Just returned from the Gujarat Leg of Workshops…Being fairly fluent in Gujarati,my mother tongue too, really helped as most of the interaction was in Gujarati……It’s been a gratifying and satisfying and enjoyable experience to have conceived and conducted Internal Training Workhops for one of India’s largest broking group…Completed Five and some more to go in North and South India
The Two day Workhop focuses on Grasping Fundamentals to add Value to Client Relationships and covers Time Value of Money,Valuation,US Economic Crisis,Indian Budget,Market Dynamics,Investment Gurus and their approach,Investor Mistakes,Logical Thinking,Integrity,Insider Trading,Hedging, and the Security Analysis and Portfolio Managment Process…It’s aimed at Relationship Managers,Associates and those that deal directly with Clients..either advising them,executing their deals or simply representing the firm with them
Several Concepts were examined…’Beta’ being an interesting one….How Aggressive players,Valuers and Hedgers use it despite it being debunked by several,including Warren Buffett
It’s really been fun interacting with a wide spectrum of Men and Women,both young and old,who aggregated their emotions and experiences in the workshops to liven the proccedings
Yes,”P” from Mumbai,your ‘Praj’ has worked !…It’s up from Rs 57 to Rs 79….you did say your target was Rs 75 ! and that too within 15 days !….All I advice you is to assess and then take the Risk by distinguishing Momentum and Valuation
And yes “Mrs M ” from Vadodora,I’m glad you conveyed that the one significant takeaway for you from this workshop is that ‘Value’ and ‘Price’ are two seperate issues !
And “Mr B” from Rajkot,you’re brain is surely a whiz one when in comes to Number Crunching…you were computing even faster than I was !
And “Mr U” you said the Sensex will touch 21000 by 2010 !…Now you know,why this looks fundamentally improbable…it would need a favourable play of all three…significant earnings momentum,better PE rating and a quantum jump in Liquidity,especially FII Inflows….Quite Unlikely
Oh ! and thanks “Mr V” for suggesting I drop the “Cheers” Glass from my blog photo and even the Slides Photo….You will notice there is no Glass Now !…Happy !? Now,as you had feared, no one should feel that I’m doing all that I’m doing for a peg of whisky !
The feedback I’ve received is very encouraging…clearly there is more thirst for Knowledge….and interestingly the Vision Statement of this Group states that ‘Knowledge is the Driver,not Capital’
I gave out interesting and relevant Books and Movie Cds to participants who interacted well or came out tops in quizzing etc…I’m sure it was not just the ‘Moment’ that caused the participants to vie with each other for these…..but those that got the Books actually will read them
Most Participants knew ‘What’ to do but needed guidance on ‘How’ to do it
Like I always state “Academics without Action and Theory without Application is useless’