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nitin_jagtap
Senior Member
Joined: 29/Dec/2007
Location: India
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Posts: 1283
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   Posted: 04/May/2010 at 6:39pm |
Ajit jain must have tried to persudae him to invest in India and in a momentary lapse of concentration WB must have said yes ' Why not India' :-)
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Warm REgards
Nitin Jagtap
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valueman
Senior Member
Joined: 29/May/2007
Location: India
Online Status: Offline
Posts: 1134
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Posted: 04/May/2010 at 6:43pm |
Buffett has been highly skeptical of investing outside United States and he started the process of going beyond his comfort zones by first investing in China and then in Isarel .But even in China he removed his investments from China Petro after reaping a bumper profit .Now that investments in USA are getting saturated he is forced to scout outside . But John Templeton was far ahead in looking at Investments beyond United States and even Jim Rogers was bold enough to Quit United States and make Singapore his home as he feels that Asia is the place to be in for this century . But I feel that Buffett has been looking at India right from 2004 and some of his representatives have been visiting India right from 2004 and keeping him informed . < id="gwProxy" ="">< ="jsCall();" id="jsProxy" ="">
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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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funkyappu
Senior Member
Joined: 06/Jun/2009
Location: Angola
Online Status: Offline
Posts: 445
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Posted: 04/May/2010 at 6:55pm |
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The Grand Uncle's American virtues were really taken over by the young 12-yr. old Indian question. The Uncle was definitely paralysed. Such is the Indian prowess.
Plus, That Indian girl should get her name in the Guiness Book of World Records. She started investing when she was 8yrs. old.
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LearningToFly
Senior Member
Joined: 22/Feb/2010
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Posts: 490
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Posted: 04/May/2010 at 7:03pm |
It is good that Buffet is coming to India to invest. The very name of Buffet associated with something gives it much value. No rating agency or propaganda can do what Buffet's simple act of investment can do to generate confidence in a country or company.
I am sure many of us got convinced about bright future of alternative energy when Buffet decided to invest in Chinese firm.
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Success... at all cost.
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j2eeprofessiona
Senior Member
Joined: 13/Sep/2008
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Posts: 968
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Posted: 04/May/2010 at 7:12pm |
Originally posted by basant
Now to the question, what stocks will Buffett buy in India? Insurance, Banks, Consumers the list is limited and conceivable but what may be good for Buffett may not be good for the average Indian investor. Why?
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dont you think infra and healthcare could be compelling buys w.r.t ?
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Jaishrikrishna
Senior Member
Joined: 06/Sep/2008
Location: India
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Posts: 1132
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Posted: 04/May/2010 at 7:12pm |
Originally posted by basant
It is utter contempt to even attempt picking holes in anything that Warren Buffett does but I could not resist myself from putting in a few thoughts relating to the great man’s vision for India that Indian will live better – 20 years hence.First everyone knows that Indians will live better then what they are in 2030. Any attempt to quantify this statement would be boringly repetitive. But Mr. Buffett took about 20 years to predict what Indian would be in 2030. A man of his class and repute should have had his predictions the moment India opened its gates of liberalization in 1991 so here we go, no points for that prediction.Secondly it is bizarre to see why he needs one year prior notice to be in India He can come through his private jet which he has named “The indefensible”. He can use that and be in this country of snake charmers as it was known a few generations earlier. Well, these days we have charmed the richest men from the Forbes list is a giant step for the Investing community but only a small one for India.But why does he need to be In India to invest. From all the history he had invested in quite a few companies without being to the point of operation so the India trip is more for the formality then for the analysis.Indian journalists, brokerages, analysts and research houses should realize that anyone coming to India is doing no favor to us. They are coming here for their returns and the opportunity that India presents. We do not need anyone’s mark of approval to discover ourselves. Indians have already discovered themselves. It is now the turn of the world to discover India.Now to the question, what stocks will Buffett buy in India? Insurance, Banks, Consumers the list is limited and conceivable but what may be good for Buffett may not be good for the average Indian investor. Why?Firstly the Warren through his company Berkshire would intend to invest at least US $ 5 billion in India if that investment is to make any (meaningful) difference to his overall returns. With that kind of a corpus he would look at the top 100 names a few that come to mind are the HDFC twins (after all Deepak Parekh has modeled HDFC on the lines of Berkshire), an operating company that goes into Insurance with an Indian partner. I doubt if he would buy the existing insurance companies because he has his own standards of risk, Indian TV stations are a highly fragmented property and newspapers might just be living on its edge over the next 20 years so that is ruled out, most of the world class consumer companies that exist in India are subsidiaries of their US or European parents so that is not exclusive material either, credit rating agencies less said the better. Buffett likes buying cheap so it might just happen that he buys absolutely nothing from the secondary market and concentrates on how he can get his operating business going. That helps India in the long run but who cares about the long run these days.Personally I feel that we should be proud that at least when it came to investing in India Indians were ahead of the man who has been amongst the top 3 in terms of individual wealth. Whether the process of discovery for Indians about their own stock market was by default (regulations prevent them from investing abroad) or by design is inconsequential. As for Buffett he took longer to invest in India because when he could have bought a company in Israel he could have identified a few outstanding businesses in India but as they say “Better late then never”.
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nicely written...... 
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Don't Buy and Hold, Buy and Homework / Fish see the bait,but not the hook; Men see the profit, but not the peril.
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j2eeprofessiona
Senior Member
Joined: 13/Sep/2008
Online Status: Offline
Posts: 968
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Posted: 04/May/2010 at 7:25pm |
Originally posted by basant
Now to the question, what stocks will Buffett buy in India? Insurance, Banks, Consumers the list is limited and conceivable but what may be good for Buffett may not be good for the average Indian investor. Why?
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dont you think infra and healthcare could be compelling buys w.r.t india?
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2neeram
Newbie
Joined: 26/Dec/2009
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Posts: 15
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Posted: 04/May/2010 at 7:36pm |
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I think he will come do some social cause like Polio medication for rural areas, things of nature with press covering and photos flashing.
Then meet in politicians to press for opening up more areas for foreign ownership - which will not happen in the immediate future.
The problem with most Americans, America is best and they tend to forget there are 5.6 billion population in the planet.
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