Extract from Wikipedia Brahmanical Tradition Cosmogony and the Antediluvian history [ edit ] According to the Vedic traditions, human history proceeds in cycles, dependent on the evolutions and dissolutions of the world. Time is divided into four ages – Krita Yuga , Treta Yuga , Dvapara Yuga and Kali Yuga – collectively forming one Maha Yuga . Seventy-one Mahayugas form a Manvantara , a period of time over which a Manu presides. In each cycle, this Manu is the first man and also the first king and lawgiver. Every Manvantara has its own set of Indra , gods and seven sages. Fourteen Manvantara create a Kalpa (aeon) , after which the creation comes to a close in a periodical destruction called Pralaya . After that, the creation starts all over again in an endless cycle of evolutions and dissolutions. The traditions relate that the present Kalpa is called Varaha . Out of the fourteen manvantaras ...
In India most of the investors who are stalwarts like Rakesh Jhunjhunwala,RadhaKishan damani,Vijay Kedia,Nemish Shah,Porinju Veliyath,Ramesh Damani ,Dolly Khanna,Chandrakant Sampat all executed the same strategy of Long term value investing to become rich by investing in Stock Markets.Similar is the philosophy followed by Warren Buffet.George Soros become by shorting the Pound and made a killing in the financial markets.
The stories like an investor who invested 10 lakhs in Wipro stocks 30 years back which became 800 crores today are examples of the benefits of long term value investing and its potential to make people rich.The concepts of fundamental analysis and value investing are very crucial to make money in financial markets.
Some extracts from Quora about few above mentioned investors and the way they made money
Rakesh Jhunjhunwala
Rakesh Jhunjhunwala is an Indian investor and trader. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. He is one of the most successful equity investors in India. He made $2.1 billion with a starting capital of $100.
Jhunjhunwala grew up in Mumbai, where his father was an income tax officer. He had interest in stock market from his childhood. After completing his graduation, he decided to make his career in stock market. His father gave him Rs5000 for investing. He borrowed extra Rs250000 from his brother’s client and promised her to give 18% interest annually. Similarly he got more Rs500000 from another man. Hence his total initial investment was near about Rs755000.
Mr. Rakesh Jhunjhunwala earned the profit of almost 8 to 10 lakhs in his initial days of trading. After that he has never seen back. He believes that trading is not opinion based; it is trend and price based. According to him, in order to be successful in investments, it’s important to keep four things in mind, that are There has to be an attractive external opportunity, sustainable competitive advantage, operating leverage and high-quality management. He is the board member of Aptech and Hungama Digital Media and a number of other companies. Today he is an inspiration to many investors in India. To know about Rakesh Jhunjhunwala click on the link below and watch the video.
Radhakishan Damani
Radhakishan is a successful businessman and investor of India. Before becoming a stock market investor Radhakishan Damani used to do small business of Ball bearings. In his initial days in stock market he earned good profit by doing trading and investing in MNC’s. In 1992 Radhakishan Damani earned good profit by short selling of shares. Short selling is the technique which is used to earn the profits if the price of shares decreases. In short selling first the stocks are sold and then when price decreases again stocks are purchased.
In 1992 prices of many stock were rising very high due to Harshad Mehta Bull Run. Harshad Mehta used the money of banks to manipulate the stock market, hence prices of many stocks were increasing. Damani knew that Stock Market will soon crash hence he started short selling stocks. Damani’s prediction was right and stock market crashed in 1992 due to Harshad Mehta scam and he earned good profit.
Mr. Damani was inspired by value investor Mr. Chandrakant Sampat and started investing in stock market for long term. Mr. Damani has earned good profits by long term investments. In 2002 he started the business of retail chain named as D-Mart and is successfully running it till the date.
Mr. Damani is not well educated and have left his studies in 1st year of http://B.Com. But he have proved it that it is not education that makes you successful but it’s your passion and determination towards your work. Today Mr. Radhakishan Damani is one of the most successful entrepreneur of India. According to Forbes, the net worth of Mr. Damani and his family is near about Rs50000 crores and he is the 10th richest person of India. To know more about Mr. Damani watch the video below.
