Basant Sir, in investing I beleive and again I must reiterate its entirely my personal opinion that you must leave certain things for the markets to make happen.....we cannot force things on market. Am not against your compounding logic, the only thing I am asking is does it happen that ways? Sure, its in everybody's ambit to dream big , thin big, plan big..... but in stocks execution will always be done by market. All i intended to say was to achieve the set target by making correct switches at times....by mixing aggression, moderation and defence, so that at no point we look fatigued to achieve your goal. Basant Sir, without getting into names, a person like you easily generate a 100 timer in 10 years.....and that too without risk in case you have met with the initial success....
Suppose, you made a 50-timer in 4 years.... now making a 100 timer is extremely easy.....you simply need a Zero Coupon Bond with a YTM of 12% p.a for 6 years and you will have a 100 timer at the end of 10 years. All, I intended to say was that sticking to 1 company for 100 times returns is somewhat dangerous......and when the goal can be achieved simply then one must try to reduce risk so that the ultimate goal be achieved.
As for myself,as you indicated, one may have have different approaches....I keep very very simple goals.... I really dont have wealth targets, for i dont like to devote time on what is not in my hand.... however, i have my cash flow targets, for in my opinion, its the liquidity which gives one an emotional strength to tide over difficult times. I dont need X crores of wealth with no money in my deposit account.
True, I am argumentative but want to see something emating from arguments. It may get heated, to which also I dont have any objection, however, intention must not be misinterpreted, for then it becomes a bad fight, a muddle which I have no desire to enter into. I didnt give the Infosys example to show down.... it was an illustration to show my point. As i mention again and again, i am a naive person with practically little or no experience, its simply that I have been plain and simply lucky. Just that I cant say anyone stupid because he or she missed out or lost because tomorrow any one of us may be the loser.I will always blame myself for my loss but every sucess I have, I will atribute it to grace of God....its just a way of keeping myself humble before the Markets. I have seen people traumatised by the markets, so I fear that Invisible Hand....
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