#DurgeshShah of #CorporateDatabase on stage for the first session of the day. He will share his " Lessons from Markets " @CFAinstitute @CFAIIndia @CFAevents @FLAMEUniversity #VIP2 
#DurgeshShah discussing his learning from mistakes @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Management, business and price is very important.#DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Cricket bat in hand of Virat Kohli is much better than in your hand. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Trust is very important. Some companies have a premium because of trust. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Longevity of management create trust among stakeholders of company. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Culture of company is also important. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Focus of company is another virtue. It is something which doesn't come easily. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Next virtue is scalability. Indian companies are not good at scaling. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Next is Delegation by management. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Next is Integrity and passion. For many management, integrity is not a problem but passion is. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
For many companies 'digesting success' is not easy #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Beware of halo effect #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Debt and envy are common causes of downfall of a company. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Tax payment is very important. Profit without tax doesn't result into cash flows. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Patience is most difficult thing for an investor. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Conviction can not be borrowed. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
#DurgeshShah of #CorporateDatabase while discussing sectorwise investment opportunity, sector matters. @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
People have made money by sticking to a theme after 2008 crisis. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
If you were to write name of each and every one who lost money in market each and every brick of this building will be taken. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Right time to buy is when no body talks about that stock.#DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
#DurgeshShah of #CorporateDatabase recalls encounter with #ChandrakantSampat after market fall in 1984 @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Every bull market have your conviction and patience tasted. #DurgeshShah of #CorporateDatabase remembers encounter with #ChandrakantSampat after market fall in 1984 @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Market is a pendulum. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
No company stays in fair price zone for very long. Pendulum keeps moving in both side. #DurgeshShah of #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Predicting rating is tougher than forecasting earning. #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Another very important lesson is that we dont learn from history. #DurgeshShah #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
#DurgeshShah discusses importance of selling. #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
We make worst mistake in best times. #DurgeshShah #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
We make worst mistake in worst times. #DurgeshShah #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Dont be greedy when others are. #DurgeshShah #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
#DurgeshShah discusses his Errors of omission #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Unlearning is more important than learning. #DurgeshShah #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
We should be mindful that we might have things which we don't deserve. Think whether it is due to skill or luck. #DurgeshShah #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
Humility matters. #DurgeshShah #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
#DurgeshShah ends with these lessons #CorporateDatabase @FLAMEUniversity @CFAinstitute @CFAIIndia @CFAevents #VIP2
#SaurabhMukherjea,CFA of #MarcellusInvestment will moderate Q&A with #Durgesh Shah. @SBIMF @CFAinstitute @CFAIIndia @CFAevents #VIP2
I can't borrow my conviction from someone else.
Bounce your ideas with someone else as we all have our biases.
Be careful of whats coming in secondary market.
