Over the years have been looking at #chor#fraud#manipulation in listed companies as well as other wise just because its a personal hobby :). Seeing a lot of us focusing on bad governance and siphoning etc and lengthy work done on bad cos. From #chorbanemor becoming a strategy.
We have no come to other side of pointing #chors with detailed research. In finding one good #chorbanemor there is a chance of making money. Shorting is not possible in most cos. Is it worth the time spent on such companies or time spent on cos so expensive one will never buy.
In india for every wealth creator and governance cos there are 5 times more cos which have destroyed capital. In last 25 years no of companies which got delisted , vanished or suspended is more than the tradable universe today.
In indian listed companies there is no black and white. Its shades of grey and shades of black to to pitch dark. !!! Focus on shades of black if you are a journalist :) if #investor#trader focus on shades of grey white or whatever.
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10 Most Interesting Videos on the CFA Society India Channel.
Take your time and go through them. Would recommend attending the physical events too.
@CFASocietyIndia
1) Brave New World | Ritesh Jain, Co-founder, Pinetree Macro.
He spoke about the liquidity way of investing, Tracking the global liquidity flow across past decades, how liquidity impacts economies, market returns based on liquidity.
2) Dimensions of Mistakes in Investing |
Utpal Sheth, CEO & Senior Partner, RARE Enterprises. He spoke about importance of overcoming natural instincts in investing, focusing on the long-term strategic picture, and sizing bets to match one's conviction.
In this series, we cover interesting stories and insights of legendary investors which will give invaluable lessons in the journey of investing
In this thread, Kenneth Andrade explained how using #TechnoFunda does not work on huge PF size !!
According to him both the studies contradicts each other, example, A technical chart will tell you to sell it 20% below your purchase price and as a Fundamental analyst you will double your position at 50% below your purchase price so those things are conflicting
In his career he held “MRF” from 2003 to 2015 it was 110 times up, held “Page industries” from 2007 to 2015 it gave an 80x or 90x, & Kaveri seeds which gave 70x
After this there’s just one question he asks is why would you want to sell a business where fundamentals are improving