I agree. One forgets the origin of the Ambani empire. It is only one generation old!

i agree... one forget's the origins of the reliance empire.... its only one generation old!

hi, i read an article on Mukesh Ambani "a life less ordinary". It was great to know the background of one of the top diversified company in India. i appreciate the effort taken by Moneycontrol and The Smart Manager in bring this up. Looking forward to read more and more

sam pitroda's views on India are so on the mark. With everyone talking about rural infrasctructure, we should be clear about these areas in India

Thanx for Good ideas by global leaders.
I hope in near future we will find new articals.

i just read the Sam Pitroda article on this page.... great tips for team building...

This is an excellent move. I read the Sam Pitroda piece. Hope to see more interesting stuff happenning. Cheers
Sonia

..like the new section....Sam Pitroda is an inspiration to many. The idea of getting managers to teach managers...is a good idea. Can we have more stories by indian leaders

Dear Boarders,

The Smart Manager, India's first world-class management journal is now on moneycontrol. "Managers are the best teachers of managers", and who better to learn from than - the BEST.

You can get great ideas and advise directly from leaders such as Narayana Murthy, M S Vindi Banga, C K Prahalad, Chandrababu Naidu and Martin Sorrell to name a few. The Smart Manager aims to teach Indian managers and entreprenuers about better leadership, implementation, team building etc. It is about learning new skills and generating ideas that will help you in your career.

The mission is to present implementable solutions for world class professionals and to update readers on the latest thought provoking strategic ideas. The contributors include experienced writers, educationalists, managers and politicians. Check this new section now on the news page and send us your feedback and suggestions.

-MMB Moderator

The Smart Manager section on moneycontrol is very interesting. It highlights ideas from business leaders across the world. Very usefull stuff. Especially since the articles are directly written by people like Narayana Murty and C K prahalad. Its like getting advise directly from the experts..

Check it out.

wat does p/e ratio signify to the stock market

ncdex certificate course

Dear Eashwar,
You are absolutly right that there can be no mechanical way of making money in stock market.

However some qualities will always help you in any market condition like discipline & patience. In the beginning, I made many mistakes, basically over trading and selling too soon. There is long list of stock where I sold at 30% - 40% profit and it went all the way to 6-8 times. Just imagine.

My stock selection has been reasonably OK. After making mistakes I turned to books in big way and reading really helped. Now I have reasonable collection of books on stock market. If you know some good titles let me know. I will try to pick them, during my next visit to Delhi.

I still read some old favourite books (Intelligent Investor, One up on wall street etc.). They just reinforce the basics.

I give more emphasis to fundamentals as compared to technicals. Very primitive TA is used to get the support levels for buying and to identify break-out etc. Basically I am medium to long term investor.

Bye for now

Regards

Arun

Hi Arun

Our profiles match quite closely. I too got into stock mkt full time from Jan, 2004.
I too started of my career with government and switched to private sector. Like you said my tech. books are in the attic and stk mkt books are in book case, but rarely accessed. I also switched to online to avoid hazzles of payment, delivery etc. I got into stk mkts in Jan, 2000 and hence had oppourtunity to experience bull and bear mkts from a close range and learnt some lessons the hardway by losing over 70% of my investment.
The most important lesson I learnt is that there are no lessons that can stand the test of time and remain valid under all circumstances and hence they should not be followed mechanically.

Rgds

Hi eashwar,
I admire your ability to hit the nail on the head with great accuracy, consistently.

Dear MD,

Good Morning

Following broker completly can be good short term solution. As you are devoting lot of time to stock market and don't mind reading, prepare yourself and start picking up stock (may be imaginary portfolio). But slowly and surely be on your own. Eashwar seems to me, as a very practical person. He can help you with your strategy. Sumit is give you lessons, anyway.

Brokers in general are helpful but they have dual loyalities and sometimes customer gets caught in their interest.

As for the other matter, I can give you a very good positive reason for you being pulled into all this, but would not like to open the closed chapter.

Regards

Arun

Hi Akaarun,

I am completely tuned out of markets and i do as my broker tells me now and then.. glued to CNBC throughout the day.. better that way.. at least i can avoid venting out and making enemies here...and pulled into situations which i did not forsee..

Imagine having to read somebody's post, interpret the intent and play the game without having followed threads for two weeks, without hurting anybody..without thanks and getting myself hurt in the bargain.. is it easy to digest?

rgds

Thanks Sumit,

Now that it is all sorted out.. we will get on with our discussion on stocks.

I am fine and will be careful henceforth.

Rgds

Hi Fundooo

What Warren has said is with respect to US stock mkts. In the US the inflation is low, was less than 1% and now I beleive it is little higher. The returns one get there from other investment avenues are sub 4%. The benchmark return from stock mkts in US over long term is 11%. In this context a 15% return will be correctly considered as over optimistic.

Benchmark return is a return one can get from a well diversified equity fund over a long term typically 10years or more.

In India Franklin Templ. Blue chip fund will fit this definition and it has given a 15% annualised return over 10 years and hence that can be taken as the benchmark fig. I verified this fig. by using it in DCF(Discounted Cash Flow) model for stock price estimation and found the results to be quite reasonable which implies that this fig. is not way off the mark.
I know too well how difficult it is to push the average return up by even 1% over a long term and one defnitely needs to do some home work to achieve even the 15% return. For example if you go on a 1000 km journey by car, you can touch over 100km speed many times during the journey but at the end if you calculate your average speed it will still fall around 50-55KM/hr range(in Indian road conditions). I think the same thing happens with investments also. The law of averages catches up always.

Dear Eashwar,
There is nothing like being on your own. I was a public sector employee/ privated sector employee thenm an enterprenure and a specialist in power plant automation.

Now all technical books are locked in godrej almirah. Only stock market books are in book case. Have been buying share for quiet sometime, but plunged full time since Jan 2004 (sensex 6000), after discovering on-line trading. This period has been good to all of us. Earlier, I hated frequent visits to broker.

Hence, as such, I have not felt a bear phase from close range but can visualise same, after reading many books. I love to read books. You get to know tricks of the trade, without burning your fingers in big way.

Keep in touch, will make our journey more pleasant.

Regards

Arun

hI MD

Come on dont take anything to heart i dont knw wat had OT posted tht hurt u alot but the reply suggests it was somethin really bizzard

dont spoil yr health aftr mmb

take care
rgds
sumit

Md

u said u watch tv all day long thn also u dont know

remember on zee tv sometime ago they planned to start a show business bazigaar...idea lao paisa le jao

subash chandra was the guy promoting it himself n he used to say jab mei hissar se aaya tab kya thha mere paas

10rs and sapney kuch kar dikhaney ko its then he went over creatin the zee empire adding all types of new channels not even lookin whether anyone watches half of those

He became a typical vegetable vendor if u have potatoes u need to have onions too then u wld need lemon and bhaiya dhaniya mirchi to free hota hai na uske paise kaise chalo jaldee se daal do LOL

so with zee tv came zee cinema thn zee mgm, zee urdu, punjabi, marathi u wont belive i got to know half of the lingos prevalent in india only after chandra floated tv channels on them like uriya, hez floated zee kannad too, marathi and wat not

last heard today he's sitting healthy on cash and has a float of abt 45-55 channels all from rs 10

thts zee in short for u

rgds
sumit