Breaking News: Get down on your knees and pray! It is this advice from a well known investment expert that led to a huge crowd of men and women and couples in their twenties and thirties sitting down in prayer in front of the Bombay Stock Exchange on Dalal Street in South Mumbai today. It … Read more
“I must leave now”, said Swami, my South Indian friend just as we were sipping our coffee. “Going out with family?” I asked, knowing that he was quite the family man. “No! Don’t ask – I have this big form I have to fill after going home, and submit it tomorrow without fail”, he said. … Read more
Philip Fisher was an American investor best known as the pioneer of growth investing and the author of Common Stocks and Uncommon Profits, a guide to growth investing that has remained in print ever since it was first published in 1958. 1. There is a complicating factor that makes the handling of investment mistakes more difficult. This is the … Read more
1. Successful investing is only common sense. Each system for investing will eventually become obsolete. 2. The time to buy a stock is when the short-term owners have finished selling and the time to sell a stock is often when short-term owners have finished their buying. 3. Bull markets are born on pessimism, grow on … Read more
Sehwag already held the record for the highest Test score of 319 by an Indian. Now he also holds the record for the highest ODI score of 219 by an Indian and by any cricketer. That’s not bad going, especially for someone who started his career with a game in which he scored 1 and … Read more
John Bogle was the founder and retired CEO of the Vanguard Group. He is known for his 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor, which became a bestseller and is considered a classic. A proponent of mutual funds for individual investors to build long term wealth, Bogle (through Vanguard) was the … Read more
Have not written about specific stocks here so far, so venturing into them for the first time. So I will start with a list of good businesses at a decent price. Most of these businesses are good business models, many of them with repeat revenue potential, most have a strong brand in the eyes of … Read more
A few months back I attended a corporate training program on Customer Engagement Skills, and one of the things they taught us was how to deal with an angry or upset customer. The theory says that there are typically three reactions one has for an irate customer. The first one is to run away – … Read more
When J P Morgan was asked in the early 1900’s on his view on what the market will do, he famously said, “It will fluctuate.” But a lot of people seriously believe that they can actually predict where the market will be, or where a particular stock or sector will be in the next few … Read more