It was a long but absorbing Mentoring Saturday,October 8,2016 at the NSE BKC Boardroom with the graduates of the Exchange’s 11 month long Wealth Management Program…Fundamental Equity Sessions ,with the latest stats too as of Friday,October 7,2016 & real time online support too covering Market Dynamics,Macros & Micros,Oil,Gold,Leading Rates :Inflation,Interest & Exchange,Union Budget & Economic Reforms,Global Headwinds,FPIs,Valuation,Buffett & Lynch,Beta,WACC…..loads of Company Illustrations….right from 9.30 am straight past 8 pm (5.30 pm was scheduled close) with Tea/Coffee Twice served ongoing & only a break for lunch nearing 2 pm
Came across the use of Opprobrium in context of the shaming the conduct of Valeant Pharmaceuticals, once the darling of Wall Street
It stands for Harsh Criticism or Censure or public disgrace for shameful conduct…. Valeant has been accused of Price gouging, secret network of speciality pharmacies & fraud
Always loved the Bluntness of Charlie Munger ,Vice Chairman of Berkshire Hathaway.He’s 92 now and his words carry huge weight
Yesterday at BH’s AGM in Omaha,both Warren Buffett & he took on pre-selected questions for several hours.This Q & A is one of the most awaited sessions at the AGM
Methinks every Indian Equity Investor needs a dose of Rakesh Jhunjhunwala (RJ) every few years! ~ any sooner it could be an Overdose ! 😆 ~ just kidding !
I like the guy ! ~ right since I interacted with him when I invited him around 15 years ago at the turn of this century for interacting in an evening Q & A session with my packed class of @ 90 participants in my Equity Portfolio Structuring and Stock Analysis Workshop at the BSE Training Institute as I thought he would add practical value & he did
It was a grand power packed Sunday Afternoon at Sofitel BKC’s Banquet Hall with a friend couple hosting a pre wedding lunch for the FM & his wife’s daughter & her husband to be….congratulated them & wished them all the best & caught up with a lot of friends and acquaintances,many of them ‘Who’s Who’ in the World of Politics,Business,Medicine,Education,Media,Banking,Equity,Broking,Bollywood & Music &….exchanged pleasantries with some & banter with others ! ….it was a heady cocktail mix !….so you can consider this blogpost as a hangover !
Wow! A Full House NSE Training Fundamental Workshop yesterday !
Seems to get bigger & better every time !
Did the first one on August 8,2015 and had blogged on it as linked below
Sunday, August 16th, 2015
Did this one too on “Interpretation of Financial Statements for Stock Analysis” under NSE’s Rapid Series at their NSE BKC Complex
@ 30 Participants,both genders aged 22 to 58 from leading Broking Firms,Corporates,Banks and even Individuals who had come on dot and stayed till 8 pm ! expecting to learn how to read financial statements and market dynamics to assess risks and opportunities in Indian Equities
Last Evening interacted with Ramesh Damani ….glad to have caught up with him after awhile…..he presented historical evidence of Global Bull Runs where Indices have zoomed 5x and 6 x in as quick time as 5 years and the biggest of all being 21 x by Nikkei…. says we have commenced one in India from Sensex 17500 levels in August 2013
Rolling on his thought I asked him that at 28000 currently we are at only 0.6x two years down! so would he hazard a guess where we would be in a few years and would that then make even the passive Index Investing a good if not great Wealth Creation Approach for the next few years