Joined: 06/Sep/2006
Location: India
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Posts: 5966
Posted: 12/Jul/2007 at 1:19am
Originally posted by deveshkayal
JP Morgan on Pantaloon Retail
.........
• All the above initiatives had not been considered in our estimates and could potentially contribute to as much as 10% of shareholder value.
Devesh ji, what was their last estimate anyway? Any more details please?
The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 12/Jul/2007 at 9:53am
Originally posted by vipul
Buying a retailer without good management is like buying the Eiffel Tower without an elevator.
-- Warren Buffett
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Wow!!!, Sir jee, if one have Eiffel Tower, is elevator a problem ?
PE is solely working on Eiffel Tower & elevator model. They buy good business & compliment it with their management and make money.
Good thought. Missed it but that elevator analogy witha PE does make sense.
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Basantji, it was just a one page clarification report by JP Morgan..I dont have the original report..
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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