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kulman
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   Posted: 13/Feb/2007 at 4:50pm |
And most important thing is also business model.
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My conclusion from my own experiences and from much observation of other businesses is that a good managerial record (measured by economic returns) is far more a function of what business boat you get into than it is of how effectively you row.---Warren Buffet
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Life can only be understood backwards—but it must be lived forwards
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basant
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Posted: 13/Feb/2007 at 4:57pm |
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Kulmanji: Please put this quote in the Buffet section also and any idea on the educational background of Buffet ?From what I can recollect reading he studies finance but it does appear that he was also well versed in English Literature.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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johnnybravo
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Joined: 17/Jan/2007
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Posted: 13/Feb/2007 at 5:10pm |
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I have never researched Biocon but from what I remember that company had nothing on the table for the retail investor.
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Actually biocon when it got listed was perceived to be the first Biotech company in India to get listed and people started drawing parallels with Infy!
Such sunrise sectors are seen as a great ray of hope by Mr. Market - the result was that Biocon which IPO'ed at 350 Rs went to almost 800Rs in a month's time. So investors were more than happy to be in the stock. The real turmoil started when Q after Q results started pouring in for the company. Mrs. Kiran kept on fooling people that these results are not good but biocon is a year- two year story. Soon Mr. market had enough and in the next correction May 05, the stock came down and never went up and I learnt a few lessons of what's *not to be done*
Nevertheless, we were discussing SREI and its mgmt. What i wanted to say here is, employees rarely give honest opinion about their company. Ask infy employees and most of them will be 'unsatified pigs'. Especially the kind of chaos ur friend has mentioned about SREI - its most prevalent with software services firms!
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xbox
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Joined: 10/Sep/2006
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Posted: 13/Feb/2007 at 4:27am |
ADRs fell on news of CRR hike ...
 Banking stocks were the worst hit, with ICICI Bank declining by close to seven per cent, while HDFC Bank slumped 5.36 per cent Needless to say what Indian financial/banking stock will do in couple of days. Really bad days are here (to stay). As I cautioned everybody last month, starting now it could be a complete horror movie. 
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Don't bet on pig after all bull & bear in circle.
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prosperity
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Posted: 14/Feb/2007 at 12:42pm |
Isn't money showing its cyclicality and hence impacting ALL BANKS, in terms of both margins and volumes of lending business !!
Interest Rate goes up, down and up and takes Banking Stocks along with it !!
SO CAN WE CONSIDER BANKING SECTOR TO BE CYCLICALS ... and HENCE NOT BET ON IT FOR A LONG TERM ........
i know the answer, but just wanted to give some food for thought !!
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xbox
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Posted: 14/Feb/2007 at 3:55am |
Banks are derived from economy. Banks will be in trouble only when economy is under so. If economy is strong, so will be Banks. But vice-versa is not true. Strong banks do not necessarily mean a strong economy.
If economy is cynical (which I think so), then Banks are so and for that matter everything  Interest rates are quite cynical. Some of insulated sectors (not 100% though) could be IT, Telecoms, Energy, Media.
Edited by vipul - 14/Feb/2007 at 5:50am
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Don't bet on pig after all bull & bear in circle.
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kulman
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Posted: 14/Feb/2007 at 8:43am |
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I'm not aware of the sectors bcoz yet to learn a lot..........but what is 100% cyclical is the mood of investors.
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Life can only be understood backwards—but it must be lived forwards
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johnnybravo
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Posted: 14/Feb/2007 at 11:18am |
Originally posted by vipul
Banks are derived from economy. Banks will be in trouble only when economy is under so. If economy is strong, so will be Banks. But vice-versa is not true. Strong banks do not necessarily mean a strong economy.
If economy is cynical (which I think so), then Banks are so and for that matter everything Interest rates are quite cynical. Some of insulated sectors (not 100% though) could be IT, Telecoms, Energy, Media.
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Good point vipul, quite a few times i think that 1) Everything for that matter is cyclical ! 2) Everything for that matter is a commodity! The real differentiator in the domain of stock markets is how big is the cycle or how quantized is the commodity.
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