Value / Sentiment Destroyers - 2008
Printed From: The Equity Desk
Category: Economy, Markets and commodities
Forum Name: Indian Economy - Powering Ahead!
Forum Discription: Talk about various facets of the Indian economy, it could relate to GDP growth, inflation, fiscal deficit, disinvestments.Is India at the crux of becoming an economic SUPERPOWER?
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=1959
Printed Date: 04/May/2025 at 8:35pm
Topic: Value / Sentiment Destroyers - 2008
Posted By: Hitesh Shah
Subject: Value / Sentiment Destroyers - 2008
Date Posted: 05/Nov/2008 at 7:34pm
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As 2008 draws to an end, feel free to blame whoever you feel destroyed value or sentiment this year! My votes go to: 1. Anil Ambani for his pie-in-the sky IPO and two other IPOs which he had the "good sense" not to take forward. 2. N. Modi for making Gujarat state PSU's contribute 30% PBT to CSR (or election fund). 3. Ratan Tata for his stretching Tata Motors too far by acquiring Jaguar. He totally didn't see the economic tsunami that was building up. 4. The brass bull outside the BSE  . |
Replies:
Posted By: kaushalchawla
Date Posted: 05/Nov/2008 at 9:36pm
I like Ratan Tata a lot. Though it was a good feeling that Jaguar is now owned by an Indian company, at the same time I was sad as well as i personally felt that it wasnt a good time buy it at all as i felt / thought / sensed this difficult time coming in US. And ppl are fighting against bankrupcy, how then they buy land rovers and jaguars. I personally see a very tight time ahead for tata motors....similar to the one they faced in 2000. (pre indica launch, 500 cr loss etc). My humble 5 paises. ------------- Warm Regards, Kaushal |
Posted By: Hitesh Shah
Date Posted: 05/Nov/2008 at 9:42pm
I hold several Tata scrips. Yes, my disappointment is specific to the Jaguar/Rover deal. Tatas, otherwise as a business house are numero uno. ------------- |
Posted By: Rinku
Date Posted: 05/Nov/2008 at 10:00pm
Dont forget all the Overtly Bullish Brokerages who came with impossible target which wont be seen in years to come
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Posted By: jain208
Date Posted: 05/Nov/2008 at 10:25pm
The people who are to be blamed the most are the speculators( or investors,as they call themselves) who thought there was value in certain stocks when there wasn't any. They bought the stake in companies without even knowing what the company is doing. These are the people who have seen their portfolio value eroded by 70-80 % and who are now crying ki "share bazaar satta hai, is sey door raho". I won't blame the analysts much because giving advice is their job and they are paid to say something, however crap it is. If somebody is buying a company only based on somebody else's word, then only he/she is to be blamed. I hope with the forums like TED & guidance of senior people like Basant ji/Vivek bhai, people will start realizing this and will be more prudent with their investments. Abhi. ------------- ======================================= The more it changes, the more it’s the same thing. |
Posted By: Mohan
Date Posted: 05/Nov/2008 at 12:07pm
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I have no one to blame as Finally, I am responsible for my own decisions. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: subu76
Date Posted: 05/Nov/2008 at 12:16pm
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Economic downturn and consequent lowered EPS expectation would be my choice.
The froth in the market ensure that we fell more than 50% as opposed to 30-35% like the US.
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Posted By: Vivek Sukhani
Date Posted: 06/Nov/2008 at 6:54pm
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I hope with the forums like TED & guidance of senior people like Basant ji/Vivek bhai, people will start realizing this and will be more prudent with their investments. Abhi.[/QUOTE] Now what did I do......dont place me in the league of greats......I am an ordinary investor, not fit to guide anyone.
I agree with Mohan Sir.....I have nobody to blame. ------------- Jai Guru!!! |
Posted By: ThinkDifferent
Date Posted: 06/Nov/2008 at 7:58pm
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Lenders and Borrowers... ------------- I am an Amateur in Stocks. |
Posted By: Hitesh Shah
Date Posted: 06/Nov/2008 at 8:39pm
Somewhat related to this thread
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Posted By: Hitesh Shah
Date Posted: 19/Dec/2008 at 12:42pm
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Satyam!
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Posted By: basant
Date Posted: 19/Dec/2008 at 1:38pm
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The Media with the help of self styled analysts who have no accountability. See Japan's GDP between 1964 and 1989 many atimes the country went from 10% to 6% GDP but then bounced back in two years but here we are painting a doomsday scenario as if the world will come to an end!
------------- '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 |
Posted By: sugandhi24
Date Posted: 19/Dec/2008 at 5:32pm
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The mega Reliance Power and Future Capital IPOs that sucked out liquidity from the market in the begnning of the year itself. People went into a frenzy to open demat accounts. Banks even opened 8-10 lakh accounts in a week. everybody borrowed left right and center to subscribe to these.. thank god this correction has put all IPOs on a back-seat. ------------- All people have the right to stupidity but some abuse the privilege. |
Posted By: nitin_jagtap
Date Posted: 19/Dec/2008 at 6:24pm
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IMO nobody but our greed needs to be blamed. Each one is responsible for our own actions and deeds (well atleast in the stock market) :-) ------------- Warm REgards Nitin Jagtap |
Posted By: arunshah2k
Date Posted: 19/Dec/2008 at 6:54pm
| Shankar Sharma and his views getting vindicated in 2008 !!! |
Posted By: Hitesh Shah
Date Posted: 19/Dec/2008 at 7:10pm
I am replying to this particular post because it reflects the views of several others. I disagree to a large extent. No one can disagree with the view that we as individuals are responsible for our own actions. But what about the actions of others? Are we to accept those value- / sentiment-destroying actions passively? If that is the case, then CEOs and, in some cases, governments will escape blameless. Isn't that a logical conclusion? Or is the implication that by entering the share market, we are greedy and deserve to be swindled? If that is so, why do we have SEBI? Why does the US have the SEC? Why does the UK have the SFO (serious fraud office)? In conclusion, one's investment decisions and one's own money management are one's responsibility, but to say that we should not look at the role of governments, companies, rating agencies, etc. is questionable and a cop out. ------------- |