Conviction vs Stubborness..
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=358
Printed Date: 19/Apr/2025 at 9:22pm
Topic: Conviction vs Stubborness..
Posted By: BubbleVision
Subject: Conviction vs Stubborness..
Date Posted: 15/Sep/2006 at 9:57am
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This is something that i have just read... This is ever true
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"One of the things which first puzzles the novice in stock-market affairs is the constant reference he hears on every side to some mysterious 'They.' He hears traders say, 'They' are buying, 'They' are selling, 'They' made a killing, 'They' are doing nothing. If one ask a trader to whom he refers when he says 'They' he will probably reply, 'The big fellows.' If pressed for a more specific answer he will say, 'The big men in New York.' In reality, the great stock market swings are the result of unseen economic forces, far beyond the power of any man or group of men to control. For fundamentally the stock market as a game is not a game between the big fellows and the little fellows... It is an unequal contest between those who know the game and those who do not. "On the one side are those who know that stocks ought to be bought when they are low and below the line of real values, and have the courage to buy them at such times. They know, too, that stocks ought to be sold, however attractive they may appear, when they are high and above the line of real values, and have the courage to sell them. On the other side are those who play the game but who do not know, or have not the courage to follow, the principles which lead to speculative success — the sucker public." -- Ch. VII, "Beating the Stock Market" by R. W. McNeel, excerpt. Copyright 1926. ------------- 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! |
Replies:
Posted By: reetesh
Date Posted: 15/Sep/2006 at 11:56am
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I agree what ever is written above, we can read all this and know what is good and bad and apply them in our stock market activity, but one and the most important thing that nobody teaches and can be tought is "Conviction".... without this becoming a good investor is not possible.. leave a side great investor..
Regards,
Reetesh. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: kulman
Date Posted: 16/Sep/2006 at 12:21pm
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Very true Reetesh jee
Conviction is very very important and the most difficult because it's all in the mind.
As the popular saying goes:
SHARE BAZAAR, BHAAV AUR BHAVANAO KA KHEL HAIN ! ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 16/Sep/2006 at 12:24pm
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The 10 letter word "conviction" can come by only through another 10 letter word "experience". It cannot be taught or learnt. An investor has to see his portfolio fall by 40% 50% before he sells out. Once he sells out the stocks would go up. The next time his portfolio falls by 40% - 50% he would know what to do and that is when he can tell the world ' See my conviction".
There is a dividing line between conviction and stubborness. Most of the
big boys become stubborn and that brings about their downfall. Ketan Pareikh was an example. After the do com he could have cut his positions and walked away but he wanted to hold the market. At one point he was long 10 million shares of HFCL @ Rs 1500. ALl this on badla (margin financing).
When a seasoned investor takes a view he does not want to change it until it is too late. But the markets do not listen to any one. We are all aware of how certain sections of the market spread apnic at 8800. They are still thinking what to do. Now once you have missed the upmove human tendency (reading does not help here) will make you look for stocks that have not gone up and they have not gone up for a reason.
As a result people get more confused and load onto DUDD stocks. ------------- '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: kulman
Date Posted: 16/Sep/2006 at 12:36pm
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The human beings become victim of "mental heuristics" and take impulsive investment decisions.
Now that media is crying "index levels of 12000 breached", the guys who sold at 8800 will reenter penny stocks because of the feeling "can't miss the rally". Why, because they see that their cousins, colleagues, juniors, seniors, neighbours all getting notionally rich!!
On this subject, let's go back to the master:
The worst of the seven deadly sins must be ENVY, because it makes the person committing the sin suffer more than anyone else! (at least GLUTTONY, which I could fault myself with at times, and possibly LUST had some upsides for the sinner!!)--Warren Buffet
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 16/Sep/2006 at 12:51pm
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That is why it pays to be disciplined in our approach and should look at the markets objectively. Only mental strength is the game between winning and losing. This is where the ED quote (posted in ED forum -- read it) of Pain and Joy helps me...
As it is rightly said in the above paragraph i posted...
It is an unequal contest between those who know the game and those who do not.
I once heard -- In a Stock market.. two kinds of people are present.. one with experience and others with money.. after a while .. people with experience have the money and people who earlier had money get the experience .. I hope i am clear.. All the above posts are great.. keep going guys so that we may become mentally strong after reading really inspiring stuff... ------------- 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! |
Posted By: kulman
Date Posted: 16/Sep/2006 at 12:58pm
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Hmmm... good one BubbleVision: In a Stock market.. two kinds of people are present.. one with experience and others with money.. after a while .. people with experience have the money and people who earlier had money get the experience .....
