Thread by @RamBhupatiraju

Great link with backgrounds and philosophies of some successful Indian investors.

Some of my fav quotes in the thread below.👇

@dmuthuk @Gautam__Baid @iancassel @ToddWenning @investing_city @saxena_puru @safalniveshak @awealthofcs @chriswmayer

forbesindia.com/article/boardr…

Article is 5 yrs old, but I don't think these are the sort of investors who change their style/strategies that frequently.

Very minor edits done, to put the quotes in context and fit the format here. So here we go. 👍

“I invest in businesses that have enduring competitive advantages and scalable business models run by owners who are both honest and competent. Businesses that generate so much cash they usually don’t need much debt, and there is little financial risk.”

-Sanjay Bakshi

"What is required is control over your own emotions. You have to develop discipline and think long-term. We believe in the law of the farm: You cannot sow something today and reap tomorrow.”

-Parag Parikh

"Avoid bad businesses; stick to good businesses and never pay an outrageously high price for them; consider certainty of earnings, quality of growth and valuations as the key. One must look at the size of the opportunity and the quality of management."

cont.

"You as the investor have a duty towards your own self: A duty to choose well, to be disciplined, to be patient and to be foreseeing. Markets don’t have the duty to make you rich just because you have put some money in it.”

-Bharat Shah

"Patience in equity markets is the key to create long-term wealth. And, often, it is the most difficult part. At an individual stock level, look for long-term, sustainable and solid performances while at a portfolio level, control the risk. "

cont.

"Create a portfolio in such a manner that you can control the downturn risk in bad mkt. Stock prices may fluctuate but underlying businesses should be very solid. Co's which can sustain their business perf over the medium-long term are what one has to focus on”.

-Chandresh Nigam

“Force yourself to write five lines before you take a decision on why you are buying or selling something. The main reason why people lose money is because they don’t follow a process before taking decisions.”

-S Naren

“Stop blaming others. Learn from your mistakes. We learnt that looking at low P/E stocks without considering the level of debt is risky. Many a time the stock looks cheap on P/E, but the balance sheet must be considered closely.”

-Samir Arora

“If you’re sure the Co is making Rs 100 CR and will make 1,000 CR in the next 7 to 8 years, just buy it. Don’t bother about the market at all.” Worried about a buying culture driven by speculation, not the underlying quality of a business for the long term.

-Raamdeo Agrawal

“When we invest, we have a context on the sector—its growth rate, market share, losses and gains, regulatory changes. Historical perspective is equally important.”

-Ashish Dhawan

“Investors get bogged down by time periods. Nobody looks at PFs till they retire. Why not look at equity from that POV? If you were to give 10 % of your salary for the next 30 yrs and split it across 3 /4 funds, the returns should exceed all investor expectation.”

-Anoop Bhaskar

“I learned that just because a stock doubles, it is not a reason to sell it. Advantages of hanging on to a good business.”

-Ramesh Damani

Doesn’t get into an “analysis paralysis” before taking an investment call, Assess the company’s fundamentals. The price-earnings ratio is the most “difficult” but also the most “critical” part of investing.

-Rakesh Jhunjhunwala

“Zebras try and stay in the centre of the herd to safeguard against attacks, but the zebras at the outside of the herd get the freshest grass." About investing in small, rapidly growing companies. (reference from the book - Zebra in Lion Country)

-Sunil Singhania

“You have to define what returns make you happy, what risks you are ready to take to achieve the returns.”

-S Naganath

Lot of different styles among the above investors (but usually all long-term).

The key is to identify and stick to sustainable strategies that align with your competency and personality, then reflect/learn and evolve along the way.

Good Luck. 🙏