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PrashantS
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Joined: 14/Oct/2006
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   Posted: 14/Feb/2007 at 11:09pm |
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but is holding some cash in hand a bad idea...say 5 to 10 %?
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deveshkayal
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Joined: 04/Sep/2006
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Posted: 14/Feb/2007 at 11:44pm |
Originally posted by kulman
I had thought about some place named Red Lounge or something in some Mall-cum-multiplex either in Kandivali/Malad/Andheri. |
Red Lounge is a part of Cinemax screen in Andheri. the ticket price starts from 300.
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"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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kulman
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Joined: 02/Sep/2006
Location: India
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Posted: 14/Feb/2007 at 12:04pm |
Is it popular, does it draw crowd? What all is included in 300 bucks?
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Life can only be understood backwards—but it must be lived forwards
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deveshkayal
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Posted: 14/Feb/2007 at 12:19pm |
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All the TV stars and Movie stars come here for being in Lokhandwala.. not for a people like me. I dont know what they give for 300 bucks. I think PVR also the same thing in Bangalore. There they provide snacks.
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"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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monu_duggad
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Joined: 07/Sep/2006
Location: India
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Posted: 14/Feb/2007 at 12:29pm |
Prashant...
Holding cash is never a bad idea....u can deploy it on correction days like today...again it depends on investor...if u r ultra-aggressive u will be 100 % invested all the time...
if u r cautious BULL...u will carry some cash in hand..
and..
if u r mungerilal...u will always hold more than necessary cash and "wait on sidelines" to "buy on dips"...am i rite kulmanji ?.....as mr bhag lega was holding 15-20 % cash in sep when markets had touched 11000
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If you think you can,You Can
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kulman
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Joined: 02/Sep/2006
Location: India
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Posted: 14/Feb/2007 at 12:43pm |
"wait on sidelines" to "buy on dips"...am i rite kulmanji ?.....
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And also some exotic terms like "start nibbling", "get your toes wet", ""bottom fishing" !!!
I wonder what this all means really. Maybe vagueness & ambiguity are pre-requisites to become "expert analyst".
Kuchh nahin toh "having said that" ka sahara hain na!
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Life can only be understood backwards—but it must be lived forwards
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vivekkumar_in
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Joined: 19/Sep/2006
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Posted: 14/Feb/2007 at 3:33am |
I don't think that is entirely true.. Two of Buffet's major holdings were in American Express & Wells Fargo Bank.. American Express asa Credit Card company & Wells Fargo as a Bank & Lender I belive Buffet did have exposure to rate sensitive companies...
But his view point is the cycle (inflation - economy overheating - interest rate hike - liquidity crunch - economy slow down/recession - Housing markets down - Feds easing interest rates - Sun shines again..) happens over and over again in a period of economic growth.. A good bank/lender will survive & grow stronger..So he bought a good bank with predictable earnings at a good price.. Why bother about these interest cycles was his theme...
Edited by vivekkumar_in - 14/Feb/2007 at 3:40am
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Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
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PrashantS
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Joined: 14/Oct/2006
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Posted: 14/Feb/2007 at 10:45am |
monu ji... i do hold 10% cash .Otherwise i will be broke.emrgency situations like a 1000 point correction I can make something when it recovers .and i bet if i deploy those 10% and wait i cant go bargain hunting .It is like pocket money.I am a greedy investor ..always want to make profits and stay in the green.  Honestly speaking i am small guy with small goals everyday (not in the markets, in my life too ,staying cautiou isnt a bad thing i guess)..i cant be like Warren buffet and Lynch . But i will learn everyday and get better.I dont know how mungeris are ,may be i am one
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