tag:blogger.com,1999:blog-7004453.post3101822387580473285..comments2023-09-02T19:53:06.144+05:30Comments on Understanding and applying value investing principles: Change of WindRohit Chauhanhttp://www.blogger.com/profile/00356455735241398199noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7004453.post-76052547366549063162008-05-07T21:18:00.000+05:302008-05-07T21:18:00.000+05:30Hi sumantyou will be surprised to know that india ...Hi sumant<BR/><BR/>you will be surprised to know that india too has its share of great value investors. i can think of some names - chandrakant sampat, chetan parikh, prof bakshi (his blog is linked in the blog links) etc. a lot can be learned from them<BR/><BR/>I have had a similar journey into valueinvesting too ..however my first book on buffett was 'The warren buffett way'<BR/><BR/>for data look at finance.livemint.com. their data is good. however personally i try to verify the numbers with the Annual report from the company too. icici no.s are wrong quite a few times. especially around bonus, stock splits etc.<BR/><BR/>I dont think the numbers put out by companies is false. there are AS standard which companies follow. there may be some manipulation, but it is not pervasive ..not of the order of Enron ..yet !<BR/><BR/>regards<BR/>rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-68022701635609552592008-05-07T10:14:00.000+05:302008-05-07T10:14:00.000+05:30This is the my first time here and I am surprised ...This is the my first time here and I am surprised and happy that someone in India is thinking value investing, I got hooked when I read the book "Buffet" by roger lowenstein and "the "intelligent investor" and have now ordered "security analysis".<BR/>The problem is, I find that the info required for security analysis isn't available easily and where it is available, it may not be accurate, for eg. ICICIdirect says the B/V of IFCI is 0.25 and moneycontrol says it is 15.22<BR/><BR/>I am aware that accounting standards in India and what they are and even the companies themselves probably give false data.<BR/><BR/>Any comments?sumanthttps://www.blogger.com/profile/16187192524478230254noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-83381513369966938742008-04-22T08:20:00.000+05:302008-04-22T08:20:00.000+05:30Hi ankuri have not looked at the company in detail...Hi ankur<BR/>i have not looked at the company in detail.it seems to growing a lot ..if the growth is sustainable then the company looks good. however as i said, i have not looked at the company in detail and hence not sure of future prospects.<BR/><BR/>regards<BR/>rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-47629166393030330832008-04-21T22:28:00.000+05:302008-04-21T22:28:00.000+05:30Hi Rohit,Great blog! I read your blog regularly an...Hi Rohit,<BR/><BR/>Great blog! I read your blog regularly and find it very useful.<BR/>What are ur views about Lupin? To me it looks very cheap.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-65555900450166718052008-04-20T20:39:00.000+05:302008-04-20T20:39:00.000+05:30Hi vishnuunfortunately i am much slower in terms o...Hi vishnu<BR/><BR/>unfortunately i am much slower in terms of analysis and reading ..at best 1 AR per week.<BR/><BR/>I think the biggest point in which i differ from the master (other than that he is brilliant and a genius) is that he already knows the companies and other investment ideas. so he is able to jump in when the price is right.<BR/><BR/>in my case, my circle of competence is tiny. so even if the price drops, unless i have an indepth understanding already, i takes time for me to figure out the company. <BR/><BR/>fortunately in investing knowledge is cumulative. once you understand a company, you can just add it to your body of knowledge. if the price drops in the future for that company, the analysis is faster and it is easier to build a larger position<BR/><BR/>regards<BR/>rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-40444925355010969192008-04-20T17:50:00.000+05:302008-04-20T17:50:00.000+05:30Hi Rohit,This is true. However Value Investing is ...Hi Rohit,<BR/><BR/>This is true. However Value Investing is a hobby for me. So I read atleast one company's Annual Report daily with Some Simple analysis. <BR/><BR/>When the time comes , I can build large position without any thought.<BR/><BR/>Even Buffet I believe built large position (8 Billion ?) in Junk Bonds (Straight value investing from Ben Graham method) and he even said that Price jumped too fast in 12-15 months.<BR/><BR/>We can learn a lot from the Master.. (Excerpts from the 2005 BRK Shareholder meeting notes are given below)<BR/><BR/>Best way to behave is like "oversexed man in a harem" when the price drops. (Thanks Buffet !! for the quotes)<BR/><BR/>Regards<BR/>Vishnu<BR/><BR/><BR/>The junk bond market is another good example of how quickly things can change. Here’s a chart of the peak yields of selected junk issues, their subsequent trough yields, and the number of months from peak to trough:<BR/><BR/>Issuer Months <BR/><BR/>Williams (14 Months)<BR/>Dynegy (14 Months)<BR/>Qwest (14 Months)<BR/>Crown Cork & Seal (17 Months)<BR/>Nortel (13 Months)<BR/>CMS (13 Months)<BR/>ABB (13 Months)<BR/>Lucent (13 Months)VISHNUhttps://www.blogger.com/profile/15397730676763694463noreply@blogger.com