Vijay Kedia
Mr. Vijay Kedia is the very well-known and successful Indian investor. He was born in a stock broking family and was interested in stock market from his childhood. He started trading in stock market, when he was just 19. In his initial days of trading he earned good profit but later, suffered with huge losses. Then he started his own business but again failed in it. After trading for almost 10 years he realized that he has not earned much profit and hence focused his attention on Investing.
Mr. Kedia learnt about investing by himself since there were very rare sources to learn about Investing. He started reading newspapers, magazines and annual reports of companies from very initial stage of his investing career which helped him to increase his knowledge.
In 1989 he moved to Mumbai from Kolkata. His first stock in investing career was of Punjab Tractor. There was almost 4 to 5 times growth in price of share of Punjab tractor in just 3 years. Mr.Kedia earned good profit by selling the shares of Punjab Tractors. Then he purchased the share of ACC Ltd for Rs300. Due to Harshad Meheta bull run in share market in 1992 ACC’s price increased from Rs300 to Rs3000. He then sold it for Rs3000 and again earned good profit. He got the return of almost 4000% in shares of Aegis Logistics.
Mr. Kedia never buys the share of any company before studying about the company’s management, performance etc. He says that every investor should have 3 qualities that is knowledge, courage and patience.
Today net worth of Mr. Vijay Kedia is almost Rs1000 crores. And he is inspiration to many young investors. To know more about Mr. Vijay Kedia just see the video below.
Nemish Shah
Nemish Shah is the co-founder of ENAM, one of the best investment houses in India. He’s also one of the top retail investors in the country. Nemish Shah’s investment philosophy is actually quite similar to that of Warren Buffet. He believes in investing in firms that benefit from growing consumption. Shah’s investments in Asahi India, the supplier of automotive glass, have multiplied about 3 or 4 times in 3 years.
I’ve listed his main investment principles below.
If the return on capital employed (ROCE) numbers are less than nine percent, the company is not worth investing in.
The most important thing is how the firm’s future growth is planned. When promoters constantly raise capital, the equity gets diluted.
According to Nemish Shah, it is mandatory to look at the quality of management before investing. As long as the management is focused and understands the allocation of capital, the company has the potential for future growth.
Shah focuses on long-term investing in the Indian equity markets. He uses a bottom-up research approach to identify high-quality businesses which have sustainable competitive advantages and the capability for long-term growth.
Although Nemish Shah is one of the best retail investors in India, there is not a lot of information available about him. He is a deeply spiritual person and is notoriously private.However, his investing techniques are excellent and you can certainly try them out yourself.
Porinju Veliyath
Mr. Porinju Veliyath is a well-known Indian investor and fund manager. He manages his own portfolio as a partner in his portfolio management firm Equity Intelligence India Ltd. He has been called a small-cap czar by The Economic Times.
Mr. Porinju Veliyath was born in Indian state Kerala on 6 June 1962. He was born in a poor family, so to support his family he started working from the age of 17. Then he moved to Ernakulum where he worked as Telephone operator in Ernakulum telephone exchange, simultaneously he was pursuing his LLB from Ernakulum Law College. He was enthusiastic about stock market from his childhood. Hence to follow his passion he moved to Mumbai after completing his graduation.
In Mumbai, he started his first job as a Floor Trader with Kotak Securities. He used to enjoy doing this job, and learned many things. After some days he switched to Parag Parikh securities as a research analyst and fund manager. Then he worked with Geojit Securities in Kochi and finally in 2002 started his own company named as Equity Intelligence Pvt.Ltd in Kochi.
Mr. Porinju Veliyath is a value investor and defines value investing as “Buying rupee worth of assets by paying few paise”. He buys the shares of company which has strong fundamentals and then holds it for long duration. Due to this he has earned many multibagger returns on stocks. Mr. Porinju believes in exit strategy and sells the shares if he founds them overvalued. He has earned multibagger returns on stocks of many companies like Balaji Amines, Orient paper, Biocoin, TCI etc.
Mr. Porinju Veliyath says that if you invest in stock market as Disciplined Value Investor then you will surely get good returns. He says that use your common sense and wisdom while investing and always analyse and study the fundamentals of company before investing. He says that you should learn from your mistakes. Today he is inspiration to many young investors.
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