Browsing All Posts filed under »On Value Investing«

Expanding on The First Principles of Equity Investment – Part II

June 27, 2011

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This post continues where I left off in part I. Past Indicates Future But Beware the Recency Effect I have always relied at the past performance of a company to predict its future results. I firmly believe that history is a far better guide to future performance than any exercise, qualitative or quantitative, that aims to […]

Expanding on The First Principles of Equity Investment – Part I

May 30, 2011

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In an earlier post I have written about the first principles that drive my equity investment decisions. I have been asked to expand on those principles and so in this post am going to do exactly that for the first two principles. Investors are Owners: Think Like One If I were to own a company […]

Are You a Trader or an Investor?

May 23, 2011

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If the stock market is your chosen area of operation, then, in my mind, there is no question more important to answer than Are you a Trader or an Investor? So what’s the difference A trader looks for mismatch in the supply & demand for a commodity, focusses on filling the gap and thereby earns […]

My First Principles of Equity Investment

April 26, 2011

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The Value Investing approach has thoroughly influenced my investment decisions for the past 8 years that I have been actively managing my investments in the Indian equity market. I have earlier written a two-part blog post on how the value investment approach to pick my portfolio allowed me to ride rather successfully through the 2008-09 […]

Surviving the 2008 Stock Market Meltdown – Part Deux

April 3, 2011

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In part 1 of this story, I had set the context in which I made the decision to invest in 10 stocks on 30 Jan 2008. As I had noted there, making the decision to invest just before the meltdown was not hard to live with; one could always rationalize the decision by saying that the future […]

Surviving the 2008 Stock Market Meltdown – Part 1

March 27, 2011

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In the week that Warren Buffett made his first trip to India, I thought it appropriate to share my experience in using the value investing approach to pick stocks. Buffett is arguably the world’s most successful and certainly the most celebrated practitioner of the value investing approach and it was indeed his success story that got me […]