저자: RaamdeoAgrawal · 외국인
요약 보기
현금 보유 대신 투자 유지 주장. 버핏의 현금 보유를 언급하며 자신은 현금을 거의 두지 않았다고 설명. 인도 시장은 연 15% 수익이 기대되므로 레버리지 없이 장기 보유 권장. 외국인(FII) 매도로 주가가 하락 중이지만 회복이 빠를 것이라 예상하고, 하락은 저가 매수 기회라고 강조. 기업 가치는 변하지 않고 가격만 변한다는 관점에서 펀더멘털 리서치와 향후 10~15년 이익 추정을 강조.
다듬은 글
largest broking firm h I never had a cash in fact I never seen in thousands of CR portfolio I've never seen even 10 cres 20 CR balance like Buffet is really surprised me his half the balance sheet is Cash $350 billion $325 billion of cash so so so actually even before I met Buffett Buffett we heard about him in ' 94 but even from from 87 onwards I was the most vicious buyer of a stock I used to buy stocks against Wan you know what is wan you know that it used to be 15 days trading so you keep accumulating your trades and then it it used to get settled after 15 days you know in t plus 20 and all so during this 15 days you used to make brokerage and The Brokerage used to come after the settlement I used to buy stocks Against The Brokerage so I was never getting brokerage I was always getting stocks in in turn so I was always buying stocks continuously and then when Buffett I heard about Buffett and read about him I got convinced that I'm on the right track don't leverage when you have this kind of a strategy don't leverage and you have a market like India where your 15% is guaranteed I mean whatever it falls it may fall right now it may fall by 10 7 8% it has fallen another 7% 10% it may fall by you know we have to talk more than another one lakh 2 lakh sales but after that what once they stop selling my flow is still on and it's tough to get back in the it will get back in 10 days just watch it they may sell for 2 months 3 months wherever it goes but it will come back to new High in 10 days the moment they stop it oh really yeah again they have to sell another 3 l to again depress it any women investor who want to ask a question I'll come next to you in the room during this time uh tough time where FIS are selling you are investing big on portfolio and you see daily so how do you keep conviction on your stocks yeah it is a better time to buy when the market goes down by another 20% it will become the best time to buy see because see ultimately value of the companies are not changing only price is changing if the FIS are selling what was avable for 100 rupees that has become 50 rupees so should you buy at 50 rupes or 100 rupees the same stock you should buy at 50 rupees isn't it so that's what is happening but it is not about fi selling and all what is my conviction of the value what do what do I think is the fair value of the company if my fair value of the company is say 150 instead of buying at 100 I'm buying at 80 or 70 or something like that so my portfolio return will go up isn't it yes so but then doing the research behind doing your numbers doing your reading uh going and uh going and meeting the management trying to figure out the competition and uh really understanding everything how how much see fundamentally you have to figure out how much money this company is going to make in next 10 15 years once it gets into your head run your own Excel sheet you're good guy small young and very good in software you can make your own spreadsheet make your spreadsheet take the total of the profit is going to make if it is significantly lower than that you're sitting on a winner
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