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nitin_jagtap
Senior Member
Joined: 29/Dec/2007
Location: India
Online Status: Offline
Posts: 1283
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   Posted: 10/Mar/2008 at 8:29pm |
Johnny : " Pops ..first it was hexaware..then it was some private banks ..now its L&T ..everyone is hedging and loosing money ..what is this hedging exactly  "
Jack : " Well Sunny .....in finance hedging is a strategy designed to minimize exposure to an unwanted business risk, while still allowing the business to profit from an investment activity "
Johnny : " huh .....thinking  "
Jack : " what are you thinking about "
Johnny " Nothing Pops ..some call it hedging ..some call it irresponsible speculation ..Am I right  "
Jack : "  Bu#$%$..."
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Warm REgards
Nitin Jagtap
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 10/Mar/2008 at 9:14pm |
Mungerilal: "Bunty.....have you heard Jack & Johny's discussion about hedging? Now don't ask me about it, okay?
Bunty: "Yes I understood it fully. Yet in my English dictionary, another meaning of Hedging is give as: An intentionally noncommittal or ambiguous statement. Reminds of a business TV anchor, right Papa?"
Mungerilal: "...Bh%$^...."
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Life can only be understood backwards—but it must be lived forwards
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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Posted: 10/Mar/2008 at 4:10am |
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Sorry to disturb Kulmanjee for intrusion, but dont you think this is going to benefit companies like Edelweiss who are acquiring skills in hedging (and they have huge market, I think hedging will become an intergral part of business in the changing global economy and those who acquire knowledge and skills shd get benefitted...
(P.S- I am not doing advt for edelweiss here)
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India_Bull forever Bull !
www.kapilcomedynights.com
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 10/Mar/2008 at 8:08am |
"Bol mere Laal"
Mungerilal: "Bunty beta....dekho!
He is a true visionary, isn't he?"
Bunty: "Papa....it's a bit too late for histrionics. Anil uncle should have known by now that Infra theme is over."
Mungerilal: ". ... Bh$#%^..... "
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Life can only be understood backwards—but it must be lived forwards
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valueman
Senior Member
Joined: 29/May/2007
Location: India
Online Status: Offline
Posts: 1134
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Posted: 10/Mar/2008 at 10:19am |
Originally posted by nitin_jagtap
Johnny : " Pops ..first it was hexaware..then it was some private banks ..now its L&T ..everyone is hedging and loosing money ..what is this hedging exactly"
Jack : " Well Sunny .....in finance hedging is a strategy designed to minimize exposure to an unwanted business risk, while still allowing the business to profit from an investment activity "
Johnny : " huh .....thinking "
Jack : " what are you thinking about "
Johnny " Nothing Pops ..some call it hedging ..some call it irresponsible speculation ..Am I right "
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Nitin
I have the following modification for this :
Johnny : " Pops ..first it was hexaware..then it was some private banks
..now its L&T ..everyone is hedging and loosing money .. what is
this hedging exactly" Marie ( Johnny's Mom ) : Johnny ,Hedging is what your Dad does daily to earn other income sitting at home itself and so far I am yet to see any earnings from his hedgings and see him doing only averaging . Jack : "  Bu#$%$..."
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To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks .
Benjamin Graham.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 10/Mar/2008 at 10:25am |
Originally posted by valueman
Marie ( Johnny's Mom ) : Johnny ,Hedging is what your Dad does daily to earn other income sitting at home itself and so far I am yet to see any earnings from his hedgings and see him doing only averaging .
Jack : " Bu#$%$..."
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 ha ha ha!!!
Welcome to the party Mrs Marie.
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 11/Mar/2008 at 7:27pm |
Originally posted by omshivaya
I just got off the phone with Rana. He was a bit confused and asked me: "Tu bol Om, kitne bhav mein place karu..utne mein hee karoonga."
So I said: "Dekhta hoon, TEDdy bhaiyyo se pooch kar aata hoon"
So, let me know people and I will let my pal know.
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Ohhhh was it you talking to him? I was trying at the same time and the line was engaged. Finally I could speak to him!
Here's the transcript:
RK: "Hello....yes?"
Kulman: "Hello....yes. Is it Yes bank?"
RK: "Yes it is yes bank. I'm RK speaking. Who's that?"
Kulman: "Oh Sir! Good afternoon Mr. RK. I'm kulman from TED. I was trying to contact you..."
RK: "I was in discussion with Om about QIP. I guess our placement is being discussed & guessed upon more on TED than in our own board meetings."
Kulman: "Tell me why don't you raise Tier-II capital?"
RK: "That's an easier option. But then our cost of finds will go up affecting RoA."
Kulman: "What about bank's involvement in CDO, Fx derivatives."
RK: "Not very material is all I can say at the moment."
Kulman: "Will you be able to maintain growth rate of over 60% over next 2~3 years."
RK: "I understand your concern. I'm sure that you know that business doesn't grow in a straight line. These are challenging times yet we expect to grow more than the sector average."
Kulman: "But Sir if sector slows down considerably? With global factors looming large, US elections, high commodity prices, global warming, political uncertainty in India how will you cope up?"
RK: "Why don't you come & replace me here?"
Kulman: "Sir....I'm unable to hear you.....hello.... hello....the voice is cracking."
Edited by kulman - 11/Mar/2008 at 7:31pm
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Life can only be understood backwards—but it must be lived forwards
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 11/Mar/2008 at 8:20pm |
Originally posted by kulman
Ohhhh was it you talking to him? I was trying at the same time and the line was engaged. Finally I could speak to him!
Here's the transcript:
RK: "Hello....yes?"
Kulman: "Hello....yes. Is it Yes bank?"
RK: "Yes it is yes bank. I'm RK speaking. Who's that?"
Kulman: "Oh Sir! Good afternoon Mr. RK. I'm kulman from TED. I was trying to contact you..."
RK: "I was in discussion with Om about QIP. I guess our placement is being discussed & guessed upon more on TED than in our own board meetings."
Kulman: "Tell me why don't you raise Tier-II capital?"
RK: "That's an easier option. But then our cost of finds will go up affecting RoA."
Kulman: "What about bank's involvement in CDO, Fx derivatives."
RK: "Not very material is all I can say at the moment."
Kulman: "Will you be able to maintain growth rate of over 60% over next 2~3 years."
RK: "I understand your concern. I'm sure that you know that business doesn't grow in a straight line. These are challenging times yet we expect to grow more than the sector average."
Kulman: "But Sir if sector slows down considerably? With global factors looming large, US elections, high commodity prices, global warming, political uncertainty in India how will you cope up?"
RK: "Why don't you come & replace me here?"
Kulman: "Sir....I'm unable to hear you.....hello.... hello....the voice is cracking."
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Ha Ha Ha Ha Ha Ha Ha Ha Ha....I could go on and on...
The best part of the above conversation was the one which I have boldened!!! Great one Kulman jeeee!!
Ok..hold on a sec guys!
"Heyy!!..what the f***"
"Hold on a sec guys, someone's on the phone"
"Oops..Uh..Oh...Ok, Ok...It's RK..."
"Oh my God!!! Damn Thande aadmi...What did you send RK?? RK is asking me about some SMSes you sent him after your conversation with him. RK is demanding I explain the meanings of those messages, especially about a certain MMS you sent him. Bera Garg ho sab thar-ki-oo ka"
Ab to 250 ka placement hee boloonga RK ko...300 ki aisi ki taisi!
Edited by omshivaya - 11/Mar/2008 at 8:25pm
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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