저자: 무라리 · 외국인
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워런 버핏의 투자 원칙(능력범위 내 투자, 장기 보유, 역발상, 인내)을 소개하며 아메리칸익스프레스 사례(살라드오일 스캔들 후 급락 매수, 3년 후 2배)와 코카콜라 장기 보유 사례를 설명한다. 단기 매매를 비판하고 유동성 펀드·인덱스 펀드를 권한다. 특정 종목의 향후 1~3개월 가격 전망은 명시되지 않았다.
다듬은 글
Warren Buffett has never invested in a single technology company . He says he doesn't know what it's doing . Let's go holidays it's time to travel beyond the bounds of time. There is no better place than this . Villa flats now available from just 11.99 lakhs at Yoghurt Oom Right Anchor Properties. Our Manja Groups is a premium smart flat community in Ibadan .
Similarly, if you have invested in a company, continue to follow that company. Because if you invested, I also own that company. Someone has an idea of how the actual stock market works . They won't have the money. After he starts the company and runs it successfully, he will ask people for this money.
People who have all the money will give their money and become junior partners in the company. But what are they doing today? They're wondering if they can buy today and sell tomorrow. Tell me yourself. Have you ever started a business today and closed it tomorrow ? If I don't know how to analyze the stock market, a better option would be to go for liquid funds and index funds.
For example, if you go to buy a dress and there is no discount, you will buy a lot. Avoid buying during off-season sales and buy one or two. But only in the stock market do they buy a lot when the rate is high. The discount is available for the discount of the seed. So this is what happens when you are opposite .
If you think you know everything, you can't find anything in the market or anywhere else. If you've started a business, you should give it time, or not. That's what I've been taught, it should be in the long run . I should have invested in it. I need the money tomorrow, I need it next year, I need it in two years.
I shouldn't have invested in it . Because the market won't go anywhere in two years. Even standing in one place. Even if you don't study very much, what is the basic B ratio? Will there be any income or profit from it? What is the potential of that profit house? Just watching this is enough. You can buy a company.
But Warren Buffett wants to buy American Express Bank . But the price is trading higher than its purchase value . Warren Buffett is waiting for what we are doing . But they never bought credit card business or traveler's check business . 23 of the worldwide travelers' check business is conducted through AMEX banks.
This is the correct rate, Poontu says, and he gives 5%. Three years later, he doubled the amount he had bought from American Express Bank. Well, no matter how many things we read, hear, and learn, we still have a certain mindset when we come here. You said that when everyone is afraid, we shouldn't be afraid in that place.
Everyone comes and says that we shouldn't come and be Greek wherever they are, but when we come and do the opposite, we see what happens. There is a tension in the stock market, but without it, we can make money . How does one develop this mindset? I have only one correction to make to what you said.
Warren Buffett said that when others are greedy, we are greedy. Now we have seen so many examples. We saw Sea Scandi, we saw Kokola, he did everything he said . He did what he was told, he didn't lose anything, he had a long standing in everything, he must have been in Gokul for about 30 or 35 years.
The Sea Scandal has been there for more than 50 years . Don't go beyond your circle of competence and invest in a technology company. We have seen all of this. Now, let's take an example from Warren's life, to see if this is a good thing. American Express Bank is a terrible, prestigious bank. It's the kind of bank where you're considered a big guy if you have an account at that bank .
All important banking activities take place at this American Express bank. Then came the important activity of the credit card business. If you have that credit card, you're a big guy. If you have that American Express credit card, you have value . Similarly, they issue a lot of traveler's checks. Travelers Checks came into existence at that time, but Western Union Money Transfer is not like that now.
If they gave you a traveler's check, take it and give it to the Amex bank you're at, and they'll give them the dollars. So this came all over the country and American Express Bank, American Express Bank all over the world had this . But Warren Buffett wants to buy American Express Bank . But the price is trading higher than its purchase value .
Now we will have the same amount . I want to buy this, but the price is too high. Warren Buffett is waiting for what we are doing. This is called a warehouse receipt at American Express Bank . That means a warehouse is a large building where you can store and protect your belongings . There will be a recipe for that .
You can get a loan from the bank by showing the receipt of what the item is worth. There is a company called Allied Vegetable Oil Company. The company that makes this vegetable salad oil will say it's soybean oil. Whatever he does, he has a lot of soybean oil stored in his warehouse. He takes that warehouse receipt and gives it to a bank, uses it as a basis, and gets a loan.
If he has ₹100, he will borrow ₹60. He also takes out a loan from American Express Bank in the same way. Beauty is what you buy and do with it. Let's buy it and call it futures in the oil market. Our futures and options derivatives should n't go too far into that. He buys what futures mean. Let's say someone is building a bed because the price of oil is going up .
He goes there and buys those futures. When you buy futures automatically, the price of those futures goes up. When futures prices rise, oil prices also rise. Then the price of his stock in Kodavan also rises. When he sells oil outside, he sells it profitably. He is making a lot of profit. Bhat is working on a small business there.
