well i recall reading one old RJ interview.......where he mentioned that he invested in mcdowell just on MCAP basis.......his reasoning was Mcdowell was available around 400cr marketcap with around 40% of beer market in india.......so he bought it........i recall he also said about management quality that he didn't put much thought about it.....his mantra was invest first investigate later.

his interview in outlook profit he was talking about JET AIRWAYS in the same way.......that JET is available at such a small market cap

RJ made money in pantaloon which has negative cash flow.

and i also read somewhere about prof mankekar.........and his great theory about valueing company on free cash flow........and the dude made his money in pantaloon..........
and buffett in CNBC interview talked about why he bought in sep - 08 was that the spread for the bank was so large that they were historical high level. banks were borrowing money at almost zero %

well but this guys are biggies...........

to me most of this stuff goes over my head.

i belive best investment are where u don't think too much.......i had that kindda of thought in 2002.....about bhel........that india needs more power......bhel is good company........that's all.
And u don't get into too much variables and that kindda of exotic stuff.

edit : and u also need frigging bull run we just had.... it will take care of all the miscalculation on anyones part. just buy stock cheap.

Edited by chimak10 - 27/Apr/2009 at 8:26pm

Hi Chimak sir,
     You are right. CRISIL and Karur are truely long term holdings and I love both these picks. Infact I own CRISIL and wanted to accumulate Karur but didnt ahve funds. I was just making a statement from some articles I had read long back where the comment was RJ used to be a solid trader at one point and had a lot of insider info. Some of his marginal picks could still be trading calls. Thats all I meant. Have nothing against RJ personally. Infact, I think the guy is a pretty decent fellow. Decent enough that I would marry my daughter off to his son in a heart beat :)...(hypothetical really - neither do I have a daughter nor he a son....just going by what Buffett said once about a CEO that he liked)..:)

plz don't call me sir yarr......i am just a mungerilal.

I just went on a mindless rant...........

Originally posted by chimak10 plz don't call me sir yarr......i am just a mungerilal. I just went on a mindless rant...........

Ok mungerilal sir then :)....but you did bring a great point. I am sure RJ has seen something i these picks