tag:blogger.com,1999:blog-7004453.post5627176660398337107..comments2023-09-02T19:53:06.144+05:30Comments on Understanding and applying value investing principles: A personal experimentRohit Chauhanhttp://www.blogger.com/profile/00356455735241398199noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-7004453.post-86374196695349998782010-07-05T23:27:34.571+05:302010-07-05T23:27:34.571+05:30Here's some more fodder for value based invest...Here's some more fodder for value based investing . <br /><br />http://www.wallstreetoasis.com/forums/the-hedge-fund-experience-good-bad-ugly<br /><br />http://www4.gsb.columbia.edu/valueinvesting/schlossarchives/class_recordings<br /><br />I think value investing is hard when your idea/thesis backfire with the volatility today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-33114864095549737302010-06-28T21:56:06.048+05:302010-06-28T21:56:06.048+05:30hi rohit,
pls chek out apossible net net situation...hi rohit,<br />pls chek out apossible net net situation called teesta agroshravannoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-49557191295453233572010-06-27T02:33:01.186+05:302010-06-27T02:33:01.186+05:30hi arun
clariant has land in thane, which it plans...hi arun<br />clariant has land in thane, which it plans to sell. with ninad, we were looking at that sale as a special event and value unlocking. however we liked the company so much that we built a position in it<br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-40836453893052262462010-06-27T02:31:50.430+05:302010-06-27T02:31:50.430+05:30hi anirudha
i think we have exchanged quite a few ...hi anirudha<br />i think we have exchanged quite a few emails and if the cold shoulder means i did not reply to some of the emails, then its quite possible i missed some emails.<br />if the cold shoulder means, i was not enthusiastic about the leverage bit, then guilty as charged.<br />i dont like leverage and will never go for it. if someone asks me about, i would actually discourage it.<br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-66010313476347861212010-06-27T02:29:53.026+05:302010-06-27T02:29:53.026+05:30hi paul
i have seen a few of these companies - i t...hi paul<br />i have seen a few of these companies - i think some of the capsule companies. most companies are very small, dont have much competitive advantage and working on slim margins. as a result i did not move forward on it<br /><br />rgd<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-68679919549040991482010-06-27T02:27:48.102+05:302010-06-27T02:27:48.102+05:30Hi income.portfolio
yes, most traders play with ot...Hi income.portfolio<br />yes, most traders play with others people money. much easier to do so.<br />i am reading a book - the quants and its amazing to see 20 something bet billions and blow it away.<br /><br />the traders who use their own money are definitely more cautious and control risk more. ofcourse the numbers are much smaller<br /><br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-36694286746108064532010-06-27T00:45:04.329+05:302010-06-27T00:45:04.329+05:30Hi sachin
i know what you mean and know of such pe...Hi sachin<br />i know what you mean and know of such people.<br />ofcourse thats the hieght of madness ..stay up in the night and then have a day job on the side. thats a easy way of ruining your health and peace of mind<br /><br />i think it is addictive too <br /><br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-48663095987030010402010-06-27T00:43:38.785+05:302010-06-27T00:43:38.785+05:30Hi anon1
true ..i think if one has the temprament,...Hi anon1<br />true ..i think if one has the temprament, only can then one have the conviction to hold on to losing position.<br />i think part time trading is a bad idea which a lot of people follow. one should be fully committed to it and learn it in and out or leave it. half knowledge in most cases, including trading is dangerous<br /><br />have we heard of part time surgeons :) ?<br /><br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-73409852251757936982010-06-27T00:17:37.928+05:302010-06-27T00:17:37.928+05:30Hi Rohit,
clariant chemical an arbitrage play? I ...Hi Rohit,<br /><br />clariant chemical an arbitrage play? I did not get clearly. What type?<br /><br />BR<br />ArunAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-85813822487766791662010-06-26T20:59:29.797+05:302010-06-26T20:59:29.797+05:30sachin - thanks for the comment
anon2 - true. my ...sachin - thanks for the comment<br /><br />anon2 - true. my post is not about if trading is better or not. there are a lot of very successful traders and very rich ones too. i think it comes to one's own temprament and approach.<br />at the same time, i think people think it is too easy and exicting and hence get drawn to it. i think it is not as easy as it looks<br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-7576080512077256932010-06-26T20:56:51.036+05:302010-06-26T20:56:51.036+05:30Hi neeraj