What he's doing is filling the existing containers with seawater. You know that oil floats on water. They filled it with seawater, put a thin layer of oil on top of it, and borrowed money from all the banks to make it look like it was full of oil. Now let's get back to our gold jewelry loan. You gave me the covering joke.
If you bought it on a mortgage, will it bring you any money? It won't come. The bank is losing money now. American Express Bank had given a large loan to the Allied Vegetable Oil Company. Paste on the warehouse receipt. A guy who came to inspect this found this. An inspector came in and found this and told me about this whistle blower.
Did you see that? Similarly, the guy who works in the warehouse found this and gave it to the American Express bank. I don't know what American Express Bank is doing. As soon as this matter came out, the stock price took a 40% hit. It has dropped below the 40% it was trading at because the loan they gave will not be repaid.
They also arrested the promoter named Antonio. What does the sea water do to them as collateral ? So Bank suffered a heavy loss. The leader is Warren Buffett. How does 40% fall? The Shera Vidha falls down. They are scared and are buying shares, just like our retail investors are offering . Our leader is here.
Look, Amex Bank is the only place where you can get a foothold. This is a short-term flip. But they never took any credit card business or traveler's check business. 23 of the traveler's check businesses around the world are operated through AMEX Bank . This is the correct rate, Poontu says, and he gives 5%.
Three years after he bought American Express Bank, it has doubled in size. He still has American Express Bank in his portfolio. So, people come here and want to know if this is temporary or permanent . People are afraid of something because they don't know how to analyze it. If you look at it psychologically, we would call it a heart mentality, like a sheep's heart.
If one goat is enough, all the goats will follow automatically. There is only one shepherd for shepherding, right? The only job is to shepherd the sheep correctly. The rest of the game will follow suit. Even the butcher shop will follow suit. Like that, when everyone else was leaving, he bravely stepped down.
The reason I'm brave enough to step down is because I've already read the entire annual report and have it ready. There is Castile. Fall down. He is waiting for the time to come . Does a flying fish wait for a fish to come to swim? A crane doesn't wait like that . If you stack 5% 5% in Max, look how much there is.
I forgot to say something about Coca-Cola . Their share of the park was 1/4 of the total capital of Hatwela Anna, 25% of which was purchased by Kokkolal Shera . If Coca-Cola had been a buyer from 1988 to 1990, we would n't be talking about our Warren Buffett today. Because that company is a 25% sole proprietorship.
We call this a name concentration risk . Harvard Musk has an investor named Harvard Marks, who has talked a lot about this. Warren Buffett took that risk, saying that if you concentrate your portfolio, one mistake could wipe out all your equity. Why did he take it? He took it because he knew about it.
The person who bought it from Amex bought it because they knew about it. As I said in the last three years, the picture he took is still hidden in the double . Sir, you have been coming to this stock market for so many years and you have been studying this related topic. You've done a lot of research.
Warren Buffett's principles that you follow in your experience. The first principle I follow is to never lose a crocodile. Because none of us can even come close to Warren Buffett . But what he told me was, "Don't lose the crocodile." Read a lot. He reads 500 pages a day. Let's go, he is still studying at the age of 94.
I'll see if I can read at least 50 pages. Similarly, if you have invested in a company, continue to follow that company. Because if you invested, I would also own that company. Because if there is a company with 10 shares, I also own those 10 companies . Does anyone have an idea of how the actual stock market works?
He wo n't have any money. After he started the company and ran it successfully, he started collecting money from people. Whatever people have money, they will give it to them and become junior partners in the company. But what are they doing today? They're wondering if they can buy today and sell tomorrow.
Tell me, would you start a business today and close it tomorrow? If you start a business, should you give it time or not? That's what I've learned, it should be in the long run. I've learned all this from making a lot of mistakes. Warren Buffett should be in the long run and not lose his investment, and he should be seen as a good company .
We have studied research analysis to analyze it. So I like to analyze things, and I've bought good companies by analyzing them . I am ready to wait . Similarly, if I invest in it, I need the money tomorrow, I need it next year, and I need it in two years, I shouldn't invest in it. Because the market won't go anywhere in two years.
Even standing in one place. The Japanese market has been stagnant for 30 years . So, you should bring the remaining money to the stock market to meet our needs. Look at your emergency fund. I need to check your life insurance. If I don't know how to analyze the stock market, then going for liquid funds and index funds is a better option.
Honestly, that's the point we made. You have to be consistent. We need to continue to make those investments . There has to be discipline. You need to give the compound time to cure . The time to compound is 10 years, 20 years, not 2 or 3 years. If you want to take a quote from Warren Buffett's life, I'll read it with a Coca-Cola.
It's a big eye- opener for me. I don't think I'll be able to do it for 40 years . So if we can't be like that, the athlete can go and touch his feet. Sir, you just came to tell me that you learned so much about the Coca-Cola Company while studying it. Is there any information about any other company like this that you don't know?
