Source: Morgan Stanley Research
Categories
Some stuff I am reading today morning:
IL&FS defaults (BS)
Rupee breaches 72/$ (Rediff)
Winds of change in Mutual Fund Industry (Mint)
HDFC Bank’s fintech footprints (Forbes)
Airfares cheaper than rail tickets (BQ)
Profile: Ashok Wadhwa (OB)
Tata Motors: Old Wine in Old Bottle (Fortune)
India- The biggest risk in Emerging Markets (Daniel Lacalle)
Charlie Munger & Li Lu Interview (Tao)
Should I sell our rental properties? (Retire By 40)
The Book ‘Instant Millionaires’ is written by Max Gunther who wrote the very popular ‘The Zurich Axioms‘ and ‘How to get Lucky‘
Everyone knows that its not easy nor quick to become rich.It’s a long hard slog of working,saving and investing to become a Millionaire.
This Book wonders if there is an alternative to that…is it possible to become rich instantly – other than winning a lottery ticket,marrying money or by being born into a rich family.
The Book then looks at various fields where people became very rich instantly…or atleast in a few (3/4) years.
The Book was originally published in 1973.So it does not cover ESOPs and our Silicon Valley kind of millionaires.
It covers areas like glamour,inventions,business etc where people went from penury to riches in a matter of years.
There is a lot of hindsight bias in the examples…it’s just that some people got lucky while others who were equally talented did not do so.
I was interested in this Book by the success of the employees and investors in Paytm…its incredible how they became “instantly rich” and got the kind of returns that otherwise takes decades to achieve.
Alas, the Book did not offer any insights on how to identify and exploit such opportunities…other than the common-sensical “Be at the right place at the right time and do the right thing”
I would recommend this Book only for die-hard Max Gunther fans.
This post is in continuation of my coat tailing series (see here)
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Shyam Sekhar is a well known investor who invests in small caps and turn around situations
His significant portfolio holdings as on 30 June,2018 as per stock exchanges is as given below:
Company Name | NSE Symbol/BSE Code | Entity | Value (In Crores) |
Acrysil Ltd | 524091 | S.SHYAM | 4.95 |
Ador Fontech Ltd | 530431 | S.SHYAM | 3.8 |
Aries Agro Ltd | ARIES | S. SHYAM | 3.91 |
Electrosteel Castings Ltd | ELECTCAST | S. SHYAM | 9.3 |
Emmbi Industries Ltd | EMMBI | S. SHYAM | 2.97 |
IVP Ltd | IVP | S.SHYAM | 1.61 |
Jayant Agro Organics Ltd | JAYAGROGN | S.SHYAM | 8.69 |
Linc Pen & Plastics Ltd | LINCPEN | S. SHYAM | 8.21 |
Sarla Performance Fibers Ltd | SARLAPOLY | S.SHYAM | 6.4 |
Singer India Ltd | 505729 | S.SHYAM | 11.63 |