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yogishkamath
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Quote yogishkamath Replybullet Posted: 04/May/2010 at 11:56pm
  Indian companies wipe the floor with Chinese ones when it comes to RoE. 

   Chinese companies return about 9-10% while Indian companies return about 21% on average. 

   That is why India keeps growing at 8-9% despite having only a 30% savings rate and relatively low levels of foreign investment while China has a 50% savings rate and massive amounts of foreign investment but still grows only about 1-2% faster.
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LearningToFly
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Quote LearningToFly Replybullet Posted: 04/May/2010 at 11:29am
Originally posted by yogishkamath

  Indian companies wipe the floor with Chinese ones when it comes to RoE. 

   Chinese companies return about 9-10% while Indian companies return about 21% on average. 

   That is why India keeps growing at 8-9% despite having only a 30% savings rate and relatively low levels of foreign investment while China has a 50% savings rate and massive amounts of foreign investment but still grows only about 1-2% faster.
 
Check your data Yogish. If you look at India's growth from 1980-1990, 1990-2000, and 2000 onwards, the rate is 5.5%, 5.8%, and 7.5%. The figure of 8-9% is very recent (may be 2008 onwards).
China maintained dounble digit growth since 1980.
 
In fact, if you look at Indian growth rate from 1980 to 2006, it is less than 5% CAGR while Chinese growth in the same period has been better than 8%.
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vinvestor2010
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Quote vinvestor2010 Replybullet Posted: 05/May/2010 at 2:53pm

Hi pretty interesting article

only if he plans listed company acquisitions it might be interesting
otherwise I would salute him coz whatever is learnt is from his writings but that is about it i guess-Sleepy

Regarding Indian v/s Chinese companies undoubtedly BSE Top 100 would be far superior to Shanghai Top 100 in Roe & corp governance
however in the next 5 years alone the Chinese will build 44 Bullet Train routes and 13 Underground Metro systems (full Europe has 25 Bullet Train routes I think)
and we are celebrating with 1 Delhi Metro in 10 years
so Chinese firms are far superior in certain areas even though we would like to say that Chinese quality is timepass
as a simple rule companies run by Chinese government / Chinese real estate firms are not good, but some small Chinese companies are phenomenal (check Munger's investment in BYD)
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kohinoorpai
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Quote kohinoorpai Replybullet Posted: 05/May/2010 at 4:32pm
Dear Sir,

At last some harsh truth about people visiting India to fill their pockets but posing to do us a bloody service by thier visits.You see lots of interviews of CEOs stating that their investment in India is proof of their Commitment to india. Bloody jokers come here to make money and talk of comittment to the country. Who do they think they are fooling.When will we Indians get over the White Man Gospel Truth syndrome.
If Buffet was the wise man they claim he is then how come he has no business in the worlds fastest durable economy.
Thanks for your honest views on Buffet the White Man
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ashokpatil
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Quote ashokpatil Replybullet Posted: 09/May/2010 at 12:55pm
  
    Mr. Ajit jain is the main pillar of Buffets reinsurance business. He has made huge money for buffets company berkshire hathaway. so Buffet calls him a superstar and he is tipped to be heir of Buffet and he is likelly to be next chairman.
                          Mr jain is of indian origin and he is from IIT  Kharkpur. Buffet from long wanted to visit this IIT Karakpur and Mr jains home town. So this trip of buffet may  be for that  purpose .  as Basantji has himself written he need not come here in order to invest here. Buffet is agreat investor having high rate of return for last 40 years. There is no question of staying behind the curve or ahead of it. what matters is your returns
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chimak10
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Quote chimak10 Replybullet Posted: 09/May/2010 at 2:17pm
RJ has beaten buffets rate of return by very big margin for a very long period too.

RJ is a extraordinary speculator, investor, punter, stock manipulator.

RJ has not used partnership money neither has he used insurance float money. So he was in a same position as we all are.

Then why the hell look out for buffet but ignore RJ i don't understand. As they say in ROME do What ROMANS do.
So in INDIA do What INDIANS DO.

Last but not least if pepole are so much fond of buffet then they shouldn't invest in indian stocks as buffet has not yet invested a single penny here for whatever reason. Pepole can either follow his principal fully or ignore it.
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LearningToFly
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Quote LearningToFly Replybullet Posted: 09/May/2010 at 6:53pm
Is it so? Can you cite some proof. I am also a big fan of RJ and would love to know the CAGR for a significant number of years. This is not to argue but just to know if there is anyone who has beaten Buffet consistently for a significant number of years (may be 15-20 years)
 
Originally posted by chimak10

RJ has beaten buffets rate of return by very big margin for a very long period too.
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bihisello
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Quote bihisello Replybullet Posted: 09/May/2010 at 7:01pm
How this argument (WB v/s RJ) will help/educate anyone here?
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