원문 보기
No, it's very simple for me, sis I have been practicing this so it's okay for more than two three decades, so that is why I can say that it's easy, but of course investing is not easy, but it is simple, but not easy because we only make everything complex, so as you know that I am uplighting the SMILE formula that everybody knows, so we are not going to discuss that, beside this some, but please give the full form may be there or a new view, I am in, who have heard much about the SMILE philosophy, his philosophy of investing is either SMILE A stands for small in size, medium in experience, large in aspiration and extra large in market potential, so this is what I am following, so I am trying to catch a fish in the ocean, not a crocodile in the pond, because if you are today, you are a small fish, you can Transform yourself and you have to cover up so this is what I'm looking for in a company but my other philosophy is very simple that I'm I'm just tracking as you can see that an athlete okay which has set a record in the past and if that athlete falls sick I just keep it on my radar I keep that athlete on my radar okay you know like a company which has done some which has created some milestone and now they have failed so I'm waiting for that athlete to recover its past glory and better than that the only thing is that that stamina should be there should be still left in that athlete so so give us some examples from the portfolio if you can of you know the one other stock where you might have adopted this approach so there are many stocks and I think that is the back bone of my Investing like I applied the same formula and again we are talking about stocks so I am not a CV registered consultant I don't pay any services I don't offer any services I don't charge anything no I am a consultant not a broker so we are just trying to understand the thought process that process so like I had but for example Tejas Network during the COVID okay so its a company it was it was one before COVID the stock price was 00 and it was turn at the only company in India in telecom equipment net networking equipment not in services in equipment so it was term as the may be have of you know China potl have of India but ultimately stock price did not do well and company did not do well and the stock price fell from 400 to 500 during COVID and company had a loss of 100 crore in this year and so so it was an athlete j createddocumentsfragment at throw way price and that time i found that all this telecom telecom services company because they are giant like j was there end of course l and vf2 companies as they call them so two these companies were still surviving and other l 10 and 15 company had one you know so now these companies the telecom company had started a doing cases and all and then they had a very bad patch between 2012 and 2019 no xand ad no dp and l so i realised that this is the only company in india which into this network equipment and the future of telecom services company which the customers has started reviving so to me it was a no brainer at that point of time and the kind of money the company were company was losing actually they had cash in the books so i but That's Tejas and luckily it helps me I am just checking the stock market price of Tejas Networks right now as we have this conversation 862 you but close to 40 862 now that is the way a multi bagger is so so that you know pick well performing companies good growth companies in a down turn when things are not going in their favor but if they have the stamina as you said they will bounce back so this is one way any other thing I mean any other tip you would like to share with us in terms of picking a stock now I will give you one example when we sit in the plane the arrow tells you that sir two doors are behind you two doors are in front of you four doors are in the middle keep in mind your nearest door may also be near you yes yes so what I feel that I understood from this is that the story is in front of you in the door near you Here you can sense what is going to happen in India you can sense the story is going to play out you can see where is the next opportunity I realize maybe about a year and a half back that you go to the airport you see the airport has become a bus stand there is absolutely no place to sit there is absolutely no place to sit you see the counters are full and you go to the airlines the planes don't stop everyone stands and it feels like we have come in a bus earlier we used to get on the bus so it feels like we are just inside that bus now so forget it now the one thing I realize sure one luxury became a necessity that is the story to watch that is going to become the next story you know one luxury became a necessity so now coming to this thing so about a year and a half I started looking at all these things around and then I but an airline company again it's not a recommendation just for reference purpose just for Example: I like Indigo, but this I said on TV also the budget last budget day in February before the January first so just looking at this thing I forgot about it I did not see any RO because usually they say airlines are the worst business they never make money right this is like worldly wisdom of the market of course even Mr.
Warren Buffett also says that so maybe he is right but things will change you know he was saying that I will not do anything in technology l something had better performance na I think 30 40 percent of his portfolio is l only so things change and he has also said that principles are outdated he has also said the same thing so I think this airline thing is going to play out for next 10 15 20 years I go I sell ma tum also please remember as well as using I Just try for the benefit of the fellow investors I'm trying to share my thought on how do I judge my story how do I so this is how I feel this idea should be you should think of an idea think of an idea look around and you will find a lot of
댓글 0