Rich Dad Poor Dad - Notes

I was sifting through my old notes and then found the notes I had written from the book 'Rich Dad Poor Dad.' That was dated February 2006, so 17 years ago.

This book is a must-read for everyone.

Here are the notes...

• A 'useless person' is someone who lacks the courage to persist and gives up whenever life presents challenges. They live their entire lives playing it safe, doing the right things, but never taking risks or seizing opportunities.
• It's often easier to change yourself than to try to change everyone else around you.
• The happiness that money brings is often short-lived, and people often find themselves constantly chasing more money in search of more joy, pleasure, security, and comfort.
• Human life is a continuous struggle between ignorance and enlightenment.
• As the saying goes, 'A fool and his money are soon parted.'
• If you find that you've dug yourself into a hole, the best course of action is to stop digging.
• The golden rule applies: those who possess gold make the rules.
• The wealthy invest in assets, the poor only accumulate expenses, and the middle class often confuses liabilities with assets.
• Robin Hood, as the book suggests, may not be as noble as we once thought.
• Taxes, which were initially intended to penalize the rich, often end up burdening the very poor who supported them.
• Financial intelligence consists of knowledge in four broad areas: accounting, investing, understanding markets, and law.
• Holding onto old, outdated ideas can be a significant liability.
• Many people miss the opportunity of a lifetime, even when it's right in front of them.
• It's not just about how much money you make, but how much you manage to keep that truly matters.
• Understanding the distinction between assets and liabilities is crucial.
• A job can provide a short-term solution to a long-term problem.
• The book advises paying yourself first, and then addressing your creditors and taxes.
• Don't let the pessimism of others affect your decision-making.
• Three crucial management skills include cash flow management, people management, and personal time management.
• Combining intelligence with arrogance often results in ignorance."

The Unusual Billionaires

This book had been on my to-do list for quite some time, and finally, I was able to accomplish the task. Needless to say, it's a very insightful book, literally taking you back in time and allowing you to see how some of the great companies have evolved, what makes them great, and how to identify such gems (in stock market investors' parlance, the multi-baggers).

Saurabh Mukherjea discusses the success stories of eight Indian companies and their founders. Some of the unique traits of each of the companies are listed below:

Asian Paints: Seven decades of excellence

• Founders: Champaklal H. Choksey, Suryakant C. Dani, Arvind R. Vakil, and Chimanlal N. Choksi.
• Asian Paints' success lies in its strong distribution network and brand.
• The company has a focus on product innovation and customer satisfaction.
• The founders emphasized quality and operational efficiency.

I can vouch for Asian Paints as a happy customer, in the span of 10 years have painted my entire house using Asian paints. They stand out in quality, variety, and availability.

Berger Paints: 250 Years in the making

• Founder: Lewis Berger.
• Berger Paints' success is attributed to its innovation in products and processes.
• The company emphasizes customer-centricity.
• Berger Paints has a legacy of strong leadership.

Page Industries (Jockey): Jockeying from Manila to Bangalore

• Founder: Sunder Genomal
• Page Industries found success through its exclusive license to manufacture Jockey products in India.
• It followed a disciplined and focused approach to brand-building.
• The founders emphasized ethical business practices.

The first time I knew about this company was when I was exploring for good stocks in the stock market, I was shocked by the share price. I used to wonder who would buy this stock. After reading the book, I regretted what a gem this is and I missed it. I knew the brand Jockey much before the company :).

Axis Bank: Confounding the skeptics repeatedly

• Axis Bank's growth is tied to its customer-centric approach.
• The bank's founders established a culture of risk management.
• It focused on technology and customer service.

HDFC Bank (under Aditya Puri's leadership):

• HDFC Bank's success is attributed to Aditya Puri's leadership and vision.
• The bank prioritized risk management and maintaining a strong balance sheet.
• It invested in technology to enhance customer service.

I am a customer and investor in this company and have not been happy in recent times. The stock has been a laggard in the stock market, despite some good numbers. It is one of the highest-earning companies on the street. I'm hoping that some synergy benefits will yield from the recent merger with HDFC in the coming days.

Marico: From commodity trader to FMCG giant

• Founder: Harsh C. Mariwala.
• Marico's success came from its focus on the consumer and product innovation.
• The company had a strategy of entering underpenetrated markets.
• It established a culture of entrepreneurship within the organization

Titan Company:

• Founder: Xerxes Desai.
• Titan Company succeeded through innovation and diversification.
• The company's founders emphasized product quality and design.
• It adapted to changing market dynamics and consumer preferences.

I am a happy investor in this company

Astral Poly Technik: To the brink and back

• Astral Poly Technik's success is tied to its focus on product quality and innovation.
• The company invested in research and development.
• It established strong relationships with customers and distributors.

