Archives: 2007 September
Sell half and play with the profit ?
September 27th, 2007, No Comments
Scenario: I bought a stock for Rs 50. My intrinsic value estimate was Rs 100. The stock quickly doubled and then some more. It quotes at Rs 125 now. What should I do?The most common response I read and have also heard from friends is this – Sell half your holding and recover your investment. [...]
Gujarat gas – Recent review
September 23rd, 2007, 4 Comments
I invested in Gujarat gas back in 2003 and exited my position by 2006. I recently read the following post on ranjit’s blog. As Gujarat gas is one of his top 5 holdings, I decided to re-look at the company to see what I am missing out as I had exited my position sometime back [...]
Feeling smart …like the duck
September 21st, 2007, 2 Comments
In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond. – Warren [...]
Hidden value – Kirloskar oil engines – Report card
September 17th, 2007, 11 Comments
I posted on Kirloskar oil engines in oct 2006. I had noted that the company has investment holding in other group companies and JV’s of around Rs 95/ share. My own intrinsic value calculations were in the range of 320-350 Rs/ share. So how did the stock fare? My personal history with the stock is [...]
Book notes – Way of the Turtle – Final post
September 15th, 2007, No Comments
Final post on my notes with my comments in italics Earlier posts on the same book here,here, here and hereThe thirteenth chapter discusses how robust systems can be developed. Systems which work in varying market situations are robust. The author gives an example from biological systems. He refers to the concept of simplicity and diversity. [...]
Negative review – Way of the Turtle
September 13th, 2007, No Comments
I received the following comment from senthil. He pointed out to a negative review on the book (see link in the comment) – Way of the turtle on which I have been posting for the past few days. I found some review comments to be valid. However at the same time the reviewer has choosen [...]