This forum "TheEquityDesk" would help us in gathering knowledge based on other's experiences. This forum, as I stated earlier shall not become a stock-tips kind of chat room. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: reetesh
Date Posted: 16/Sep/2006 at 1:02pm
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MR. Basant, your last post has confused me, rather than solving my problem.
You said there is very fine line dividing Conviction and Stubborn, and mind you, you have chossen the worst kind of investor (Ketan Parekh "Market Terrorist") to give example, I dont think he has any relevance as far as investor is concern, no investor can say "I am an investor but with margin funding or financed money" at best he could be smart trader thats what he was....
Now lets talk about fine line dividing Conviction and Stubborn.. Rakesh bought CRISIL in early 90`s and that did`nt moved untill 2000 or so till 99 you can say he was stubborn he is not selling this stock is worth peanuts and in 2006 we all including him praise him for his Investment in CRISIL, now look at buffet he bought so many stocks in 70`s and still holding on as his biggest holding I think he would have seen so many Kentan Pare-kh and so many down turns in the market...
Regards,
Reetesh.. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: reetesh
Date Posted: 16/Sep/2006 at 1:06pm
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Mr. Kulman, I am not that kind of person, please get out of your mind set. I apologised for what I did please stop this and that was not TIP, it was a sincere advice to people like PKB who does not want buffet quotes..
All they want to talk about stocks, I hope you are getting me.
Regards,
Reetesh. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: BubbleVision
Date Posted: 16/Sep/2006 at 1:22pm
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Reetesh... I would NOT call KP market terrorrist.. as he has given all of us a very important Lesson
Look.. he was long on TMT stocks in the 1999-2000 rally as the markets which was the right way as the path of least resistance (as livermore defined) was upwards, but he did not change with the new reality of the markets when the path of least Resistance turned downward. He was Subborn and held onto positions to try to change the path of least Resisatnce..This is where he got crushed.
The biggest lesson is that no one can ever manipulate or change the markets. Markets are a free entity and it is we who have to change according to the new realities.
The Traders or investors are blaming him because they dont take responsibility.. Look how BasantJi, who also sufferred a loss at that time learnt all the lessons and come back stronger.. The Character of a Human is tested when he is down.. and BasantJi has come out with flying colours. ------------- 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! |
Posted By: reetesh
Date Posted: 16/Sep/2006 at 1:45pm
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No no no, I am not doubting his credentials, all I am saying is he was not right in giving example of conviction and saying what he did was right but he could not cash on because he did`nt knew the fine line that divides Conviction and Stubborness.. Thats all I am saying. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: BubbleVision
Date Posted: 16/Sep/2006 at 1:55pm
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Ya i never said that you are doubting his credentials....
Conviction comes form Research (tech or funda) ... and if KP would have researched his stocks.. then he would have sold, as to he would have known how "overvalued" or how "OverBrought" the stocks he was holding has become..
I would like to put example of Ra..Damani... he was the first one to be very bullish on TMT in 1995, and when it topped in 2000, he got out AFTER the mkt had topped. ------------- 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! |
Posted By: basant
Date Posted: 16/Sep/2006 at 1:56pm
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Now lets talk about fine line dividing Conviction and Stubborn.. Rakesh bought CRISIL in early 90`s and that did`nt moved untill 2000 or so till 99 you can say he was stubborn he is not selling this stock is worth peanuts and in 2006 we all including him praise him for his Investment in CRISIL,
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Stubbornes comes when we know that things are going out of hand (fundamentals are deteriorating) but still we are holding onto our position because we believe that there is a "lesser possibility" of events changing back.
The most important word is "lesser possibility" now KP was dancing even while the music had stopped. He did not try to look into reality. Rakesh held on to Crisil because there was nothing wrong with Crisl. Say tomorrow if any of the companies in which I have invested starts to lose market share and shows reduced / falling profits I would sell out even if that happens at 40% downtick to todays prices. Now if I continue to hold on thinking that events would change and I believe that the probalility of such a change is less then 50%. I would be called stubborn.
Once a girl was murmuring in her sleep. Oh God please make Amritsar the capital of india.Oh God please make Amritsar the capital of india....
Her mother asked what is your problem why do you want Amritsar to be the capital of India? The girl replied back "coz that is what I wrote in my geography exam!"
That was stubbornes.
Conviction changes to stubborness when investors do not want to exit at lower prices in the event of changing fundamentals.
