Rakesh Jhunjhunwala's Quotes

Rakesh Jhunjhunwala is one of the leading equity investor of the country. I find he always gives some or the other thing in his interviews, which will make your understanding of the financial world a lot better than that was before reading the interview.
Here are some of his comments which I liked recently.

• one of my biggest learning as an investor is that good stocks always remain expensive.
• Investment strategy: If you find an idea that you are convinced of take a position which if proved correct makes a meaningful difference to your Balance Sheet.
• Do you think analysts know what value and valuations are? They would be the richest people in the world.
• When I bought Praj, it was very difficult decision because in January of 2003 the price was Rs 10; I bought the stock at Rs 100 in December 2003. So the stock had appreciated 10 times in a period of one year before I bought the stock. So, I don’t know; stock appreciated 10 times is a vast appreciation and I bought after that. So I am not buying anything to be different. I am only buying it if in my thinking, the earnings will grow and valuations are reasonable.
• The other lesson is that do not expect that you will have this kind of return constantly. Some of the worst mistakes are made when you get an abnormal return and then you start feeling that you must take steps so that this return can be replicated.

On the face of it, they look very common sensical, but it is this common sense that we loose completely when we make major decisions, I feel. And that's why perhaps he emphasizes so much on these.

Nahi rakhta...

A song from Lucky Ali's Album 'Sifar' whose lyrics I like very much. Written by Syed Aslam, these are mesmeric...



नहीं रखता दिल में कुछ
रखता हूँ ज़ुबाँ पर
समझे ना अपने भी कभी...

कह नहीं सकता मैं क्या
सहता हूँ छुपा कर
इक ऐसी आदत है मेरी...

सभी तो हैं जिनसे मिलता हूँ
सही जो है इनसे कहता हूँ
जो समझता हूँ....

मैंने देखा नहीं रंग दिल आया है सिर्फ अदा पर
इक ऐसी चाहत है मेरी...

बहारों के घेरे से लाया मैं दिल सजा कर
इक ऐसी सोहबत है मेरी...

साये में छाये रहता हूँ...
आँखें बिछाये रहता हूँ...
जिनसे मिलता हूँ...



कितनों को देखा है हमने यहाँ
कुछ सीखा है हमने इनसे नया...

पहले फुर्सत थी अब हसरत है समाकर
इक ऐसी उलझन है मेरी...

खुद चलके रुकता हूँ जहाँ जिस जगह पर
इक ऐसी सरहद है मेरी...

कहने से भी मैं डरता हूँ...
अपनों की धुन में रहता हूँ...
कर क्या सकता हूँ...

दे सकता हूँ मैं थोड़ा प्यार यहाँ पर
जितनी हैसीयत है मेरी...

रह जाऊँ सबके दिल में दिल को बसा कर
इक ऐसी नीयत है मेरी...

हो जाये तो भी राज़ी हूँ...
खो जाऊँ तो मैं बाक़ी हूँ...
यूँ समझता हूँ...


रस्ते न बदले न बदला जहाँ
फिर क्यों कदम हैं बदलते यहाँ...





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Click here listen to song

Liked it!-4

Good leaders are selfless, take initiative, and focus on their duty rather than obsessing over outcomes or financial gain.

- Times of India.

Meaning in Life...

मेरे जीवन के सर्वोत्तम पलों में से वो पल थे जब मैं IIT के पास rural बच्चों को पढाने जाया करता था। I hope life will give me more moments like those....

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"It was deeply satisfying...... Teaching children science was far more satisfying then working in a corporate. "

- Arvind Gupta.
http://www.expressindia.com/iit/kanpur_alumni_speak_arvind.html
http://www.arvindguptatoys.com/

Bangalore

बंगलौर का मौसम और यहाँ की greenery देख कर यहीं बस जाने का मन करता है!

Good article on shares

Good links for equity market learning...

Characteristic of a potential multibagger

Investment School

सुभाषितानी

"अमन्त्रं अक्षरं नास्ति ! नास्ति मूलं अनौशधं !! अयोग्य पुरुषो नास्ति ! योजकः एव दुर्लभः !! "

There is no alphabet from which a mantra cannot be made. There is no herb from which a medicine cannot be made. There is no person who is incapable. Who is rare is the one who can organize.

ऐसी बानी बोलिए

ऐसी बानी बोलिए, जम कर झगड़ा होए

पर उससे ना बोलिए, जो आप से तगड़ा होए !!!


-Poet unknown. May be Kaka Hathrasi??? Anyone to help??

My Portfolio Scrips

These are the companies I have invested in. I dont invest in cyclic old economy stocks as these involve extensive follow up and labour, with nominal, although less risky returns. My choice of area is the new economy sunrise sectors.

The stock idea should have a big long term potential, excellent management, an early mover and possibly catering to the great Indian middle class or else export oriented. There should be something in the story that can make me believe that if clicked, the idea can make a significant change in my portfolio.

Of late I have gained interest in software stocks also, which has made the portfolio loaded with some of these stocks. More are to come. One or two media stocks can also find place.

