As 2008 draws to an end, feel free to blame whoever you feel destroyed value or sentiment this year!

My votes go to:

1. Anil Ambani for his pie-in-the sky IPO and two other IPOs which he had the  "good sense" not to take forward.
2. N. Modi for making Gujarat state PSU's contribute 30% PBT to CSR (or election fund).
3. Ratan Tata for his stretching Tata Motors too far by acquiring Jaguar. He totally didn't see the economic tsunami that was building up.
4. The brass bull outside the BSE .

Originally posted by kaushalchawla I like Ratan Tata a lot. Though it was a good feeling that Jaguar is now owned by an Indian company, at the same time I was sad as well as i personally felt that it wasnt a good time buy it at all as i felt / thought / sensed this difficult time coming in US. And ppl are fighting against bankrupcy, how then they buy land rovers and jaguars. I personally see a very tight time ahead for tata motors....similar to the one they faced in 2000. (pre indica launch, 500 cr loss etc). My humble 5 paises.

I hold several Tata scrips. Yes, my disappointment is specific to the Jaguar/Rover deal.

Tatas, otherwise as a business house are numero uno.

Originally posted by Rinku Originally posted by Hitesh Shah As 2008 draws to an end, feel free to blame whoever you feel destroyed value or sentiment this year!My votes go to:1. Anil Ambani for his pie-in-the sky IPO and two other IPOs which he had the  "good sense" not to take forward.2. N. Modi for making Gujarat state PSU's contribute 30% PBT to CSR (or election fund).3. Ratan Tata for his stretching Tata Motors too far by acquiring Jaguar. He totally didn't see the economic tsunami that was building up.4. The brass bull outside the BSE .   Dont forget all the Overtly Bullish Brokerages who came with impossible target which wont be seen in years to come

The people who are to be blamed the most are the speculators( or investors,as they call themselves) who thought there was value in certain stocks when there wasn't any. They bought the stake in companies without even knowing what the company is doing. These are the people who have seen their portfolio value eroded by 70-80 % and who are now crying ki "share bazaar satta hai, is sey door raho".

I won't blame the analysts much because giving advice is their job and they are paid to say something, however crap it is. If somebody is buying a company only based on somebody else's word, then only he/she is to be blamed.

I hope with the forums like TED & guidance of senior people like Basant ji/Vivek bhai, people will start realizing this and will be more prudent with their investments.

Abhi.

Edited by jain208 - 05/Nov/2008 at 10:26pm

Economic downturn and consequent lowered EPS expectation would be my choice.