I can recommend them as a customer because they are the best in the market. The story of Astral is nothing short of a thriller. The way the company rose from the ashes like a phoenix shows the mettle of an entrepreneur and the belief in the vision, which are important for achieving success

In the book, Mukherjea explores the unique strategies, philosophies, and management approaches that set these companies apart and allowed them to achieve exceptional results in the stock market. Each company's success is attributed to a combination of factors such as visionary leadership, innovation, customer-centricity, and a focus on long-term value creation. Readers can gain deeper insights into these companies and their founders by referring to the book for a more comprehensive understanding of their unique secrets to success.

Some Mental models and principles from the book.

1. Long-Term Focus: Prioritizing long-term value creation over short-term gains is a recurring theme in the book. Successful billionaires maintain a patient approach to investing and business growth.
2. Economic Moat: The concept of an economic moat, inspired by Warren Buffett, is emphasized. Companies with a durable competitive advantage and strong barriers to entry are preferred.
3. Quality Over Quantity: Successful investors and businesses focus on high-quality assets and opportunities rather than diversifying excessively.
4. Financial Discipline: Conservative financial management, prudent capital allocation, and a focus on cash flows are crucial for long-term success.
5. Conservative Debt Management: The billionaires featured in the book tend to avoid excessive leverage and prioritize maintaining strong balance sheets.
6. Market Leadership: Many of the billionaires' businesses are market leaders, benefiting from market dominance and pricing power.
7. Founder-Centric Approach: Visionary founders play a pivotal role in shaping the companies and ensuring their continued success.
8. Corporate Governance: The book underscores the importance of good corporate governance practices in building and maintaining investor trust.
9. Sustainable Growth: Rather than chasing short-term profits, these billionaires prioritize sustainable growth and building businesses that can endure over time.
10. Value Investing: Some of the principles of value investing, such as buying undervalued stocks and focusing on intrinsic value, are evident in the book.
11. Frugality and Efficiency: The importance of running a lean and efficient operation is highlighted as a way to maximize profitability.
12. Innovation: While a long-term focus is crucial, successful billionaires also invest in innovation to stay relevant and adapt to changing market conditions.
13. Scalability: Many of the businesses discussed in the book have successfully scaled their operations, often leveraging technology and efficient processes.
14. Consumer-Centric Approach: Some billionaires prioritize understanding and catering to consumer needs and preferences to drive business growth.
15. Margin of Safety: The idea of having a margin of safety when making investments is mentioned, reducing the risk of capital loss.

Saurabh Mukherjea introduces the concept of the "Coffee Can Portfolio." This portfolio approach is derived from a historical investment practice that was inspired by the way people in the Old West used to store their valuables in a coffee can buried in the backyard. The Coffee Can Portfolio is essentially a long-term, buy-and-hold investment strategy that emphasizes simplicity, patience, and minimal intervention.

There is a website that I used to screen stocks, You may also check it out. Screener.

There is a ready-made screener, called "Coffee Can portfolio". Below is the query

• Sales growth > 10% AND
• Sales growth 10Years  > 10% AND
• Return on equity > 15% AND
• Average return on capital employed 10Years > 15% AND
• Market Capitalization > 1000

While you may get a good list of stocks when you run that query please note there is no guarantee that each of those stocks is good. You will need to do a thorough analysis and there are many other metrics one needs to look into before deciding on investing in a stock.

Disclaimer: This post is not a recommendation to buy any stocks. Please do your own research before buying any stock.

Bonus Trivia: There is a term in stock market fraternity for the blue chip stocks like those mentioned in the book. Its called 'BAAP' stocks. BAAP stands for Buy At Any Price.

Psychology of Money

This is one of my favorite books, and I recommend it to everyone I know, urging them to read it at least once in a lifetime. I enjoyed reading it so much that I couldn't put the book down and finished it in record time. Allow me to summarize this book here in the hope that it may also influence some of you to read it.

I was so much inspired by this book that I am following Morgan Housel on Twitter and I keep retweeting the learning from the book in my Twitter feed.

The book explores the complex relationship between human psychology and financial decision-making. It's structured around key principles and anecdotes that shed light on the various ways people approach money and wealth. Lets get into some key learning from the book.

The Importance of Behavior: Can't emphasize more that the most critical factor in financial success is not intelligence or financial knowledge, but behavior. Understanding one's own psychology and behavioral biases is crucial for making sound financial decisions.

The Power of Compounding: Compounding has an extraordinary impact over time. Small, consistent investments can grow significantly when given time to compound. Warren Buffett is a living example, who became a billionaire through the power of compounding.

Here, I am quoting something from 'Atomic Habits' that is relevant and exemplifies the concept of compounding: 'If you get one percent better each day for one year, you'll end up thirty-seven times better by the time you're done.' This is why small choices don't make much of a difference at the time but add up over the long term. - James Clear

Risk and Uncertainty: While risk can be quantified and managed, uncertainty is unpredictable. People often underestimate the role of uncertainty in financial markets and make poor decisions as a result.

