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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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   Posted: 03/Jul/2008 at 9:02pm |
Ha Ha Ha! Nice one Basant jee. Well, glass empty or glass full...we all have bundles of stories to support each case dont we?
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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
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catcall
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 1076
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Posted: 03/Jul/2008 at 10:13pm |
Bear market wisdom from a "wise" old cat : here and here
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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Ajith
Senior Member
Joined: 06/Aug/2006
Location: India
Online Status: Offline
Posts: 1284
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Posted: 03/Jul/2008 at 10:24pm |
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In this market I am finding it difficult to post an
opinion on a stock considering the uncertainty and variables.Probably
the best time to buy is emerging as in but not as slowly as in the bear
market of 1986-88 .
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Ajith
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vijayM
Senior Member
Joined: 21/Dec/2007
Location: India
Online Status: Offline
Posts: 649
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Posted: 03/Jul/2008 at 11:02pm |
Yesterday night on ndtvprofit, we had an interview of MD of HDFC Bank where he was mentioning the irrational behaviour of market now a days. He was confident of 8% GDP growth for India and 25% growth for HDFCBank. With this information we can project a 2 year target of 1850 for HDFC bank implying a great stock pick.
discl: I hold the stock bought at 1440.
vijayM
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If a business does well, the stock eventually follows:Warren Buffett
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Mohan
Senior Member
Joined: 09/Feb/2007
Location: United States
Online Status: Offline
Posts: 1855
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Posted: 03/Jul/2008 at 11:49pm |
Originally posted by kulman
Originally posted by omshivaya
This too shall pass! Stay calm and let's have some real chilled beer. Yummy! |
Yeah, Pappu pass ho jayega.
On a side note, kuchh aise bhi Pappu hain: And Pappu, 74, fails once again!
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Has anyone considered the possibility that maybe Pappu does not want to get married.
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Be fearful when others are greedy and be greedy when others are fearful.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 05/Feb/2009 at 5:07pm |
Originally posted by MissingLink
Originally posted by kulman
Originally posted by investor
... i think being in cash is actually increasing your purchasing power as the price of most other assets(realty, equity, etc) is falling day by day.
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Absolutely right.
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Just like realty and equity, cash is also an asset (a claim on past labour) and excess of cash devalues the cash and reduces the purchasing power of Cash.
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Ummm....it does. The point which Mr. Investor trying to make (as I understood it) is a bit like this:
m/s John, Jaani & Janardan had Rs.100 each in the share market in Jan'08.
1. John is still holding the same shares, the market value of which is say Rs. 30. (The wealth erosion is 70%)
2. Jaani had sold half of his portfolio then. So now his shares are worth Rs. 15 plus cash Rs. 50 totalling Rs. 65. (Wealth erosion is 35%)
3. Janardan is amongst really smart & lucky few who sold all shares then. He is still holding cash of Rs. 100
Today with Markets hitting newer lows, Jaani & Janardan, with the cash they have are able to invest into 3x or 4x quantity of shares. So actually their cash is very valuable now.
Note: For the sake of calculation simplicity interest earned on FD, TDS thereon & inflation are not considered.
Edited by kulman - 05/Feb/2009 at 5:08pm
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Life can only be understood backwards—but it must be lived forwards
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kanagala
Senior Member
Joined: 31/Mar/2007
Location: India
Online Status: Offline
Posts: 1229
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Posted: 05/Feb/2009 at 11:28am |
Originally posted by kulman
Ummm....it does. The point which Mr. Investor trying to make (as I understood it) is a bit like this:
m/s John, Jaani & Janardan had Rs.100 each in the share market in Jan'08.
1. John is still holding the same shares, the market value of which is say Rs. 30. (The wealth erosion is 70%)
2. Jaani had sold half of his portfolio then. So now his shares are worth Rs. 15 plus cash Rs. 50 totalling Rs. 65. (Wealth erosion is 35%)
3. Janardan is amongst really smart & lucky few who sold all shares then. He is still holding cash of Rs. 100
Today with Markets hitting newer lows, Jaani & Janardan, with the cash they have are able to invest into 3x or 4x quantity of shares. So actually their cash is very valuable now.
Note: For the sake of calculation simplicity interest earned on FD, TDS thereon & inflation are not considered.
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I should be holding 2X quantity if i have waited. How did i make this huge mistake.
Edited by kanagala - 05/Feb/2009 at 11:29am
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While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 05/Feb/2009 at 11:40am |
| I should be holding 2X quantity if i have waited. How did i make this huge mistake. |
That is because you do not have the right to work with hindsight notions.
If markets fall 50% from here we can crib about the same thing and if markets rise 50% we can work the anecdote on the reverse but the basic point remains that we cannot go back into history and change the clock. At least I know of no one who was bullish from 2003-08 and went bearish in January 2008.
Being in the market is about taking the pain with the gain and if we cannot take the pain then this is not the place to be in.
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'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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