What I learned from Warren Buffett's Investment Strategies is this cheesecake and Coca-Cola. So, I learned a lot of lessons from that, and I also learned one lesson from this experience . Even if you don't study very much, what is the basic B ratio? Is there enough income for that? Will there be profit?
What is the potential for recovering that profit? Just watching this is enough. You can buy a company. If you think the price is too high, just wait like this crane. One day, for some reason, all my doubts will be cleared up. No, this company will be fine. A company like this will collapse because of some negativity.
Then go and buy it. I can give you a small example from life . I think 22 20 2022. An allegation was made against Infosys . The whistle blower inside is someone who makes it. Infosys came to say something like there was an accounting fraud and said, "Whatever it is, we'll face it ." The stock, which was above 1500 when I got to Annai, has continued to fall and is now around 670 .
Infosys is a good company. All the bills that come to America are in dollars . Our Indian currency will remain slightly undervalued against the dollar. Then we can buy that company and have our fix already made. But the price is very high. I bought Infosys through this opportunity store. This doesn't mean you have to go to Infosys and buy it right away .
Now, where is the rate? You are a company, you are beating yourself up. You must have bought some kind of switch. Do you like that company? Look at that company . Is income increasing? Keep an eye on the profits . Do you think the price is too high ? Wait . For some reason. Some reason. If the stock price goes down due to some internal or external circumstances, whether it's due to the company or not, go ahead and buy it, it will definitely go up.
Okay, now we're looking at the investment strategies of Vernon Pappert . Are there any companies that he has sued? As you said, be it Candy, Coca-Cola, Apple, they all come and are good companies that can make good profits . How do we bind profitable companies like this? What I'm saying now is that income should continue to increase.
As I said, consistency is very important even in your investments. You should be investing a certain amount every month . Consistency is very important. If you were consistent and didn't stop it from growing, no one could stop it from compounding. Similarly, a company's sales force must keep track of how much business it is doing year after year.
It shouldn't be like that: ₹1000 one year, ₹500 the next year, and ₹ 2000 the next year. This year it's ₹1000, next year it's 1100, 1300, 1500. If it's progressive, you can come and put that company on your radar . But, as I said, if you want to look at any company, just look around and you will find 20-30 companies that will suit you .
Which company is doing this? If only sales increased, it would be worth it . All we need is profit, so we run our own company. We need profit. Then the profit also increased by the same amount. It's going up by 10%. If it's only the bottom 5% that's going up, then they'll spend a lot on some small advertising or marketing .
So if that goes up 10% and this goes up 10%, then the chances are that it's a good company . Put it on your radar. For some reason, they come to the market and attack. Another small thing is that an action paste will work when it comes to the market . Seven times 1000, another 2000, another 3000. So, coming to the market, I have no idea what this company is worth .
The psychology of humans involved in the market. He will go there and buy it, saying, "Oh, this is just a piece of cake." We'll start by saying that we've just landed. But I have to buy it when I get off. You have to sell it when you climb. For example, you go to buy a dress. If there is no discount, you will buy a lot.
Avoid buying during off-season sales and buy one or two. But only in the stock market do they buy a lot when the rate is high. The discount is in your hand . For a discount. So this is what happens when you are opposite . If you have this in mind and organized correctly, your investment journey will be very smooth.
For all the fans, if you read a little bit and understand what I've written, it will be very, very easy for you to upskill yourself a little in this area, not just in your investments, but in your day-to-day life, your business, your career. So now we have seen companies that have come to us and made a lot of profits .
Are there any losing stocks like Warren Buffett's in his life ? Even now, he bought an airline company. It was sold at a loss. Warren Buffett, who had said he would never buy an airline company, bought an airline company. Even then, he sold it at a very small loss . But the seed has come out. If we make a mistake, we shouldn't let that mistake linger.
Let's call it anchoring bias. Do n't hang on to it. Once, realizing that it was wrong, he came out and planted it. Similarly, you are asking now, "I have 5000 companies, so why invest in them?" We saw the circle of competence . Warren Buffett has never invested in a single technology company . He said it wasn't in my circle of competence.
I don't know what it's doing. Who is Warren Buffett, he says, " I don't know what it does." Everyone needs this quality. If you think you know everything, you can't find anything in the market or anywhere else. But Warren Buffett stopped it by saying he didn't know. You may ask, is Apple a technology company now?
But Apple is a consumer product company. Today, you can buy an iPhone even for 2 lakh rupees . What we said in our cheese candy example, and what we said in the Coca-Cola example, is that if people keep buying it even if it's a bad deal, that's brand value. He bought Apple for that brand value. That apple has also sprouted seeds now.
But the cheesecake is a candy cake. This is the Warren Buffett style of investing. Sir, you came to the show today and shared a lot of things with us, from Warren Buffett's life to his investment strategies . Thank you very much for participating in the event. See you at the next event. Thank you so much .
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