------------- '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: BubbleVision
Date Posted: 16/Sep/2006 at 2:05pm
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Great explanation BasantJi... for the Funda guys, we would say... changing Fundamentals and the Tech trend Followers like me would say... new realities and new Emerging trends....
The one who does not change his views according to new realities gets crushed.. Like KP was. ------------- 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! |
Posted By: reetesh
Date Posted: 16/Sep/2006 at 2:10pm
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I wonder why 90% of people lose money in market.
But I think there are cycles in every business, and it is hard to take a call 15 to 20 year holding period if profit falls or did`nt grow for 2 years in any company, many investor would sell his stocks, I would again give example TV TODAY and MID-DAY two of Rakesh`s picks that has not performed since he bought, infact their fundamental are going down Q after Q, then you would say that he is "Stubborn"?
Now, about RD turning bullish in TMT I dint know, but I know this that even he was stuck in TMT stocks in 2000 like NIIT etc.... He gave a BUY call on CNBC in 2003 saying INFY will not see this figure again Rs.5000 in 2003 itself it fell to 3000 odd.
Reetesh.. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: BubbleVision
Date Posted: 16/Sep/2006 at 2:43pm
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Ya Reetesh.. this is what i was saying... that he got out of NIIT AFTER the mkt topped (he adjusted with new realities)... As for Infy in 2003.. he made a "Value" call and he may have changed his views, which CNBC did not show...This is the folly of using the media. ------------- 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! |
Posted By: basant
Date Posted: 16/Sep/2006 at 2:49pm
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Coming to Rakesh Jhunjhunwala and his choice on TV Today and Mid day, have you noticed that these stocks are less then 5% of his portfolio. So just because he has it does not mean that he is convinced maybe he is playing for an event CAS/FM Radio but had been really convinced he would have replaced his Titan and Nagarjuna with these two.
Now people will have that in their mind and copy Rakesh because these two are lower priced "Titan aur Nagarjuna toh badh gaya hai" and they will never make money because just as any one cannot catch the tops and bottoms he cannot make money in all his investments.Maybe they will go up but after a while and RJ thinks that when he sees further vsisbilty he will scale up who knows?
------------- '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: reetesh
Date Posted: 16/Sep/2006 at 2:54pm
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Mr. BubbleVision let me make this very clear and you would think that I am foolish, I can have my own take on this "I dont like RD for his stock picks". INFY at 5000 in 2003 in my mind was not a value buy, it always has been a growth call. But I like RD as a person, the way he does his job ways he explain things, I admire him for that and I have lot of respect for him..
Reetesh. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: reetesh
Date Posted: 16/Sep/2006 at 3:01pm
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I dont think that is a fair arguement to make that TV TODAY and MID-DAY is less than 5% that means he would not have taken them seriously as an investment bet, and what ever was his call RADIO or FM that has not worked out atleast till now anyway. I dont think quantity matters here, people like him would not buy anything to show that look these are not my favourite because it is less than a % of my holding.. This is not fair arguement, we are discussing Conviction Vs Stubborness... and he is convinced about them thats why they are in his core holding. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: BubbleVision
Date Posted: 16/Sep/2006 at 3:14pm
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Reetesh -- i have nothing against you, infact i would like to thank you as to after you asked and BasantJi explained and things became much more clear for me...
I dont know INFY was a "growth" call or a "value" call as i am a TA and i get confused by those terms...They all are same... Hope You understand my dellima
Sorry if you have felt offended by me...
BubbleVision ------------- 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! |
Posted By: reetesh
Date Posted: 16/Sep/2006 at 3:14pm
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But BubbleVision when RD made this comment that INFY will not see 5000 again in history he was not doing justice to his experience and knowledge that he had developed over decade of hard work and people like him can do this then where is this fine line that Mr.Basant it talking about between Conviction N Stubborness..?
Reetesh.. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: reetesh
Date Posted: 16/Sep/2006 at 3:20pm
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O yes, I totally understand your problem. No, not at all, I am not offended, why I would be offended? I like this kind of intense positive discussion.
Reetesh. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: BubbleVision
Date Posted: 16/Sep/2006 at 3:32pm
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I dont know that what RD was talkin about, but he was wrong .. then the Markets punished him.. Infact i myself was short on Infy in 2003 technically, as i had written in my mistakes collum... Bye now got to go.. ------------- 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! |
Posted By: kulman
Date Posted: 16/Sep/2006 at 5:29pm
 Basant jee, good one....Amritsar as India's capital....
