For a follower of Warren Buffet, I’ve been quite remiss in my attention to great companies. It’s time I focused more on the brand names and businesses I’d be proud to own rather than chasing every company that looks undervalued and diffusing the gains on my portfolio.
Buying only on value and / or clear future promise is a philosophy that has paid off very well so far, getting me into great businesses like ITC, Infosys, SBI and Bharti at prices that seem throwaway by today’s standards. I’ve made at least 60% on these on an annualized basis, not bad by any standards!
In line with this strategy, I plan to maintain a watch-list of my favourite companies, starting today. Today’s post contains a few of the more obvious ones and I will keep adding companies to the list over subsequent posts. These may not be undervalued right now – in fact almost all would be priced quite high in today’s market – but there’s bound
Help Me Fight 'Comment Spam' at 2005-12-04 19:51:28
I just spent 45 minutes deleting spam comments from various posts on the blog and am really PISSED! So far I'd kept the comments free for all, hoping that it would encourage all you guys to share your views with the minimum of fuss and bother.
Unfortunately, spam comments are outnumbering genuine ones by at least 5 to 1 and so I'm having to disallow anonymous comments. I hope all you guys out there will understand and take the time to create a blogger ID so you can continue to contribute to this blog. On my part, I hope this step reduces the spam to a more manageable level so I can devote more attention to writing.
Thanks for your support and do come back soon!
'Winning On Wall Street' at 2005-12-04 19:51:28
I recently stumbled across this book by Martin Zweig, a mutual fund manager who was quite well-known and respected in the '80s and '90s. It is simply amazing, especially for people like me who focus on fundamentals and have little or no idea on technical investing.
The most interesting aspect of 'Winning on Wall Street' is that, based on research into the long history of the Dow, Zweig outlines a set of parameters as well as a complete forecasting model that he used to forecast the
onset of bull and bear markets on a consistent basis!
Imagine that - wouldn't
you like to be able to tell when an upsurge is an aberration and when it is actually the start of something big and so get into the market early? Or when a small dip might be leading to a major market decline?
The only issue is that the model is based on the Dow and hence the triggers might not work for the Sensex / Nifty, though the parame
Looking Back at 2005-12-04 19:51:28
My interest in stocks - actually in investing in general - began early last year, when I read 'Rich Dad, Poor Dad' and was inspired enough to sit up and take some interest in my finances, open demat and trading accounts, set up mutual fund SIPs and begin to take an active interest in the stock market.
Beginner's Luck
I was lucky in chancing upon some really good books on fundamental analysis and value investing which I could use to work out an initial stock-picking strategy. Far too many people I think get into day-trading and market timing, approaches that are not suitable for everyone, especially for salaried types like me who don't have the time, guts or funds to get into such short term plays.
I was even luckier to get into the market just before the major crash at the time of the 2004 elections. I saw many of my holdings go into the red but I didn't have enough in the game to panic. Instead,
Introducing... at 2005-12-04 19:51:28
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Shai Dardashti on Grahamian Value, a really good blog on value investing and one of the most comprehensive such resources I've seen on the Net. Highly recommended for people who follow Buffet, Graham and other fundamental analysts of their ilk.
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Value Stock Plus, which belies its name by spending a fair amount of time on global trends and movements of economies around the world, kind of like a CNN for the blogosphere! Check out the interesting comments on the Indian economy in this post and this one
I'd also take this opportunity to thank everyone who commented in response to my last post. Do keep coming back!
