“I must leave now”, said Swami, my 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. “Hmm – … 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
Dec 10, 2011 “Sehwag already held the record for the highest Test score of 319 by an Indian.” Jigneshbhai read from the Sports page of his newspaper. He looked up to us and further informed us “Now he also holds the record for the highest ODI score of 219 by an Indian and by any … 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
“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” Jigneshbhai told me and Swami as we had our coffee last weekend. I am not sure why our broker friend attends such programs. He was quick to … Read more
“For years the financial services have been making stock market forecasts without anyone taking this activity very seriously. Like everyone else in the field they are sometimes right and sometimes wrong. Wherever possible they hedge their opinions so as to avoid the risk of being proved completely wrong. There is a well-developed art of Delphic … Read more
1. Only when the tide goes out do you discover who’s been swimming naked. 2. A public-opinion poll is no substitute for thought. 3. Beware of geeks bearing formulas. 4. Derivatives are financial weapons of mass destruction. 5. Never ask a barber if you need a haircut 6. I never attempt to make money on … Read more