저자: VIJAYKEDIA · 외국인
요약 보기
Vijay Kedia는 재무제표보다 성장 가능성과 성장 속도를 중시하는 '치타 찾기' 방식을 설명한다. 정부 정책 포커스와 업계 투자 개시 여부를 섹터 성장의 신호로 보며, 통신업 사례(규제로 투자 중단 → 투자 재개 후 성장)를 예로 든다. 특정 종목이나 자산에 대한 가격 방향 예측 발언은 없다.
다듬은 글
When I choose lions, what do I look for in them? Let me tell you, madam, when I hear the word lion, I think there are all kinds of people in it. Like, if you go to an Ayurvedic doctor, his way of looking at you is different. If you go to a homeopath, he will look at your symptoms. If you go to a vaid, he will check your pulse.
If you go to a witch doctor, he will check your facial expression. So, I am an uneducated person, madam, so I do n't look at the fundamentals much. I don't look at the balance sheet much. I look at EPS. I don't buy shares by saying that ROC, RO, everything is good. I look inside the company to see what is its potential, what is its possibility of growth, how much is its growth.
So, if I tell you in simple words, among all the wild animals in the jungle, I try to find a cheetah. I don't try to find an elephant, or you can say that I don't try to find a fox, whereas all are good, every animal. We are maintaining the ecosystem within our own universe. Every animal has some importance.
Every company is important. Every company can be good, but I look for the cheetah within them which can grow the fastest. So, to grow the fastest, it is important for me to know how much growth this company will make and how quickly it will grow. If it grows after 20 years, then my grand son will come and enjoy it.
What am I going to get from it? Understand that growth in a year or two after I take it. Is the growth starting or not? Another example, madam, I am speaking in my Mumbai language. For example, in Mumbai, understand that there is a train to Church Garh and suppose it is going to Virar, then I am going to catch the train to Church Garh and Virar, so I do not catch it in Dahisar.
Madam, if you might understand this or not, then there is Church Gate, understand A and Da Virar, understand Jad for example, between A and G, so I There is no catch according to the alphabet T or U or V. I try to catch the train that starts with A in B C D. If the train is leaving from Mumbai, then I should catch it till Bombay Central at the most.
So, so that I get a long time, along with that I get 10 years of growth or 5 years or 15 years of growth for the company. So, in this sense, for me personally, the most important thing for me is growth and faster growth. But along with that, it is also important to look at the health of the company.
Like I said, if good times come, if the player comes back to IPL, but the player is still not healthy, if he is still sick, then he will not be able to play. So, by saying this, you have to stay on the pitch in a healthy way. So, I look at the fundamentals of the company. But by saying this, I also look at the fundamentals but I will not invest only on the fundamentals.
If the growth of the company's sector has started, the growth of the total sector and the company is capable of participating in it and it has set a record earlier, then I will invest in that company. I will do it in the company even if the fundamentals are not that good today, it is very simple, there is not much complexity in it, the biggest raw material here is to catch the story in the stock market, observe what is happening where, as I told you, observe what is happening where, and the sector generally prospers the fastest, that sector becomes the one which the government wants, the one where the government focuses, because the government has so much intelligence mind, they have so many bureaucrats and they have all the data in their hands, the government has that what is happening in which economy, in which sector, what is happening in other countries, so what things will we need to reach five trillion from here to there, we have all this data with the government, because of that the government extracts its data and keeps those sectors in focus, so if you keep reading this thing, you will keep getting one channel after another, so one is of the government Focus and secondly the focus of the industry people is that you should see in which sector investment has started now, growth of any sector does not happen without investment, so many times you will see, let me give you an example like we talked about telecom companies, there were 15-20 companies and later only two and a half companies were left and after that J came in 14-15-16, whenever Jio etc.
must have come, then in the first 10 years the telecom company did not make any big investment, if you see, in India we were running on 2G and 3G did not even come in India and we were running less on 2G only and 5G had come in China, the interesting thing is that we were so backward because no one wanted to invest because there was a restriction of the government due to RK that you cannot increase the rates of telecom, you cannot increase how much you are charging in mobile, so the companies stopped investing, so Jio1 or After 18, they started investing, jio3.com started with the idea of investing, from there the sector changed, so when the industry starts investing within its sector and not just one industrialist, but all the companies of that sector, according to their balance sheets, start feeling that the lamps have started burning and the kites have started coming, then understand that Diwali is about to come.
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