Investing - The Sadhus join the brigade!
Printed From: The Equity Desk
Category: Market Strategies
Forum Name: Trading Psychology
Forum Discription: Discuss the psychological aspects of trading such as fear, greed and discipline. Why stocks are bought like perfumes and not groceries.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=1407
Printed Date: 23/Apr/2025 at 10:45am
Topic: Investing - The Sadhus join the brigade!
Posted By: kulman
Subject: Investing - The Sadhus join the brigade!
Date Posted: 30/Nov/2007 at 3:17pm
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I don't know whether this post shall have separate thread....but it's very very interesting....
Sadhus turn smart investors
He is quite at peace with himself at the crack of dawn. His job: worshipping the lord, cleaning the temple, facilitating darshan for the devotees, and preaching, which starts only towards the evening.
What about the day? Well, the Swamiji is busy. He turns a smart investor as the stock market opens, excuses himself to a room in the temple premises with a laptop and clicks on for trading.
One such priest has a portfolio of close to Rs 1 crore. Religious heads from prominent temple trusts and sects are investing big time with the perks that come as unaccounted donations from devotees.
Take a small village in Anand district. The swami belonging to a popular sect here is an active intraday trader and his knowledge about the stock market is quite impressive.
It may be mentioned here that the religious leaders from some of the cults are highly educated and tech savvy. In case of off-line trading, preachers opt for a demat account in the name of a family member of their follower, and nominate themselves in case of death of an account holder. According to the market sources, certain sects of Swaminarayan and Jains are some of the largest investors in mutual funds. Some of the Christian trusts too are investing frequently. Another stock broker states that there are instances where religious leaders also fund their select followers to apply for IPOs. The followers have to return money after listing at pre-decided interest rate and profit sharing. The followers are supposed to bear the losses in case the scrip fails to perform on listing...
Link to the entire slide show: http://economictimes.indiatimes.com/quickiearticleshow/2578588.cms - http://economictimes.indiatimes.com/quickiearticleshow/2578588.cms
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The article doesn't state whether F&O Positions Contract Notes are accepted as donations!!!
------------- Life can only be understood backwards—but it must be lived forwards |
Replies:
Posted By: smartcat
Date Posted: 30/Nov/2007 at 3:36pm
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Can Swamis see the future?
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Posted By: kulman
Date Posted: 30/Nov/2007 at 3:45pm
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Don't know that for sure.
But imagine a Swami who has lost due to leveraged position in Nifty Future. His follower (disciple) would have no other Option but to bear that loss.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 30/Nov/2007 at 3:48pm
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I met one Panditji who conducts Bhagwad Path recently. WHile we know him for over two decades now I was surprised when he asked me "Indian Overseas Bank kya lagta hai". He holds adecent quantity maybe in 5 digits and was looking at further avenues to invest.
I was later informed that inspie of being wealthy in crores these people do not pay tax and seldom keep money in banka ccounts - Bad for CASA!
Most of their assets are in gold and property and on interest called "rukka" through their bhakts!!!
IT guys keep all the pandits on their radar and do launch raids very often but broadly they have been able to do nothing because everything gets settled.
------------- '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 |
Posted By: smartcat
Date Posted: 30/Nov/2007 at 3:59pm
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I guess Sadhus can put a Shraap on Income Tax guys who try to raid their premises - that's Kamandal power for you. If CNBC guys happen to read this thread, you will soon see a new programme going on air - Your Stocks With Shri Shri Shri Shri.... To have a portfolio of crores, they need to have a pretty decent starting capital. Is being a Sadhu or Pandit so financially lucrative? I know it is too late for a career change for me, but I'm just curious.
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Posted By: kulman
Date Posted: 30/Nov/2007 at 4:07pm
 ha ha
It's never too late....SmartCat.
In fact I've thought of few names as suggestions just in case you really think about it:
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 30/Nov/2007 at 4:13pm
They make all the money preaching ------------- '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 |
Posted By: deepinsight
Date Posted: 30/Nov/2007 at 4:38pm
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Kulmanji/Smartcat: some more possible names...
Swami Dhandhanadhan
Maharaj Rokdapati
Sri Sri multi-bagggerji ------------- "Investing is simple, but not easy." - Warren Buffet |
Posted By: omshivaya
Date Posted: 30/Nov/2007 at 6:27pm
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In India, a husband is known as "Pati". Incidentally, Pati is also known as Swami.
So, when we say Crorepati, we already mean Croreswami! So, the "money-making" Swami jees are already suited for crores. Crores of what, that I leave upto the imagination of the TEDdies. ------------- 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 |
Posted By: kulman
Date Posted: 30/Nov/2007 at 7:11pm
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Swami Dhandhanadhan
Maharaj Rokdapati
Sri Sri multi-bagggerji
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 ha ha haAnd those foreign Sadhus....Swami Videshi Niveshakanand
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: catcall
Date Posted: 30/Nov/2007 at 7:43pm
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Kulman, you are the best qualified to slip into this double role, in case you need disciples, I'm free after the elections ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: kulman
Date Posted: 30/Nov/2007 at 7:54pm
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..... best qualified to slip into this double role, in case you need disciples, I'm free after the elections
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ha ha ha ....Well, looking into the risk-reward analysis, I'm willing!! Please suggest a good name for that new Avatar!
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: catcall
Date Posted: 30/Nov/2007 at 8:05pm
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Let's start with "Swami Bazar baba" and till an opinoin poll can come up with a better name. The guy who comes up with the best name gets a dinner with AF ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: kulman
Date Posted: 30/Nov/2007 at 8:12pm
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....till an opinoin poll can come up with a better name. The guy who comes up with the best name gets a dinner with AF.
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ha ha haThe winner however should leave immediately after dinner. As Baba doesn't like any disturbance. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: valueman
Date Posted: 15/Feb/2008 at 11:48am
Swami Mungerilal ------------- To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks . Benjamin Graham. |
Posted By: valueman
Date Posted: 14/Mar/2008 at 1:41pm
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Does anyone know the fate of the portfolios of these sadhus ? Might be they were so happy with the sensex crossing 21000 in December 07 and their portfolios were all in green that retreated to the Himalayas to have a good break .They must be in a rude shock when they check their portfolios now ------------- To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks . Benjamin Graham. |
Posted By: nitin_jagtap
Date Posted: 14/Mar/2008 at 2:00pm
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The cool winds in the Himalayas will cool many things. ------------- Warm REgards Nitin Jagtap |
Posted By: valueman
Date Posted: 14/Mar/2008 at 11:56pm
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Might be the Sadhus have attained Samadhi after seeing their current portfolio fully in red .
------------- To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks . Benjamin Graham. |
Posted By: basant
Date Posted: 16/Jan/2009 at 1:30pm
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How is life for those Sadhus at this time? Are they back to their old ways of making money?
------------- '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 |