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Tea Break @KotakSecurities #KotakMidCapMeet15


wealthymattersA gentleman attracted by my media tag, buttonholed me to ask why the media was so negative on the economy?
Short answer, I’m leery of all rosy stories involving leverage and predictions. And Modinomics involves huge credit creation. Debts become due some or other day and we can’t avoid paying them ,unless we plan on reneging on our word.
Making predictions about factors not within our control is a bit of nonsense. And Modiji’s vision has too many such predictions.

James Montier’s The Seven Immutable Laws of Investing


 

wealthymatters.comJames Montier expounds The Seven Immutable Laws of Investing to help investors  avoid some of the worst mistakes, which, when made, tend to lead them down the path of the permanent impairment of capital.They are as follows:

1. Always Insist on a Margin of Safety

Valuation is the closest thing to the law of gravity in finance .It is the primary determinant of long-term returns. The objective of investment (in general) is not to buy at fair value, but to purchase with a margin of safety.This reflects that any estimate of fair value is just that: an estimate, not a precise figure, so the margin of safety provides a much-needed cushion against errors and misfortunes. When investors violate this law by investing with no margin of safety, they risk the prospect of the permanent impairment of capital. Read more of this post

Robert T. Kiyosaki


wealthymatters.com

If being wealthy is important and you are on the look out for reading material to help you make money, sooner rather than later you are bound to come across books of the Rich Dad Poor Dad series authored/co-authored by Robert Kiyosaki and his associates.

Robert Kiyosaki,his books and educational materials are pretty controversial.He has his fans and his trenchant critics.

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Rakesh Jhunjhunwala On Investing Your Way To Wealth


wealthymatters.comMr. 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

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