there are some super investors like RJ w...Hi neeraj<br />there are some super investors like RJ who can do both, but lesser mortals like me cannot. so better not imiate someone when one is not capable of it<br /><br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-64558662269350937162010-06-26T20:55:51.327+05:302010-06-26T20:55:51.327+05:30Hi nandy
another reason is trading only appears ea...Hi nandy<br />another reason is trading only appears easy on the surface with easy money. in reality it is tough, highly competitive and definitely not a part time activity in the long run if one wants to invest good amounts<br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-963081249229717102010-06-26T20:54:34.259+05:302010-06-26T20:54:34.259+05:30Hi venkat
true, i comes to down to mindset. I pers...Hi venkat<br />true, i comes to down to mindset. I personally have realised it does not match my mindset and hence the discomfort.<br />in the end, better to work with your temprament than against it<br /><br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-27518867194454232912010-06-26T20:53:21.162+05:302010-06-26T20:53:21.162+05:30Hi gian
clariant chemical was an arbitrage play, b...Hi gian<br />clariant chemical was an arbitrage play, but on investigation i found it to be a good company and hence created a decent size position.<br /><br />ashok leyland has given me good returns, but it is losing market share. so i decided to reduce my position size, though have not exited it completely<br /><br />regards<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-744711682873536632010-06-26T17:58:13.594+05:302010-06-26T17:58:13.594+05:30Hey Rohit
In last 4-5 years i have done so many e...Hey Rohit<br /><br />In last 4-5 years i have done so many experiments that one day i thought i should do leveraging. Before that I asked for your inputs but you gave me cold shoulders. So i never written about it here. But I am glad to tell you that my experiment is going exceptionally well. I could manage my finances very well after i started leveraging. earlier I used to allocate all my cashflows to market. but now i can allocate my salary income to build my contingency funds, savings over the period and leveraged money went in the market. I kept it rolling over the period and gathered enough capital.<br />One thing is RJ told in his interview, "Trading gives you capital to invest" That is ture. to add some spice to trading i did leveraging.<br /><br /><br />Regards<br />AniruddhaAniruddhahttps://www.blogger.com/profile/11483611948764893946noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-52851461836902868432010-06-24T21:34:13.466+05:302010-06-24T21:34:13.466+05:30hi rohit,
i think the indian gelatin industry is l...hi rohit,<br />i think the indian gelatin industry is looking cheap compared to its fundamentals-nitta gelatin,india gelatin and natural capsules, even for yield hoggers!wud luv to hear ur thoughts<br />p,s pls take a look at a T group stock teesta agro it has cash and cash equivalents of 20 crores and a mkt cap of 5 crores!paulnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-43632652104352413622010-06-23T13:11:21.217+05:302010-06-23T13:11:21.217+05:30The observation I have is, the people who use thei...The observation I have is, the people who use their own money to trade will, typically, lose in long term w.r.t. real wealth creation. It is the professional traders, who use other people's money, are the winners. Because of pooling effect and high risk taking. It is a different mental make up when you don't use your own money.<br /><br />You can make tons of returns in simulated trading (for traders/hedge fund managers this is what it is). <br /><br />But when it comes to own money, its the different mental makeup.<br /><br />How many professional traders use their own money?income.portfoliohttps://www.blogger.com/profile/06576906956732153866noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-68837165228790978362010-06-22T23:38:21.730+05:302010-06-22T23:38:21.730+05:30Nice post. I am currently in USA and I have friend...Nice post. I am currently in USA and I have friends and colleagues here, who show even worse symptoms than what you underwent for the 2-3 months of experiment. These guys stay awake all throughout the night to track the Indian markets and appear like zombies when they show up at work during daytime.<br /><br />Probably, if they are as lucky as the guy who said he earns 70-80% per annum on trading, then too they may lose the equivalent amount of money on healthcare.Sachin Purohitnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-9586042580528948152010-06-22T08:26:04.208+05:302010-06-22T08:26:04.208+05:30Hi Rohit,
Yeah, It's all about temperament.