I recognize that 22 scrips is a huge number as far as the no. of scrips advisable in a portfolio. It should have been ideally 6-12. And I do recognize it's a symbol of investor under-confidence to invest in more and more companies. OK! my major holdings at present are in IBREALEST, Geoinfo, ENIL, Polaris, Indiabulls & Mindtree. & these companies account for over 70% of the portfolio. Other companies have a minor share of the pie.

I like to follow Vinod Sethi, Rakesh Jhunjhunwala, Ramesh Damani & and some mutual funds/ magazines also while selecting stocks. Though lack of time many times doesn't allow to do intensive research.

Next few months I aspire to learn technical & fundamental analysis of stocks. Till the next posting in this field,

Good bye!

चंद अशआर

देखा तो मेरा साया, मुझसे जुदा मिला ..
सोचा तो हर किसी से, मे्रा सिलसिला मिला !

फ़ुर्सत किसे थी, जो मेरे हालात पूछता..
हर शख्श अपने बारे मे, कुछ सोचता मिला !

Nazm by Nida Fazli Sahab...

मुहब्बत

वो दोनो,
बहुत गरीब हैं.
उनका कोई घर है ना ठिकाना,
लेकिन छः रोज़ मुसलसल,
अलग-अलग मकानों में
मेहनत-मजदूरी करने के बाद
जब वो
इतवार कि शाम को
एक-दूसरे से मिलने आते हैं
तो, सारे शहर को अमीर बना जाते हैं.

Random Thoughts...

इन्सान जितनी ऊँचाई पर चढ़ता जाता है, उसे क्षितिज उतना ही दूर दिखाई देने लगता है....!

Dealing with corruption and work-evasion

One can lodge complaints if any problem arises while dealing with Government officials or departments like Passport Office, Electricity board, BSNL/MTNL, Railways, PSU banks etc. Directorate of Public Grievances has facilitated this website. Why I have included this in my blog is, that this complaint system is actually reported by people to be working and asking for explanation from the concerned govt. officials!

Use it whenever you feel frustrated and let down by the system. It may work!

• Full List of Deptts for which complaints can be made

• Grievance Lodging

मौन होने दो...

शब्द के संसार को अब मौन होने दो॥

दीप जीवन का सजा है चाँदनी बन
ताप के अहसास को कुछ सघन होने दो।
शब्द के संसार को अब मौन होने दो॥

अधर की मुस्कान आँखों की चमक को
सपन सा सुकुमार कोई बीज बोने दो।
शब्द के संसार को अब मौन होने दो॥

पूरी कविता के लिए यहाँ click करें...

रचयिता : समणी सत्यप्रज्ञा

Liked it! - 3

When corruption is Queen, confusion is King..

-Unknown

Every act of love is a work of peace,
no matter how small.
-Mother Teresa

(Taken from Deepak Chopra's website intentblog.com)

Cric Jokes

1)

Sachin's SON: Mummy mummy !! dekho papa six pe six maar rahe hain

Sachin's WIFE: Beta theek se dekho,advertisement hoga


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2)

After the shameful defeat of Team India ,
the team members were not able to
show their faces to people and they
chose not to go in public and rather
just pack up in hotel rooms.

Dravid could not resist for too long to be
in the hotel room and still not be able to go out shopping.

So he disguises himself as a Sardar and goes out.

He meets a woman at the exit of the hotel
who greets him "Hi Dravid!"

Surprised for having been caught he
comes back and makes himself up as
a muslim woman - in Burkha etc and goes
out. Yet the same woman greets
him "Hi Dravid!".

Dravid comes back
determined to give it yet another try with the make up
of a Hippie wig and shorts etc.

All in vain, the same lady catches him
again and greets him "Hi Dravid!".

Bewildered by now, he could not help asking, "How did you
recognise me?"

The lady replied - "I am Sachin!"

Liked it! - 2

Zyada paisa kamaa lena ya concrete ki aur zyada imaaratein khadi kar lena..... main ise development nahi manta... aadmi aadmi se door hota ja raha hai... yeh kya developmet hai? kise tum development kahte ho??

- My friend Nitin Gautam, in a conversation to someone.

Liked it!

There are two forms of love prevalent... spiritual and physical. Internal and external. The spiritual ones dislike the physical ones, whereas the physical ones think spiritual ones as stupids. The physical ones mostly are extrovert and the spiritual ones introvert.
-Anonymous.

My favourite websites...

Here are some of my favorite websites!


Wikipedia: What a site!
Raaga.com
Kaavyaalaya
javedakhtar.com
orkut.com
Flickr.com: My Photo Album
pagetutor.com : Excellent web page tutorials
mouthshut.com : Reviews and comments on anything
download.com
NSE stock chart
moneycontrol.com
The Equity Desk.com
Current Stock News: Link contributed by an Anonymous
http://timesofindia.indiatimes.com/OPINION/Columnists/Swaminomics/articlelist/21649661.cms

Kuchh is tarah....A song by Atif

Liked the below linked song sung by Atif, Music by Mithun.

Click here to listen

(The song would take some time to download fully. It can be then heard uninterruptedly again switching on the volume.)