Rajeev Thakkar helped Parag Parikh Flexi Cap grow 189 times in a decade.
Rs 598 cr in 2015 → Rs 1,13,281 cr today.
He has also been in the company of great minds like Chandrakant Sampat & Parag Parikh.
EIGHT quotes by him that can help you in your investing journey. 🧵
“If people with full-time jobs try to build a stock portfolio themselves, they may end up making suboptimal decisions.”
“Investors don’t have an information edge today. The ability to think longer term when everyone is thinking one to two months is the edge you can have.”
“Seasoned investors have systematic rules about not overexposing themselves to a particular sector or stock and have a written rationale for their investments.”
“For my grandkids, I will invest in a diversified or an index fund rather than buy some select stocks.”
“In this fast-changing world, valuations and business models change quickly. We sell a lot of stocks within two to three years.”
“You cannot depend on the price movement to decide whether to buy or sell a stock. Always look at the business performance dispassionately.”
“Borrowing money to invest in stocks, engaging in day trading, or trying to time the market is tempting. Most of the time, it does not work out, and most regret it.”
"If your neighbour claims to have gotten rich doing something foolish, the temptation to imitate that behaviour is very, very strong."
All of these quotes are from his recent interaction with ET Money. You can watch the entire podcast here:
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Parag Parikh Flexi Cap is the most popular fund today.
We interviewed its CIO, Rajeev Thakkar.
He shared his views on:
- Where would he invest for long term
- How to spot business trends early
- How to be a better investor
- India’s growth story
- Fav books
..& much more.🧵
1. WHERE WOULD HE INVEST FOR HIS GRANDCHILDREN?
He surprised us with the answer.
He would prefer a diversified scheme or an index fund for such a long-term investment.
Reason? Businesses that look great today may not be relevant in 5 years.
Thakkar of ..@PPFAS has been managing money for 22 years.
He still holds stocks that were bought at the start of his career.
However, things have started to change now.
Today, he ends up selling a lot of stocks in two to three years due to the fast-changing world.