Now I have a conviction not to be stubborn !! ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 16/Sep/2006 at 5:55pm
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Ok. How would you draw the line between conviction and stubborness? Most of the time we as investors fall in the trap. We think that we possess very strong convictions and it turns out to be stubborness. It is only after our conviction (ego) has been hammered that we know what it actually was. like you asked me about TV Today only time will say what it was. But I find it very funny because people try anbd sell ideas on who is trying to buy. I personally had a really terrible time holding Pantaloon when RJ sold off a part of Pantaloon at Rs 750 and re-entered after 3 months at Rs 1100.
We had the discussion about http://www.theequitydesk.com/forum/forum_posts.asp?TID=333 - Kerala Ayurveda and people said So and so has bought and so and so has not.... . These ideas cannot be called conviction. I have personally passed through this phase where I used to get excited when a big name bought my stock and get depressed when it sold out.You know as kids we always start learning how to walk with walkers and unless you pull them off we would never be able to independently walk.
I bought Bharti at Rs 25 and sold off at Rs 120 odd because I had no conviction and I kick myslef for that even today.
Most of us try and argue on the stock on the basis of who is buying and then just to prove that this particular person makes no difference to your own research they would say "But I am not holding it because of that..." We have seen that argument on other parts of the forum.
Coming back to that RJ sell and buy jig on Pantaloon people called me up to say "hey why are you not selling".My answwer was " I did not buy because he was buying and I would not sell because he was selling..."
Later when he took his position again people were more confused then ever. But I thought may be missed something at Rs 750 which he later saw.
Investors can create an almost equivalent return to RJ's portfolio. We have the list of stocks that he owns and anyone can create a portfolio in that weightage and make lot of money. If RJ makes money then the investor would make. What I find amusing is an investor's appetite to copy certain areas of his portfolio which are from the low priced segment. Mid day, TV Today etc.Ask them to buy Bilcare, Lupin and Pantaloon and you will know what conviction is all about.In hindi they say Nakal mei bhi akal chahiyye!
I was once discussing with a very prominent face on TV shows and he told me that since I had a huge margin of safety on Pantaloon I should hold on. now I found that the most weird of all remarks. Why should my historic purchase price be of any significance to my future startegy. I repeat a comment I often make
" Your purchase price becomes irrelevant the moment the trade is executed"
Now when I was talking to another MF stalwart "MK" he told me "jab tak badh raha hai pakde raho". These people do not know the difference between past tense and future tense. You would only know that it is not rising after it starts to fall.
Broadly conviction cannot be developed when you are following someone else. It can always be created through independent research and numbers!
------------- '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: Vivek Sukhani
Date Posted: 16/Sep/2006 at 9:08pm
| Thats being a technical guy.. when you say never cut on losing position.To be very frank, i enjoy selling more than buying as I have found that sell decisions are easier to take compared to buy decisions. I dont know but out of 100 scrips recommended to me, 99 fail to pass my filter.Also, I dont think its possible to exit at top and enter at bottom. I am saying this in context of conviction. I beleive we need to have very strong filters before we trade long as then only we will become convinced.You may have financials as your filters or growth parameters as your filter depending upon your orientation.And if you stick to your filters, what you will have is nothing but conviction.Conviction will force you to add positions if the stock is not doing well. |
Posted By: reetesh
Date Posted: 16/Sep/2006 at 9:54pm
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That means what ever Mr.Buffett is holding since 60`s and 70`s and created wealth all this has happend by chance and who ever was this Fund Manager GOD BLESS his stake holders, if fund managers thing like this, then what can I say, Investor will always be chasing value and growth over period of time and I dont who can define how much time and how much growth, I can`t.
RJ also has lot of mistakes to his credit and everyone does. So, what ever he does by no means by default states that he is taking right call and talking about who is buying and selling what is not doing justice again to this topic of Conviction Vs Stubborness.
We are not on right track on this topic and you are indirectly saying Sir, that RJ is stubborn in holding some of his stocks?
Reetesh.. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 16/Sep/2006 at 10:09pm
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RJ also has lot of mistakes to his credit and everyone does. So, what ever he does by no means by default states that he is taking right call and talking about who is buying and selling what is not doing justice again to this topic of Conviction Vs Stubborness.
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I said that people look at RJ's portfolio first and then try to develop conviction that is wrong becauise the portfolio is looked at only to the extent as what suits the mind (low priced stocks). Conviction cannot be developed that way. Most of the arguments on stocks are done the otherway round first see who has recomended it and then develop conviction. The process is incorrect.
