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BubbleVision
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Joined: 05/Aug/2006
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   Posted: 10/Jan/2007 at 7:37pm |
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Very good post along with a lesson for life...You have to keep running (growing) to stay where you are (to maintain value).
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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xbox
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Joined: 10/Sep/2006
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Posts: 2001
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Posted: 10/Jan/2007 at 5:33am |
This wealth-table shows very interesting point to all of us. It says one can buy luck by patience in stock-markets. I mean how many ppl who picked Unitech or martrix lab in 1996 are still holding it (except promoters). With great confidence I can say nearly zero. And did they picked these companies dues to some fundamental stories, EPS, ROE etc etc. Certainly not. In 1996, one can hardly envisage real-estate boom like now or pharma outsourcing like today. Anybody who picked these shares of INFY or smiler items in those times he or she picked based on promoter's promise/pedigree or may be just a punter's call. But real fun is holding it for 10 years.
All I am saying identify 2-3 strong promoter's stock and (if possible in correct sector although it is optional) and sleep on that. Like Basant jee did with Pantaloon. Even if one of those clicked, one will live his/her dream but bottom-line lies in patience. One can only increase it's luck by subscribing to patience.
So I guess, Astha and Sanskar channels should be clubbed with CNBC's bookie to pacify always_hungry, confused, ever_serarching, never_satisfied, no_multibagger_feeling, always_envy soul.
Om shanti-h shanti-h shanti-H..
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Don't bet on pig after all bull & bear in circle.
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basant
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Posted: 10/Jan/2007 at 8:17am |
Vipulji you make an excellent point but think of some one who bought Unitech in 1996 and then the stock did not move while there were the DSQ's, Infosys and satyam all flying around the nose!!!
I think that buying and holding Unitech from 1996 could only be accidental. It could not have been planned but as they say it might have just happened. But it was all right and quite normal to buy it around 2003 when it was at Rs 50 odd and even from there it has been up multi fold.
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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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xbox
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Joined: 10/Sep/2006
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Posted: 10/Jan/2007 at 8:37am |
Correct Basant jee, Stock picks are accidental otherwise most knowledgeable ppl will own most of these multi-baggers. One met with such accidents and then later justify it's pick in terms of roce, pe et. etc.
Most money is made when stock is unknown known as accidents. Owning known is a plan. This table indicates accidents have upper hand over plan.
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Don't bet on pig after all bull & bear in circle.
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vip1
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Posted: 10/Jan/2007 at 9:21am |
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The Rip-Wan-Winkle concept(the person who slept for 10 years applies here) but the challenge is to SLEEP WITH EYES OPEN.
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BubbleVision
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Posted: 10/Jan/2007 at 9:40am |
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I would say that maximum wealth creation for a shareholder happens when Talent and Hardwork (of the shareholder or fund manager) meets an Opportutnity (of the stock).
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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basant
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Posted: 10/Jan/2007 at 10:14am |
Originally posted by vip1
The Rip-Wan-Winkle concept(the person who slept for 10 years applies here) but the challenge is to SLEEP WITH EYES OPEN. |
Well said. "Sleep with eyes open"! SOmething like Omshivaya's well analogy. DIscussing this does not guarantee its implementation but it surely creates an option. 
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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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prosperity
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Posted: 18/Jan/2007 at 4:46pm |
Even though i understand/agree with the basic message that this particular topic is conveying....
YET, RELIANCE INDUSTRIES (RIL) IS AN EXCEPTION !
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