Some stuff I am reading today morning:
Growth challenges resurface at TCS (Mint)
Why Max India fell on listing (BL)
A multi-bagger portfolio (ET)
Prabhu wants to end the Railway Budget (BS)
China hacked the FDIC (CNN)
Long term investing,really really long term (IRR)
The market is always right? (PP)
You’re just going to have save more money (WSJ)
Equity Market Advisory (Subramoney)
The Bull Market you haven’t seen (Bloomberg)
So you cannot predict what is going to happen. What you can predict is whether this company which is earning say Rs 100 crore, will earn Rs 1000 crore in next five-six years, 10 years.
Out of the 10 companies you predict, may be 5, 6, 7 will be right, 2-3 will be wide off the downside and few of them will be wide on the upside and the combination will give you a good.
If you have a right process then I am quite sure you will make money. If you end up buying a little higher, your rate will be shorter term, rate of return will be little lower but eventually in five-six years it does not matter
See if the stock has to go from Rs 100 to say Rs 1000, whether you bought it at Rs 103 or Rs 98 does not matter. The issue is whether you bought it or not.
-said Raamdeo Agrawal
Some stuff I am reading today morning:
16 Mid-Cap Stocks you may want to hold (Money Control)
Income Tax raid on IndiaBulls (Mint)
L&T Infotech subscribed 11 times (BS)
India’s inevitable merger (Bloomberg)
Insider Trading in NBCC ? (Gaurav)
Karsanbhai Patel’s entrepreneurship lessons (Mint)
Research: India Auto Sector (Motilal Oswal)
The world’s most powerful stock pickers don’t manage a penny (Bloomberg)
Should fund managers invest in their own funds? (Morningstar)
Why golf has gone the way of the 3-Martini lunch (Market Watch)