April 16, 2014 Leave a comment
For Whom Wealth Matters
April 16, 2014 Leave a comment
Filed under Theory, Tool Kit Tagged with investing time effort and emotion in your children, postaday
Brahmin nirdhan hoga to Sudama, or apmanit hoga toh Chankaya banega, naye raaj ki sthapanaa kar dega (if a Brahmin is poor he will be Sudama –a friend to Krishna who honoured him — and if insulted will be Chanakya and establish a new order).
You work to earn, and earn to give. But I don’t believe in donating for charity sake. Always link philanthropy to economic growth.-SP Hinduja
Always do it yesterday rather than tomorrow.-The best advice SP Hinduja got from his father Parmanand Deepchand Hinduja
April 13, 2014 Leave a comment
We don’t do anything political, just whatever’s in the interest of the mother country. That’s our basic principle on which we do good business.-SP Hinduja
April 13, 2014 Leave a comment
Corruption has been there since the Ramayana and Mahabharata. The question to ask at any point is: is evil greater than good or vice versa?-SP Hinduja
April 13, 2014 2 Comments
I often feed the squirrels on my walks in St James Park and I always notice how if you throw two peanuts at them, they will always take only one and save the other. They finish the first, and only then come back for the other.-SP Hinduja
April 11, 2014 4 Comments
In 2001 and 2002 I lost all my money through bad investing. The same thing happened to me on a couple of occasions after that.So why should anyone listen to me about investing? You shouldn’t. You shouldn’t listen to anyone at all about investing. This is your hard-earned money. Don’t blow it by listening to an idiot like me.Here’s my experience (and perhaps I’ve learned the hard way about what NOT to do and a little bit about what TO do.
I’ve run a hedge fund that was successful. I ran a fund of hedge funds, which means I’ve probably analyzed the track records and strategies of about 1000 different hedge funds. I’ve been a venture capitalist and a successful angel investor (I was a HORRIBLE venture capitalist though – but I put that under the category of “does not work well with others”).I can’t raise money anymore. Nor do I want to play that game. I don’t BS about my losses and everyone else does. So I’m not in that business anymore. It’s too much work to run a fund anyway.
In the past 15 years I’ve tried every investing strategy out there. I honestly can’t think of a strategy I haven’t experimented with. I’ve also wrote software to trade the markets automatically and I did very well with that. And I’ve written several books on my experiences investing, with topics ranging from automatic investing to Warren Buffett, to hedge funds, to long-term investing (my worse-selling book, “The Forever Portfolio”, which has sold 399 copies since it came out in December 2008, including one copy for the entire last quarter).Incidentally, why publish a book called “The Forever Portfolio” during the worst financial crisis in history. I begged my publisher (Penguin) to postpone but they couldn’t. “It’s in the schedule” was their magic incantation. Publishers largely suck. The good news is: they will never make back the advance. That said, all of the picks in that book have done excellently since then but the one thing I am proud of is that I made a crossword puzzle for the book. I don’t know of any other investing book with a crossword puzzle in it. So, Ok! Let’s get started. Don’t follow any of my advice. This is advice that I do and follow and it works for me.
I’ve seen it for 20 years. I’ve seen every scam. I can write a history of scams in the past 20 years. Without describing them, here’s the history: Reg S, Calendar trading, Mutual fund timing, Death spirals, Front running, Pump and Dump, manipulating illiquid stocks, Ponzi schemes, and inside information. Inside information has always existed and always will exist.
With Coke, Buffett knew that everyone in the world would be drinking sugared water before long. Who can resist? He also started buying furniture companies right before the housing boom. He knew that as the population in the US grows, people will need chairs to sit on.Note that Buffett is not what some people call a “Value investor”. But I won’t get into that discussion here.
G, PART 2) WHAT IF WE ARE IN A BUBBLE? Bubbles don’t mean anything. We had an internet bubble in the 90s. Then a housing bubble. Bubbles bubbles bubbles. And if you just held through all of that, your stock portfolio would have been at an all time high last Friday. So ignore cycles and bubbles and ups and downs. And NEVER EVER read the news. The news has no idea about the financial world and what makes it tick. Any investing off the news is like taking out your eyes because you trust a blind person to drive you to work.
I can say this: every time I have invested with this approach it’s worked miracles. And every time I have not invested in this approach it’s been a DISASTER. Like, a CLUSTERF*(*K Claudia doesn’t let me invest in a private company unless all four items on my checklist apply. Which is important because I tend to believe in everything people tell me. So I’m happy to invest in a time portal black hole machine.
Filed under Entrepreneurship, Paper Assets, Precious Metals, Theory, Tool Kit Tagged with angel investor, Berkshire Hathaway, Bernard Madoff Securities, Bitcoin, Calendar trading, cash, daytrading, Death spirals, Flash Boys Michael Lewis, Front running, fund of hedge funds, Gold, hedge fund, how to pick stocks, inside information, James Altucher, manipulating illiquid stocks, municipal bonds, Mutual fund timing, Mutual Funds, passive income, ponzi schemes, postaday, pump and dump, Reg S, Silver, The Forever Portfolio, venture capitalist, Warren Buffet
April 11, 2014 Leave a comment
Here’s quite a travel hack I came across today.Have you tried something like this?Were you successful?What was your experience like?
How to travel by Air by paying the price of a Train:
Often our travel plans are decided at the last moment and we rarely have time to book tickets 2 months in advance as IRCTC wants us to do. Getting a confirmed ticket in Tatkal is also pretty unsure in all the busy routes during anytime of the year,forget about festival periods. Generally a Tatkal booking looks like this and since the counter will open at 8AM it is an overnight standing in queues.