Saturday,February 17,2018 Fundamental Value Vs Price Equity Workshop in Mumbai
You Guys Rocked! Now Go Rock the Markets! ~ for what’s Academics & Theory without Action & Application
Full House with all pretty knowledgeable & many market veterans from Mumbai,Dubai,Sangli,Kolhapur,Hyderabad,Thrissur & Gokak~from small Investors to High Networth ~from Broking,Corporate,PSU,MNC Banks,MNC IT companies & FPI fraternity too…from a confident 25 year old to a 60 year old who has seen it all & wants to see some more !
Great Interaction literally from 9 am to 9 pm ! & the Bulls remained alive & kicking on & around the Conference Room table throughout !
We covered them all & more!~Valuing on Assets & Earnings & assessing against Market Price ! ~ Demergers & Delistings & Rights & Non Linear Earnings & Holdings & Acquisitions & New Parentage & Turnarounds & Changing Dynamics in Sectors & Themes like in PSU Banks again! & the GST Impact…& of course hopelessly hanging on to Wealth Destroyers & even averaging in them over the years !
Where are the Sensex & Nifty headed in the coming years…should we be bothered about them & other Macros or simply continue focusing bottom up on specific selections for serious wealth creation…Passive or Active Investing…we discussed all
We covered Investor Gurus Warren Buffett & Peter Lynch & Investor Mistakes of Confirmation Bias,Anchoring & Improper Framing among others…how Multi disciplinary thinking evolves ones into a better person & investor
Corporate Tambola too was fun with prizes for three full houses & instant chocolates to those who correctly guessed the companies…A Special Praise for Hemal,who had enquired if this workshop would be for Beginners,& turned out guessing many companies !
Some other prizes too for some fabulous answers…like the hilarious one from Daya that I should seek another session,this time one to one ,with the pretty girl who had emailed me a query to clear a concept which was not a financial one…she had asked my views on whether Marriage was necessary in modern times & should not ‘live in’ be good enough ! Daya’s response brought the house down!
Chowdhary from ONGC lucidly explained his views on ONGC going forward
Vijay Desai,a clear market veteran, won for being the best participant with some great interaction right throughout
The Magic & Miracle of Compounding & Picking Winners & the Temperament to withstand Drawdowns & Thinking Long Term & Discipline of Asset Allocation…& that Valuation is the strongest leg of the Equity Table & not to get unduly influenced by the other leg of Liquidity that drives the two remaining legs of Sentiment & Momentum…in that we’ve seen the market run ahead of fundamentals often in recent times driven by FPI Inflows & now record MF Inflows=>Demonetisation Cause & Effect?
Pratheesh came in from Thrissur for a record fifth consecutive workshop & deserved a special Memento yet again.Murtaza flew in from Dubai for his fourth workshop in the last five held…he’s working out a plan to hold one in Dubai now for me….a few others too were repeat participants…they register early on workshop announcement…earlier workshops have worked for them clearly… acknowledge them as being the best stamp of approval…thank you guys…Mayuri,Roydon,Mayuresh,Daya,Hitesh,Pravin,Mohamed Ali,Sanjay
Welcomed interaction with first timers Hemal,Gautam,Sameer,Chowdhury,Vijay,Rao,Pravin,Abhinay & Abhijeet
Here’s some of the instant feedback
” Finding a multi-bagger is nice, having someone like Gaurav Parikh guide you on the journey… Priceless! “
“…attend his workshops to learn how valuations operate, what might destroy your wealth and what companies could snowball your investment if you have courage and conviction. And most important you’ll understand why! Investment is not Housie or Triple Pool. There’s logic and discipline and Gaurav will share both with you “
“…indeed refreshing to meet with you”
“…it was a super duper fun filled educational get-together…u rock”
“Thanks a lot buddy for a knowledgeable session”
“great fun & exciting discussions…thanks Gaurav sir”
“Thank you for this wonderful,enjoyable,knowledgeable workshop sir…Jeena has become my Jaan no doubt ,a new family”
” It was really good”
Here are clicks from the Workshop & the Lunch Buffet enjoyed by all