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Buffet, Lynch and other legends - Investing Strategies
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Message Icon Topic: Is Rakesh Jhunjhunwala cautious or bearish? Post Reply Post New Topic
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basant
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Quote basant Replybullet Topic: Is Rakesh Jhunjhunwala cautious or bearish?
    Posted: 09/Nov/2007 at 3:38pm
I had mentioned about the lack of exciting opportunities in the market in the thread titled Sensex@2010 – Thoughts and Strategies but the approach of Rakesh Jhunjhunwala in the Diwali special show on CNBC Tv18 seemed one of caution.
 
Did anyone notice that RJ in seemed visibly upset and circumscept on the sensex. I remember when the index was at 7000 he said that when I come and say "Be cautious on equity you guys will not listen and throw me out". Has the hour of reckoning arrived?
 
In another show I saw that he is buying Gold now!
 Never ever saw a more upset and perturbed Rakesh Jhunjhunwala before.
 
Seems that he does see huge repurcussions for the Indian equity market from the US slowdown. I heard him use words like "bloody cock and bull story" on the Reliance counters maybe RPL and RNRL where the grapewine discusses that he went short and was badly trapped.
 
I was amused to see Shankar Sharma take a dig at him and actually suggest that you need experience to handle such excesses maybe as they say everyman has his day.
 
Overall it did appear that the Big Bull appears tired and prefers to stay cautious rather then seek greener pastures.
 


Edited by basant - 14/Nov/2007 at 7:18am
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tigershark
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Quote tigershark Replybullet Posted: 09/Nov/2007 at 4:13pm
ET writes a similair article saying that rj has teamed up with somebody called the old fox to short the mkt and both are bearish on india.have things finally changed.
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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deveshkayal
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Quote deveshkayal Replybullet Posted: 09/Nov/2007 at 4:18pm
At 19000, Indian market is not as expensive...
 
Surprise,Surprise....JP Morgan has a one year target of 22,500 on Sensex. They have changed their views because they feel interest rates will go down.
 
I think Old Fox which ET is referring to is Nemish Shah of ENAM.
"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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getmanoj
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Quote getmanoj Replybullet Posted: 09/Nov/2007 at 4:43pm

Link to his interview on Moneycontrol. It seems he is not only bearish but angry also :)....
http://www.moneycontrol.com/india/news/market-outlook/be-cautious-atlevels-rakesh-jhunjhunwala/16/51/312352

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Quote tigershark Replybullet Posted: 09/Nov/2007 at 5:17pm
jim walker of clsa has becom a big india bull and has refered to dr reddy as one of the best central bankers around  did read rjs interview and it does make sense.

Edited by tigershark - 09/Nov/2007 at 5:31pm
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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basant
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Quote basant Replybullet Posted: 09/Nov/2007 at 8:35pm
This is the most striking part of that interview. It should be read at least twice:
 
"Never forget in all this momentum that in 1992 the price of Hindustan Lever was Rs 18.20 whereas the index was 4,300, but in 2003 when the index was 2,900 then HLL was Rs 328. As an investor I found that it is not how high my scrip goes, it is at what level it settles after it goes high. If a stock moves from Rs 100 to Rs 1,000 and comes back to Rs 20, then nobody really gains. But if the stock grows from Rs 100 to Rs 1,000 and then does it stop at Rs 600 or Rs 500, I don’t know."
 
 

"As humans and investors we must have the maturity to realize that we can’t earn the wealth without time passing, without it being tested, and without our conviction being tested. Nobody has earned wealth easily and retained it."



Edited by basant - 09/Nov/2007 at 8:38pm
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Quote tigershark Replybullet Posted: 09/Nov/2007 at 8:47pm
we are back to basics  we know that mkts are manic depressive, we also know that in the short run mkts are voting machines,long run weighing machines.....whether it is 1970 or 2007 ultimately the basics of investing never change........bottomline!and value! eps growth and roe.

Edited by tigershark - 09/Nov/2007 at 9:54pm
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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manojc
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Quote manojc Replybullet Posted: 09/Nov/2007 at 10:25pm
Basantji, what do you feel after reading his interview? should we sit on cash immediately or need to wait for more triggers?
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