“What should we do now?” asked Swami, as my broker friend Jigneshbhai sipped his coffee when we had our first meet of the New Year this weekend. “Now that markets are back to their levels before our PM Modi came in, all my long-term investment plans seem to be back to square one. So, what’s … Read more
“As if all the fixed deposits and mutual funds and shares and gold funds weren’t enough, I also have to think about this gold deposits now” complained Swami, as we met this weekend over our customary cup of coffee. He looked at my broker friend Jigneshbhai, and asked “So should I invest in this new … Read more
It has been a while that I have posted to the blog, and one of the reasons has been editing my past writings in preparation for my book being published. So it is heartening to share on the auspicious occasion of Diwali that my book is published and is now available. The title is ‘Path … Read more
It was a long, long time after which my friend Swami and I met my broker friend Jigneshbhai over coffee yesterday. Like always, it was Swami who started while Jigneshbhai and I were sipping our coffee. “This Modi Sarkar is useless. It only talks. Nothing has changed on the ground.” I looked at Jigneshbhai to … Read more
I had the opportunity to read two books over the past two weeks. The First One was ‘The Lazy Person’s Guide to Investing’ by Dr Paul Ferrell, a former investment banker with Morgan Stanley and a columnist later, with some really useful and simple advice for the individual investor. Here are some excerpts: “Investing really is very … Read more
“I have learned that the capacity to endure boredom without looking for excitement is one of the foremost requirements to succeed in investing,” said my broker friend Jigneshbhai as we sipped our coffee last weekend. We were meeting after a long time and my broker friend was reading from a speech he had heard in … Read more
Prem Watsa was once called the savviest value investor you will never know. He is also known as the Canadian Buffett. In fact, his investing approach is uncannily similar. He heads Fairfax which owns multiple insurance companies. He generally buys companies in whole and mostly when they are in trouble (Blackberry being a recent example). … Read more
This year marks 50 years of Buffett and Munger running Berkshire Hathaway. Since 1977, Buffett has been writing an annual letter to his shareholders. A compilation of these letters was also published as a book. This year the letter has its details on business performance, plus the now regular interesting insights and wisdom as usual, … Read more
I found this wonderful talk – both in style and substance, in numbers and stories – as he mentions – delivered by Prof Aswath Damodaran (of New York University) at Google posted on Youtube over this weekend. Here are some notes/ statements from this talk to takeaway: “Accounting is not valuation” “Goodwill is the most … Read more