저자: TalanSaab · 외국인
요약 보기
영상은 Peter Lynch식 투자 철학을 소개한다. 펀드매니저 Johnson의 '자본 보전이 아닌 수익 추구' 철학, 규율·단순한 수학의 중요성, 저평가(바겐) 종목 발굴로 2천만 달러 포트폴리오가 90억 달러로 성장했다는 사례를 설명한다. 또한 1950~1960년대 다우 지수가 약 2배 상승했고 1980년대 역대 최고치 언급 등 과거 지수 흐름을 소개한다. 특정 자산에 대한 향후 가격 예측 발언은 없다.
다듬은 글
First of all, in the second session, we would like to know a little about his biography. We would like to know about Talan Saab's biography because he is one of the most celebrated fund managers of Fidelity, who built a portfolio of 20 million. He plays the role of a fund manager who comes to the Gulf to play.
You must have often seen him in movies, there is a guy who is tough and assists them. So, he first took up golf at the age of 11 to help his single mother. So, he has told what he learned from this. Like in the golf course, now see, we have already told what he does and who he is. The first benefit he got from this is access to the expensive country club golf courses where big MDs, CEOs, CFOs, who are the fund managers of the company, we can call them, use to come and this is where his passion started first, like CEOs, COs, etc.
So, this is where his passion first developed. Okay, after that, he gave him a And the thing that he benefited from working as a working caddie, and we can learn this much from this, he had bad days in his life and good days, okay guys, I saw how challenging his life is, so as we explained that at the age of 11, he took the caddie course, the most important thing for investment, what should I tell you, another thing that I would tell you is discipline, okay, it is very important for you to have discipline in life, so he had learned, he had learned discipline in his life from where, okay, from 1967 to 1969, he served in the military for three years, three years, see, you buy shares and you sell them, it's fixed, you realize a profit not today, it may be tomorrow, it may be one year later, it may be two years later, it may be after 10 years later, and maybe you want to sell it as long as you don't see the profit, so this is the thing, but it is a discipline that you learn.
You want to make a profit of Rs. 1000 from the market within a day. You are a normal retail investor. But even after making a profit, you make Rs. 1500, then Rs. 2000. Then you find out that it suddenly starts falling completely. So what happens to you is that you incur a loss. While making a profit, let's say you have a loss of Rs.
500. Or you have held the position. Maybe you have some other perspective on the stock. So, in this way, build a discipline which Buffett has also said a lot that discipline is very important in investing. Similarly, if you go to a gym, discipline is very important there too. You have to go to the gym every day.
Similarly, in the stock market, discipline is important. What is your objective? Stay with it. It is not like that. If you are earning Rs. 1000, then you have set a target of Rs. 1000. If you make a profit of Rs. 1000, then you have to sell your stock and exit the market on that day. He has also done graduation.
In graduation he learned a lot of big things like statistics, advanced calculations, calculus and after that what is called quant analysis, okay, but he says that nothing, these things would really help you make market investment, okay, the sense is that you only know fourth or fifth grade mathematics, plus minus and multiplication or three or four things, if you know that this is well, good, you don't have to do more than this, investing is not rocket science, investment is eight, according to Peter Lynch, listen to me very carefully, guys, according to Peter Lynch, investing is an art, okay, it is not a science, so don't consider it rocket science, okay, simple steps you have to follow, okay, so at that time and even today, Fidelity is one of the funds which has always been a hot selling in mutual funds, okay, so some basic things which he learned from his investment guru like Mr.
Johnson, about whom I quoted him in this way that Mr. Johnson also says that invest in stocks not to preserve the capital, it is not that you put in money and save Rs. 5 lakh or Rs. 5 lakh, you can invest that in FD, you can get RD done, the investment would be safe, you can invest that there also, the problem is we are not making investment to preserve the capital, we are making investment to make the money, take the profit and invest and invest, invest in more stocks and make more money, so this is a philosophy and this is the philosophy of Johnson who was the fund manager of Fidelity, so he has followed the same thing, so see what happened, he has told in each instance, when Fidelity had a portfolio of 40 shares, then he was asked and he was told that we have to re-portfolio 20 stocks, okay what happened, in one instance itself, after that he increased 40 to 60 stocks, then 8 100 then 120 so they have anyway double moran double stock but why did they do this but they did actually everything because of found two stake bargain, you understand that according to them the price of the stock was less than what according to them the value should be, okay what was value is a different concept that is a matter for later but by comparing value and price the price was less so all the undervalued shares were bargain shares so yes but it was all those bargain shares and they were very lucrative so the fund managers with whom I was working, those people also found it very interesting and they supported me and in such a way a portfolio of 20 million becomes a portfolio of 9 billion and this is how he became the most successful fund manager, okay and apart from that one more thing which he shared is do not invest in the stock market just because your friends are investing, you will have to know a little about the stock market.
Keeping a discipline, a common sense of understanding will have to be taken, okay, so like if I say about stock buying, they have 1950 and 1960, okay, I will write it down and tell you what it is, okay, then I will explain it a little, okay, after that in 1950 and 1960, what is DJI, it is Dow Janus Industrial Average or index, okay, like Nifty and Sussex, in this the industrial companies, all the industrial organizations are listed, okay, apart from that, in Action Next Tak, you also have this stock exchange, after that there is an index, SNP 500, may not stop, I think I might have changed it, sorry, I am not able to delete, but let's cross SNP 500, so Standard & Poor Standard & Poor has 500 stocks, stock people of 500 companies, if it was 100, it became 300 and here it doubled, like suppose here it was 50 or more If it was 300 then double it, you make it 600, then see, you will see such a big jump people and double, okay, despite that, despite that, interesting facts, uncle said it to risky to invest and you will lose your whole money, 1980, some 1980 again, highest of all time, highest of all time, okay, this is a tough lesson, lesson, can you not see it on my screen, okay, I picked this live for you, DJ I December 50, yes friend, welcome back, take 29 cases, okay, 229, 1950, before this, see how much 194, 43, 29 has become more than triple, it is more than triple, okay, as he wrote in the book, after that see, 229, between 50 to 60, 728 is more than two times, more than two times, okay, club a 6, 60 points increase, base increase, okay, this is what he said, but you are watching Let's go to the screen so this is how I explain it from 1950 to 1960 it doubled and before that the index tripled okay and after that in 1990 it was the highest I'm not showing right now by the luck of time by 1980 it was the highest okay my
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