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We are not on right track on this topic and you are indirectly saying Sir, that RJ is stubborn in holding some of his stocks?
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Never said that RJ is stubborn how did you make that out?You cannot create that kind of wealth and more importantly sustain it by being stubborn. RJ is known for his conviction. In Karur Vysa Bank he made around Rs 14 crores from an investment of Rs 15 lacs in about 10 odd years. That is what I heard.
------------- '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: reetesh
Date Posted: 16/Sep/2006 at 10:26pm
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Most of the arguments on stocks are done the otherway round first see who has recomended it and then develop conviction. The process is incorrect. I totally agree with you on this. Why someone`s Stubborness is RJ`s Conviction in your view, because perhaps he is successful. I don`t agree with you on this.Reetesh...
------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 16/Sep/2006 at 10:48pm
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Why someone`s Stubborness is RJ`s Conviction in your view, because perhaps he is successful. I don`t agree with you on this.
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Broadly conviction cannot be developed when you are following someone else. It can always be created through independent research and numbers!
RJ or anyone cannot be 100% correct maybe he is right in only a certain percentage of his bets. I Know many people who are holding his media picks for 2 years; his food processing picks; maybe RJ could go wrong on this and maybe he will cover it up somewhere else. But I am not aware of anyone who holds RJ's pharma picks; his retailing picks; his construction picks. That is when he has made maximum money..
The conviction is not coming from RJ fully it is being helped by the price of his stcoks.
Maybe RJ could be wrong here and being "stubborn" but the point is that he has made money on the overall portfolio because he had his portfolio weighted in favour of other stocks that I mentioned above.So even if he is wrong in parts the overall results matter.
Mid day was first recommended when it was at Rs 65 it then went up to Rs80 and people sold; I know that and then some bought back at Rs 100 and averaged it down. This kind of conviction is temporary.
Now you tell me if Midday moves from Rs 45 to Rs 200 how many people copying RJ would hold it.
Selling things because they have gone up is not exactly a synonym for stubborness but it is also something that conviction would not allow a man to do.
And finally unless you research a stock or follow some one like God
conviction cannot come. See how many people sold off (partially) their stocks in the recent carnage when that 30% cash whistle was blown. Stocks have nevertheless got close to their highs. Cannot name stocks and experts here.
------------- '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: Ajith
Date Posted: 16/Sep/2006 at 11:19pm
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Stubbornness and conviction in the context being used are one and the same thing-longterm-investment.If the call is wrong it will be dubbed stubornness with the benefit of hindsight if the call is right conviction.Buffet is always in the non-cyclicals and his purchases are at a discount so the question of stubborness does not arise whereas in the euphoria of 1999-2000 stubornness was a case of herd mentality where little me was caught on the wrong foot for once accepting unjustifiable valuations and allowing things to drift ,accepting that a 20 percent decline would be nothing for me given my very low acquisition price forgetting that software was a cyclical industry and I would call myself stupid not stubborn.When I realized my mistake I switched. To make money as a longterm investor you have to have a stubborn streak all the same and you cant play to get applause..
TV Today is interesting..so interesting...given the superior management is RJ shrewdly playing the(long-term) waiting game for some fresh developments in a (definitely)sunrise industry?That is a call only for the sophisticated long term investor ?
------------- Ajith |
Posted By: Vivek Sukhani
Date Posted: 16/Sep/2006 at 11:28pm
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the other name of conviction is self-belief, and that cannot be copied.And to be very frank, I dont think we should try to copy greats. Wecome to know when they enter after they have netered and we come to know that they have exited after they had exited.So, whats the fun?????Also, i find it very awkward to bet on other's bets.So, until and unless you are convinced, dont even beleive God...and Stock Market Gurus???? No ways... Adterthe 2000 crash we are saying KP was stybborn and not convinced.Tell me who could have said that at the peak of the rally???? Heavens Forbid, but even rakesh can be there... its too early to judge, and also wrong to judge.... Tests come when the crash will last for some time... then we will realise whether Titan has enough steam to get up to 850 levels from 400 levels.That will be the best time to judge a person's picks.... |
Posted By: Ajith
Date Posted: 16/Sep/2006 at 7:59am
| No doubt about that -the greats in India are not to be blindlly followed but one musr track to understand the markets and develop our own convictions,our very own contrarian portfolio of offbeat stocks with ideas coming from every possible source to generate maximum returns. |