Buffett starts 6 July 1962 letter with the Prediction paragraph, which he was mentioned in 1961 letter dated 24 January 1962, I am not repeating it here again, In first half of 1962, till 30 June 1962, Dow Declined with the overall loss of 21.7% including dividend, “A declining Dow gives us our chance to shine and pile up the
» Read moreThe second memo from Howard Marks, named “First Quarter Performance” written in 1991, I am reviewing today, is very short but very important to understand from investor perspective. Howard starts this memo by saying “The mood swings of the securities markets resemble the movement of a pendulum.” The price of a stock, always behave like pendulum, its rotates from high
» Read moreAs I reading awesome book of Brian Tracy “Change your thinking, change your life” as I am a big fan and admirer of Brian Tracy, He is a writer, Speaker and Self development mentor. This book can give you a platform, for your life, its important and enjoyable reading. Who are you? You are not, who you are present, you
» Read moreWriting on 1961 performance, Buffett write “We will do relatively well compared to the general market in down or static markets, but that we may not look so good in advancing markets. In strongly advancing markets I expect to have real difficulty keeping up with the general market.” Buffet performance is good till date, and in down or static market,
» Read moreIn Intelligent Investor, one of the great book ever written on value investing by Benjamin Graham, The preface written by Warren Buffett, in that preface Buffett says “To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep
» Read moreFrom July 1961 Buffett start writing more than one letter for each year, As partners commented that once a year letter was “a long time between drinks” as per Buffett It is not difficult to find something to say twice a year, In first half of 1961 Dow gain was 13% Including dividend, while BPL return was moderately better than
» Read moreIn 1967 Letter to partners Buffett explained the great points, in today’s equity analysis world, people divided in two groups qualitative and quantitative analysis, but Buffett suggest something different, let’s look what he said…… The evaluation of securities and businesses for investment purposes has always involved a mixture of qualitative and quantitative factors. At the one extreme, the analyst exclusively
» Read moreWarren Buffett start this letter with general market commentary on 1959 and 1960. As in 1960 the Industrial Average declined from 679 to 616 or 9.3% if dividend calculated the loss will be 6.3%, as per the Buffett guess the 90% of companies outperform the Industrial average. While on New York stock exchange 653 stocks losses and 404 showed the
» Read moreWarren Buffett start this letter with general market commentary and advance decline ratios of stock. Most of the investment group like Tri-Continental corp. had a difficult time in comparison with the Industrial Average. “Most of you know I have been very apprehensive about general stock market levels for several years. To date, this caution has been unnecessary. By previous
» Read moreIn today’s, over calculated, software world, we as an investor always calculates investment return in lot of ways. Investors do the return calculation, as per their own convenience. In today’s investment world, performance measurement in the field of equity investment has been largely corrupted and unclear with terms like, alpha, beta, sharp ratios etc, and color code system, all that
» Read moreIn Indian stock market, everyone wants to make money, not Indian specifically, everyone in equity market across the world, would like to make money, but the real question is, are people making money? I think yes, Few days back one of my friends had discussed with me, he is buying stocks because, there are bonus announcement by company, de merger
» Read more“An investment in knowledge pays the best interest” Benjamin Franklin First of all sorry for not writing regularly from last two months, I am busy in reading books and my personal work…. Today my special focus on two books, you can read about this book in my “Special Report – The Study of a Value Investor” I always recommend the
» Read moreFew days back I have a discussion with one of my dear friend, Prasad, I always admire him for his rational advice. We are friend from college days, and we have regular discussion on various topic. One day he give me a call and discuss about stock market investing, after discussion I came to know, he has a great wisdom
» Read moreDear Readers, Big sorry from my end, that is from last so many days, I had not written a single word. The simple answer to this, I am quite busy in my personal life. Let’s Start with the Few Questions? To cover the chessboard with rice, putting one grain of rice on the first square, and then on every subsequent
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