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Posted: 29/Feb/2008 at 4:47pm
Originally posted by nitin_jagtap
While RJ was confused ...SA was clear saying that the case for moving into equity was based on the 7-8% that debt could offer ..if equity can give more than this we move to equity ...moving to cash was not suggested by anyone atleast in a obvious manner.Bottomline is if we find a price worth it ..we buy it ...liquidity will find its way.
I completely agree with SA views .
To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks .
Benjamin Graham.
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Posted: 29/Feb/2008 at 4:55pm
Valueman, At a personal level I did what SA suggested as per my posting just before yours on this thread which you may not have read.Let me see how that turns out for me.A 20 per cent slide that you consider possible is not something I would be happy about and thats probably what RD meant. Pessimism as applied to RD is a word used just to indicate his stance relative to other 3 on short term market prospects.His core holdings are,I am sure,intact as he too is a great long-term bull like us.
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Posted: 29/Feb/2008 at 5:10pm
Originally posted by Ajith
Valueman, At a personal level I did what SA suggested as per my posting just before yours on this thread which you may not have read. Pessimism as applied to RD is a word used just to indicate his stance relative to other 3 on short term market prospects.His core holdings are,I am sure,intact as he too is a great long-term bull like us.
If the discussion was on short term then I have nothing much to say on that but if it is for the long term then I feel this is the best time to invest in phases of correction .
Among the 3 I found SA talking with lot of common sense .
To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks .
Benjamin Graham.
Joined: 06/Aug/2006
Location: India
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Posts: 1284
Posted: 29/Feb/2008 at 5:17pm
The discussion was only on the short term and so we can leave it at that. SA is of course the most impressive with lots of enthusiasm , ideas and intelligence.Was he a topper at IIT or IIM? One of the 2.
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Posted: 29/Feb/2008 at 8:45pm
FROM THAT INTERVIEWI LEARNT A NEW WAY OF INVESTING wake up in the middle of the night and lookat BRAZIL, and MEXICO early morning look at TOKYO dont forget SHANGAI AND BY AFTERNOON LOOKAT EUROSTOXX but dont bother to look at the fundas and valuations of some good indian businesses. btw BRAZIL has becom anew word in town never was brazil given so much importance for the last 4 yrs
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
It was SA all the way. He caught RD also. It seems like SA watch CNBC with great interest !!
"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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