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omshivaya
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Joined: 06/Sep/2006
Location: India
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Posts: 5966
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   Posted: 16/Mar/2007 at 5:22am |
Originally posted by deveshkayal
Originally posted by kulman
Good thread, Devesh jee.
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Kulmanji dont thank me...Thank that person to whom we have been doing till now...Basantji... |
Wah Wah! Kitne Uttam Vichar hain!!
No...on a serious note, you are right Devesh ji.
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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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us121
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Joined: 03/Dec/2006
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Posts: 442
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Posted: 16/Mar/2007 at 10:10am |
i recently came across a very good web page:
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ABILITY will get u at d top. CHARACTER will retain u at d top
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kulman
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Joined: 02/Sep/2006
Location: India
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Posted: 17/Mar/2007 at 5:13pm |
"Timidity prompted by past failures causes investors to miss the most important bull markets"---WALTER SCHLOSS
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Life can only be understood backwards—but it must be lived forwards
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basant
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Location: India
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Posted: 17/Mar/2007 at 5:25pm |
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Owning stocks is like having children – don’t get involved with more than you can handle. The part- time stock picker probably has time to follow 8-12 companies, and to buy and sell shares as conditions warrant. There don’t have to be more than 5 companies in the portfolio at any one time - Peter Lynch
Edited by basant - 17/Mar/2007 at 5:28pm
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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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deveshkayal
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Joined: 04/Sep/2006
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Posted: 18/Mar/2007 at 5:22pm |
Managements can be guarded, especially if they know we [Acorn fund] own a lot of their stock. But their competitors will usually talk freely about them. It's like trying to find out about a young lady you are interested in. If you ask her mother, you are certainly going to get a different perspective than you would if you asked the boyfriend she has broke up with. We like to hear what the boyfriend has to say."
Ralph Wanger
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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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basant
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Posted: 18/Mar/2007 at 6:25pm |
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Excellent thought Devesh but I use the girl's mother to find out what all similar minded girls in the locality (industry) are doing. We can therefore create opinions about specific girls (companies) once the general trend has been established.
Edited by basant - 18/Mar/2007 at 6:34pm
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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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India_Bull
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Joined: 19/Sep/2006
Location: United States
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Posted: 18/Mar/2007 at 6:54pm |
Reverse is also True..
When Hundreds of people are talking about market going down further , its time to start buying. 
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India_Bull forever Bull !
www.kapilcomedynights.com
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posted: 19/Mar/2007 at 2:54pm |
Buying and holding is far from the sure thing it's made out to be. It works in bull markets. It works if you invest regularly, in dribs and drabs, catching the ups and downs along the way. It works in mild bear markets, when the decline are quickly reversed. It may work if you've got twenty years to wait for stock to recover from a half-off sale. Otherwise, it's risky. It's very risky when you're holding stocks you bought at extravagant prices. It's extremely risky when your retirement depends on a positive result and you're planning to take up golf in a decade or less."
John Rothchild
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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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