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LearningToFly
Senior Member
Joined: 22/Feb/2010
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Posts: 490
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   Posted: 10/Nov/2010 at 11:35pm |
While RJ is great and we all admire his investing skills, we can discuss this without dragging buffet in the discussion and somehow showing that RJ is greater.
Do we need to do that? I mean what Buffet did can be done by anybody. He got insurance money. so what? Who has stopped Peter Lynch, Seth Clarman, or RJ to buy an insurance company or build an insurance company and do the same.
We all forget that Buffet, apart from a legend investor, is an extraordinary businessman. Our comments are not going to make an iota of difference in the fact that he is the most successful inverstor in the history of mankind.
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Success... at all cost.
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excel_monkey
Senior Member
Joined: 17/Nov/2009
Online Status: Offline
Posts: 1281
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Posted: 10/Nov/2010 at 11:50pm |
Agreed, Buffet would never buy 100K shares of Visaka and Orchid Chem in bulk deal (so that everybody in the market knows what he has bought)
the stocks would go up on his entry and
his benami companies who have already bought ample of share before the block deal start dumping the shares at higher price in the market 
this is what RJ calls as trading profit
Originally posted by LearningToFly
While RJ is great and we all admire his investing skills, we can discuss this without dragging buffet in the discussion and somehow showing that RJ is greater.
Do we need to do that? I mean what Buffet did can be done by anybody. He got insurance money. so what? Who has stopped Peter Lynch, Seth Clarman, or RJ to buy an insurance company or build an insurance company and do the same.
We all forget that Buffet, apart from a legend investor, is an extraordinary businessman. Our comments are not going to make an iota of difference in the fact that he is the most successful inverstor in the history of mankind. |
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NagarajB
Groupie
Joined: 12/Nov/2008
Location: India
Online Status: Offline
Posts: 54
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Posted: 10/Nov/2010 at 7:20am |
Originally posted by valuepicks
Yeah, that 'probability' approach sounds more like VC/PE fund manager style. They experiment with all new ideas in the market - dotcom, biotech, biofuels, restaurants, service apts, and what not - with a clear understanding that ONLY some of them will eventually survive!
At least in VC/PE approach, they get the valuations cheap!
Originally posted by basant
For anyone who tries to be big, the risk is in the initial phase but once the capital had been created they try to control the risk , never let the greed control them.
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I would like to relate this approach you mentioned to companies hiring Ivy league grads for exorbitant salaries(Read IIMs/Harvard etc) I happened to ask one of the exces from a top firm why they do this - even when it is not known if he/she can produce such a result yet! and the response was we hope 1 among these 20 we have hired will produce extraordinary results.
In nature too we find this: 250 tons of ore must be mined to produce one-carat gem quality polished diamond!! phew 
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Regards,
Nagaraj
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Ravenrage
Senior Member
Joined: 21/Jun/2010
Location: India
Online Status: Offline
Posts: 859
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Posted: 10/Nov/2010 at 10:03am |
Over the last 1 year , then HDFC Sec has given better returns than RJ ! 
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valuepicks
Senior Member
Joined: 10/Mar/2009
Location: India
Online Status: Offline
Posts: 180
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Posted: 10/Nov/2010 at 11:21am |
Originally posted by LearningToFly
Our comments are not going to make an iota of difference in the fact that he is the most successful inverstor in the history of mankind. |
LearningToFly, this is a tricky topic to discuss. Knowing RJ's known wealth is over 5K crs and many RJ-admirers and idolizers here, we are still discussing if RJ is a blackswan...so, in a way, this is gutsy! 
I have great respect for both RJ as well as WB - as i myself am trying to imbibe their methodologies adopted in creating such large wealth and also certain principles-of-investing advocated, directly or indirectly.
I know, my comments would neither reduce their wealth nor add to mine . my comments were merely some contraditions noticed to my perception about them.
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Investment Rule #1: Do not lose capital. Rule #2: Do not forget Rule #1 - Warren Buffett.
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aniljain
Senior Member
Joined: 20/Sep/2009
Location: India
Online Status: Offline
Posts: 238
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Posted: 11/Nov/2010 at 5:10pm |
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Market are always random they will fool you by unexpected move. One has to behave rational to earn sustainable return in long term.one who have developed his mind based on rational behavior will suceed his move in market again and again which bring self confident in him.And that self confident will give power to his rational behavior in uncertainty to generate alpha to beat power of passiveness or irrational behavior. For him his capital or people's capital doesn't matter he will succeed.For him power of Activeness is best suited so he will always be bias toward activeness or enterprise. One who doesn't possess this ability will always fool by randomness and he will hammered again and again which bring self depressness in him.For him power of passiveness is best tretment to heal wound in other word passive investment (indexing)is best suited so he will always be bias toward Passiveness or indexing. This is life cycle of behavior.
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Investment is an art, not science
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NagarajB
Groupie
Joined: 12/Nov/2008
Location: India
Online Status: Offline
Posts: 54
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Posted: 11/Nov/2010 at 6:39pm |
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Just one another thought. I was reading the forbes magazine edition october issue on "The 100 richest people in India" and my observation is the people on that list, many of them have become billionaires having just shares from 1 company. Say Infosys 2-3 folks; Educomp; pidilite, ambani etc etc. So if you can get large amounts of shares of a successful business (just one) the wealth is good enough for generations. No more incremental investments, no more trading !!!
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Regards,
Nagaraj
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kmp_saij
Senior Member
Joined: 19/Feb/2010
Online Status: Offline
Posts: 277
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Posted: 11/Nov/2010 at 6:55pm |
Originally posted by LearningToFly
While RJ is great and we all admire his investing skills, we can discuss this without dragging buffet in the discussion and somehow showing that RJ is greater.
Do we need to do that? I mean what Buffet did can be done by anybody. He got insurance money. so what? Who has stopped Peter Lynch, Seth Clarman, or RJ to buy an insurance company or build an insurance company and do the same.
We all forget that Buffet, apart from a legend investor, is an extraordinary businessman. Our comments are not going to make an iota of difference in the fact that he is the most successful inverstor in the history of mankind. |
Well Said... 101% agree...
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Own whatever’s feared, shun whatever’s beloved.
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