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basant
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   Posted: 28/May/2007 at 9:47pm |
Originally posted by Vivek Sukhani
Sir, just a personal question.......am I not a misfit person to be on TED???? because I sometimes view myself as being an eye-sore in your eyes...
Regards,
Vivek |
The moment I take you to be an eyesore I would be an investor without conviction.
My style is married with time line. I cannot wait for 10 years with a Tata Investment or a sundaram Finace (could not find any other genuine value company); I am ready to lose 50% of my portfolio in my quest for a 10 bagger;but I am always on my toes calling every one who writes an article on my companies and getting his views, I attend investor camps like a mungeri just to see what opinion people have about the companies I own; taking views is never an issue implementing them mindlessly could get us into trouble - mostly.
Higher rates of return can come only by owing less stocks or through speculation. A diversified portfolio (akin to the index) is not the best idea to generate high returns.
All said an done this is a strategy to make a lot of money in a very short period of time and obviously it comes with its risks. 
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omshivaya
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Posted: 28/May/2007 at 10:00pm |
Vivek ji: Variety is the spice of life!
Basant jee: "If we start taking that 10 year call then things would go wrong what we need to do is take small 2-3 year calls and then periodically monitor the situation."
Basant jee: Can someone afford to make mistakes on a 10 year period wanting 60% growth. To get 60% kind of growth I think someone would go for a relatively concentrated portfolio and if there is a mistake in that, then a major part would be off and instead of 60%, maybe the total portfolio would come to 30-40% for 1-2 years for that mistake.
And to top that, there would be the additional responsibility of finding a replacement(again a >60% one) for the mistake.
By the way Basant sir, I have been seeing a kind of pessimistic sentiment on your behalf on Pantaloon since they first time you first told me about it on this thread. Now, no one talks of an EPS of 19-20, but rather that it has no value and other things. Just a thought! 
Btw, I also do the mobile calc. part at least once daily and many times on the computer. Also btw, it is important for someone going for a 10 year 60% CAGR target from now let's say, to start thinking of the ones which would be there in his portfolio after 3 years based on expected lucrative themes.I personally believe that THIS 60% CAGR FROM NOW UNTIL NEXT 10 YEARS IS DEFINITELY POSSIBLE...BUT It has to be done as a group...a very committed group! The power will come from each one really caring for every other member of the group and not just answering with a disclaimer from each one, once something is not going as PLANNED! Try dwelling on it deeply(if you like) everyone.
Edited by omshivaya - 28/May/2007 at 10:21pm
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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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kulman
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Posted: 28/May/2007 at 10:11pm |
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All said & done, Om jee......It is the purchase price which will determine returns for an investor.
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Life can only be understood backwards—but it must be lived forwards
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BubbleVision
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Posted: 28/May/2007 at 10:16pm |
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Fortunately or unfortunately.....only the selling price matters! If it's in market, then its only in books and in Paper!
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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omshivaya
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Posted: 28/May/2007 at 10:20pm |
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Not just Purchase price: but also the FACT that something which was supposed to be a growth story in fact unfolded as planned and it doesn't turn out to be a wicket...
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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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Vivek Sukhani
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Posted: 28/May/2007 at 10:21pm |
Someone who bought Infosys on 07-03-2000 @ 1598, hasn't even managed a 7 p.c. CAGR assuming he sold off at the peak of this bull market.....and someone who bought infosys on 14-06-2006 @1241, got chance to double his money in less than a year....100% CAGR.... rather more than 100 p.c. CAGR as he got the chance in less than a year...
Thats what purchase price and timing does to your investment life
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BubbleVision
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Posted: 28/May/2007 at 10:27pm |
100% Vivek......Timing is very very important!
Those who are saying that it is not, are just like an ostrich. I have already posted on why I think that Buffet is also a market timer!
Ask about timing to any Japanease who purchased Nikkei in 1989, or Dow at the end of 1966, where, after half his "investing" life in 1982, the Index was at the same level!
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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omshivaya
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Posted: 28/May/2007 at 10:30pm |
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Very true Vivek jee...again a repetition of what I pointed out a few messages back: NOT JUST Purchase price BUT ALSO the company actually executes well what it had planned(that is the growth story based on which the stock was purchased in the first place).
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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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