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Equity Buff
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Quote Equity Buff Replybullet Topic: Dollex Industries.
    Posted: 14/Sep/2006 at 6:21pm
Dear Basant,
 
If you could have a look at Dollex Industries which is into manufacturing Ethanol. I do not know much about this company except that I am told they are planning big in Ethanol production.
 
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Quote kulman Replybullet Posted: 14/Sep/2006 at 7:54pm

I do not have my own opinion on Ethanol, because too much depends on Regulators and God knows what happens when there is supply glut.

It appears that one the biggest beneficiaries of this boom would be Machinery suppliers like Praj or Alfa Laval.
 
Here is a take from Warren Buffet on Ethanol:
I don’t know enough to figure out what the return on capital of an ethanol-related investment might be over the next 5 or 10 years. It’s easier to predict how many people will be drinking Coke or eating candy. I don’t know anything about the government regulation of ethanol production and use and how that might change. But I know it’s easy to raise money for ethanol-related investments lately. It’s a hot area. That’s usually not a good sign. My son is the head of the ethanol board for the state of Nebraska. If he starts getting richer than I am, then I’ll be interested. There’s no question interest in ethanol will grow. But agri processing businesses tend to have low returns on capital. I don’t see how you gain a big competitive advantage.
 
 
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Quote basant Replybullet Posted: 14/Sep/2006 at 8:06pm
Great work Buffman! I like these small pearls of wisdom that you seem to leave everywhere on the forum!
'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 Equity Buff Replybullet Posted: 14/Sep/2006 at 9:50pm

Dear Kulman,

Fantastic !! You come up with great quotes of Mr. Buffet. Where do you find so many quotes of the great man ?
 
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Edited by Equity Buff - 23/Sep/2006 at 6:53pm
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Quote Equity Buff Replybullet Posted: 14/Sep/2006 at 10:15pm
Dear Kulman,
 
In the above message it should read "Where do you find so many quotes of the great man ?
 
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Quote kulman Replybullet Posted: 14/Sep/2006 at 10:54pm
Well EquityBuff, I got to know about Buffet very late in my life (only 2 years back, I'm 40 now). I wish I could have known about him when I was younger in 20s.
 
Since that time, my whole outlook changed, not only towards investments, but also towards life. For me, he is a legend, God-like figure (by the way, I'm an Atheist). I have highest regard and respect for this gentleman who has donated huge sum recently to the Gates Foundation!
 
Even if we try to adopt few of of his thoughts in everyday life, it will make a profound change for sure. My family members often pull my leg for being such a staunch Buffet fan.
 
Since last 2 years I have been reading whatever I lay hands on about  Buffet: books, articles, references, net sites etc. Most of his teachings and preachings are through witty remarks and anecdotes.
 
I strongly recommend reading his annual reports, letters to shareholders available for free download from his company website: http://www.berkshirehathaway.com (Look at the simplicity of his webpages design, mind you it is a Multi-Billion Dollar empire)
 
 


Edited by kulman - 14/Sep/2006 at 10:55pm
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Quote Equity Buff Replybullet Posted: 14/Sep/2006 at 11:14pm
Dear Kulman,
 
Even I have the highest respect and admiration for the great man Mr. Warren Buffet. Not only is he the greatest investor of all time but he is also a great philanthropist. No matter how rich a person is, it takes a heart of platinum studded with diamonds, rubies and pearls to donate the kind of money Mr. Buffet donated to the Gates foundation. Truly a remarkable human being !!
 
Kindly do us a favour and post one quote of Mr. Buffet everyday. This can be started as a seperate topic/section for example "Great Quotes from Great Investors". We can all learn a great deal from these quotes.
 
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Quote Equity Buff Replybullet Posted: 15/Sep/2006 at 6:20pm
 
Dear Kulman,
 
What do you have to say to my suggestion in my above email ?
 
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