Forecasting Folly:Porinju Edition

Hat Tip:Bond Lady

Here’s what well known investor Porinju Veliyath tweeted in Oct 2014.


Today Unitech closed at 4.15 Rs.

Forecasting Folly, anyone?

3 replies on “Forecasting Folly:Porinju Edition”

Neither Unitech has appreciated by 50 to 100%, nor, of course, realty prices have also crashed by 50% – even after one and a half years.
Really a forecasting folly.

When the market makes upward moves lot of people become great investors. Now the real mettle will come under test. I think his time of proposing low quality is over.

I’m afraid that he has been called as Value Investor. Making mistakes are not an issue in stock market. Everyone make mistakes, have drawdowns and its not a big deal. But this is horrendous. Unbelievably pathetic and he has been asked to appear in television channel to talk about Value Investing. No Excuse.

Leave a Reply

Your email address will not be published. Required fields are marked *