For Whom Wealth Matters
June 14, 2012 1 Comment
Failure is unavoidable, especially if you are trying to stretch yourself beyond your current abilities.And stretch yourself you must, if you wish to grow.Failing can be hard especially if you react to it emotionally–i.e.hide your failure from significant others,deny it,minimize it,try to ignore it,try to avoid risk,be overcautious etc. Read more of this post
June 11, 2011
Mr. Rakesh Jhunjhunwala, combines diverse skills as a equity trader, visionary investor and incubator of new businesses through private equity.He is the first dollar billionaire from India to have made all his money by investing–primarily in stocks.Converting Rs 5000 to a billion dollars is no mean feat.Moreover since he deals exclusively in Indian stocks and often in publicly traded companies, whose shares we all have access to,it’s well worth spending time learning how to invest one’s way to wealth from him.
Firstly,Rakesh believes that the choice of asset class is important . As he says”If you bought gold in 1970 and sold it in 1980, you bought the Nikkei Index in 1980 and sold it in 1989 and then bought the NASDAQ [till before the dot-com bust], you would have made 33% compounded returns in three decades.”Personally, under the guidance of Mr Radhakrishna Damani, he made a lot of money shorting stocks at the time of the Harshad Mehta scam post 1992.As he says,”My decision to aggressively invest in the asset class of Indian equities at the right time was a very important determinant of my success.”As Rakesh believes that the mother of all bull runs is still to happen in India ,for people like us,sticking to Indian securities as an asset class might not be such a bad idea! Read more of this post
March 7, 2011 6 Comments
Here are 9 ways listed by Whitney Tilson to pick diamonds in the stock market:
1. Out-of-favour blue chips. Even the world’s greatest companies encounter problems or otherwise fall out of favor. Correctly differentiating between those suffering temporary rather than permanent issues is the key to success here. As long as the positive fundamentals of the company’s business remain intact, and new management is willing and capable of bringing the company on track buying out of favour blue chips can be very profitable.
2. Distressed industries. Buying a good company in a distressed industry is often a great way to make money.
3. Turnarounds. Turning around a broken business is difficult and often takes much longer than expected — but when it occurs, a stock can rise many-fold.
4. Overlooked small caps. Among the thousands of publicly traded stocks that analysts don’t cover are fine businesses that are cheap because either no one is paying attention to them or their stocks are thinly traded. Read more of this post
March 4, 2011 1 Comment
Using the checklist found here at https://wealthymatters.com/2011/03/01/the-perfect-business/ it’s easy to see why money management is a great business to be in:
1.High profitability. Costs are low .It is possible to operate a money management business out of your home and it’s possible to manage with very few employees.Plus the fees are guranteed and high.
3.An enormous moat. In this area, money management businesses don’t look so attractive, as there are almost no barriers to entry. On the other hand, a talented money manager is very rare and having one onboard vastly improves the competitive position of any money management business.
March 1, 2011 3 Comments
The best and easiest way to make money either as a businessperson or an investor is to get hold of an as near to perfect business as possible.The best businesses have the following features:
wealthymatters 