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CoatTailing

Guess who’s buying India

(Hat Tip: Ramarao Venkatesh)

One of the most famous investors in the world has starting buying into India .

At the end of the third quarter (i.e. 30 Sept,2015), his legendary fund had assets under management of $100.2 Billion

In the third quarter, he bought 601,246 shares of iShares MSCI India ETF, a 0.4% portfolio weight. The position is now valued at $16.35 Million

He also purchased 470,200 shares of Infosys Ltd., a 0.21% portfolio weight. The share price averaged $17.The position is now valued $ 7.57 Million

The investor?Howard Marks of Oaktree Capital

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Video

Howard Marks:All investors should be aware of the temperature of the market

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Anecdotes Excerpts

Scared Money Can’t Win

“When I first went to work at Citibank in 1968, they had a slogan “Scared Money Never Wins”

It’s important to play judiciously, to have more successes than failures,and to make more on your successes than you lose on your failures.

But it’s crippling to have to avoid all failures, and insisting on doing so can’t be a winning strategy.It may guarantee you against losses , but its likely to guarantee you against gains as well.”-Howard Marks

 

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Letters

The role of confidence in investing