I...Hi Rohit,<br /><br />Yeah, It's all about temperament.<br />I was tempted for this many times since I am almost full time investor.<br /><br />I was also dragged towards some positional trading idea because of short term annulizing return which my friend earned. But all those trades were borrowed convictions or blind games. So it was very difficult to hang on to your loosing position.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-47585282577151174622010-06-22T03:58:37.054+05:302010-06-22T03:58:37.054+05:30I think people have made a lot of money trading an...I think people have made a lot of money trading and do not get fazed by the mental pressures. There was a classic movie called trader which showed how people can enjoy trading as a game and would be bored with investing.<br /><br />So the only conclusion one can draw is that your mental makeup is not that of a trader. Whether trading is better or investing is better needs a different kind of statistical analysis. There have been remarkably successful traders. George Soros being one example..<br /><br />-Anon2Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-47194777758752125242010-06-21T17:32:03.813+05:302010-06-21T17:32:03.813+05:30A very nice post. Than you for sharing.
I liked th...A very nice post. Than you for sharing.<br />I liked the one cr falling from sky comparision :)<br /><br />Sachinsachin8778noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-80877748399557952622010-06-21T16:19:12.128+05:302010-06-21T16:19:12.128+05:30Hi Rohit,
I agree with u totally..one of the '...Hi Rohit,<br />I agree with u totally..one of the 'side-effects' of trading is that it affects ur investing as well..ur whole philosophy gets jumbled-up and its a sure-shot way for taking irrational decisions..<br />again, if one is ONLY into trading and stuff, all this wont apply! :-)<br />Cheers!<br />NeerajNeeraj Marathehttps://www.blogger.com/profile/03486291069433987277noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-29581224242619368302010-06-21T10:51:46.408+05:302010-06-21T10:51:46.408+05:30Hi Rohit, The reasons why one should not get into ...Hi Rohit, The reasons why one should not get into trading and why it is not as lucrative as is sounds are presented well by you. These reasons apply to most of us - whether in a full time job or a student or a housewife has its own pressures - very few would want a high adrenaline rush, high risk thing to do with their hard earned money. It, the wrong perception of high returns, and extrapolation of gains to annual returns that blinds most of them, who get into trading. Long term is sane and sensible.Nandyhttps://www.blogger.com/profile/10985424068899440255noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-60431941743572606092010-06-21T10:20:52.508+05:302010-06-21T10:20:52.508+05:30True, Rohit. Day trading or any form of ultra-sho...True, Rohit. Day trading or any form of ultra-short term trading really sucks the energy out of you. You are constantly under pressure and you are not able to concentrate on your full time job. I have had similar experience and have stopped trading completely. It begins with small gains and it is natural to get carried away and create bigger positions, particularly in the futures segment. Finally, you end up looking only at the stock ticks and everything else in life becomes waste of time. Added, you lose tons of money as well if you dont have stop losses.Venkysdiaryhttps://www.blogger.com/profile/00830156547495412798noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-7295772246307325112010-06-21T04:22:53.126+05:302010-06-21T04:22:53.126+05:30Rohit,
When are you going to write about Clariant ...Rohit,<br />When are you going to write about Clariant Chemicals. I like the company a lot.<br /><br />I don't understand why u sold Ashok Leyland even after buying at such low prices( even lower if we factor in 2.5 RS dividend for two year). This company at your cost prices would have given your decent returns for longer time periods.<br />Regards<br />GianAnonymousnoreply@blogger.com