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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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   Posted: 21/Oct/2009 at 7:38pm |
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I admit I was not level headed in the last crash. I was one of those who believed that stock market is actually a big 100 year old financial hoax!
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
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Posted: 21/Oct/2009 at 8:28pm |
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i am remembered of my college days when it was a lot of theory and very little practical knowledge
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 21/Oct/2009 at 8:50pm |
If there is one thing that has got injected deep into my psyche(after the 2008 crash), is that "Stock Market and investing is 50% about stock-picking skills...but the other 50% is about ones temperament".
I don't think the above would have "REALLY" ever been understood by me, without the 2008 crash. Reading day in and day out the Buffett and Lynch threads did give me a lot of knowledge, but this crash really showed me what Lynch meant when he said "markets are about stomach, not brains/intellect". Buffett and Lynch personally came down from USA to teach me a lesson...talk about free lunches!!.  I got my biggest free lunch ever!
If this is the wrong thread for my post, please move it to a relevant thread Basant jee!! 
Edited by omshivaya - 21/Oct/2009 at 8:50pm
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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
Senior Member
Joined: 23/Jul/2006
Online Status: Offline
Posts: 6675
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Posted: 21/Oct/2009 at 8:50pm |
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Congrats...your fav JP Associates has declared a bonus in the ratio of 1:2........
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Jai Guru!!!
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Ashutosh
Senior Member
Joined: 05/Apr/2009
Location: South Africa
Online Status: Offline
Posts: 226
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Posted: 21/Oct/2009 at 10:24pm |
Hi Vivek,
But the bonus is only a stock split right ?? Its been seen that stock surges a bit after bonus.So, other than a bit of price fluctuation ,there is nothing much for investor right ??
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My tastes are simple: I am easily satisfied with the best
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somu0915
Senior Member
Joined: 25/Nov/2008
Location: India
Online Status: Offline
Posts: 703
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Posted: 21/Oct/2009 at 10:29pm |
Originally posted by basant
Even if we assume that you put this new strategy in place from July then the returns are almost as much as the index which is up some 25% from July.
Surely 3 months is not the appropriate yardstick but in times of upward movement you need to really press the accelerator because when the markets start to fall the small and midcaps are the first to get butchered!
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Isn't that a time for a patient investor to start investing again in those favourite mid cap stocks? As you said 3 months is not a yardstick, I think 3yrs can be a yardstick whether you have outperformed the index or not.
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master
Senior Member
Joined: 06/May/2008
Online Status: Offline
Posts: 831
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Posted: 21/Oct/2009 at 10:35pm |
Originally posted by smartcat
This time, with the new strategy, I hope I don't underperform the index! |
With this mega-diversified portfolio, i feel your return will be index related on the way up, but will fall more than the index on way down. So timing & agility of your moves is going to be the differentiator. I'm sure you're going to handle it deftly.
On a sidenote, having laboured upto 97, why don't you think of adding another 3 to have full set of kauravas?
This thread is easily my favourite on TED. Thanks to Smartcat jee.
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Someone’s sitting in shade today because someone planted a tree long time ago.
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somu0915
Senior Member
Joined: 25/Nov/2008
Location: India
Online Status: Offline
Posts: 703
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Posted: 21/Oct/2009 at 10:37pm |
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If that is the case, how did peter lynch's portfolio outperform the index year after year?
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