Housel also uses the story of Alfred Winslow Jones, who is credited with creating the first hedge fund, to explain the concept of risk-adjusted returns and the benefits of diversification.

The Importance of Saving: The book stresses the significance of saving money, even if it's a small amount. Housel cites the story of Ronald Read, a janitor and gas station attendant who amassed a multi-million dollar fortune through consistent saving and investing.

The Role of Luck: While many people don't believe in luck, Housel argues that luck plays a significant role in financial success and that many successful individuals owe part of their prosperity to luck. Recognizing this can help people avoid overconfidence and make better decisions

I believe in GOD, that helps me to be more grounded. Housel shares the story of Richard Fuscone, a millionaire who went bankrupt because he borrowed heavily to invest in risky ventures. This illustrates the dangers of excessive leverage and overconfidence.

The Influence of Herd Behavior: Housel discusses how herd behavior and the fear of missing out can lead to poor investment decisions. He uses historical examples, such as the dot-com bubble and the housing market crash, to illustrate the dangers of following the crowd. 

This is something I feel is the strong reason why a lot of fin-fluencers fleece on gullible people. These people always create a sense of urgency amongst people and they lure people into subscribing to their classes/workshops or the stock tips. The book references the financial market's emotional roller coaster, particularly during times of extreme optimism and pessimism, as seen in the 2008 financial crisis and the Bitcoin boom.

The Value of Time: Housel highlights the concept of "getting rich slowly" and the patience required for long-term financial success. He provides examples of individuals who built wealth over decades, emphasizing that quick riches are the exception, not the rule.

There is the case of Chris Sacca, a successful venture capitalist, who initially struggled with investing due to impatience. Sacca's early investment decisions serve as a lesson in the importance of time and patience.

Mental Models: Some mental models that can serve as good tools for better decision-making are below.

1. Compounding: The power of compounding is a fundamental mental model in the book. Understanding the exponential growth of money can encourage individuals to save and invest wisely.
2. Margin of Safety: Borrowed from value investing, the concept of a margin of safety involves making financial decisions that leave room for error or unexpected events. It's a mental model that encourages cautious and conservative financial planning.
3. Time Horizon: Housel discusses the importance of considering your time horizon when making financial decisions. Short-term thinking often leads to impulsive and detrimental actions, whereas a longer-term perspective can promote more rational choices.
4. The Circle of Competence: Borrowed from Warren Buffett, this model suggests that individuals should invest in areas they understand. Housel advises against investing in complex financial instruments or businesses you don't comprehend fully. like For example, if you don't understand blockchain better not gamble with the cryptocurrencies that boomed a few years back and are biting dust now.
5. The Paradox of Wealth: Housel explores the idea that wealth can often bring as many challenges and problems as it solves. This mental model encourages readers to think about the true purpose of accumulating wealth and the potential downsides of pursuing it relentlessly.
6. Loss Aversion: Housel discusses the well-known behavioral economics concept of loss aversion. People tend to feel the pain of losses more acutely than the pleasure of gains, leading to risk-averse behavior. Understanding this bias can help individuals make more rational investment decisions.
7. Hindsight Bias: Hindsight bias is the tendency to believe, after an event has occurred, that the outcome is predictable. Housel cautions against this bias by highlighting the unpredictable nature of financial markets and the danger of overconfidence.
8. The House Money Effect: This mental model refers to the idea that people tend to take more risks with money they perceive as "house money" or winnings. Housel discusses how understanding this concept can help individuals avoid reckless behavior after experiencing financial gains.
9. Narrow Framing: Narrow framing is the tendency to view financial decisions in isolation rather than considering their broader impact. Housel encourages readers to adopt a more holistic and long-term perspective when making financial choices.
10. Diversification: Housel emphasizes the importance of diversifying one's investments to manage risk effectively. This mental model underscores the idea that spreading investments across different asset classes can help protect against significant losses.

Bonus Tip : Reasonable > Rational

My tweet post on twitter(X) goes like this, "Clearing my home loan may not be rational considering the prevailing low-interest rates, tax benefits, and opportunity cost(equity returns) but it is reasonable to me being debt free."

There were low-interest times a couple of months back and it made sense to take loans and purchase assets or if you already had a loan then continue paying the interest on the loan and enjoy the capital gains on the investments made. But one key learning I picked up from the book is it is important to be reasonable over rational. Staying debt-free offers financial peace of mind, increased savings and investing opportunities, lower financial risk, reduced stress, and greater control over your financial future, among other benefits. It allows you to allocate your income toward your goals and values rather than servicing debt. And that staying debt-free I consider being reasonable.

Tools to make lives easy

Apart from random rambling, the thing which interests more is meddling with Microsoft excel.

                                              

I feel, how much ever we may use the MS excel in our daily life but it will be only be an iota of its full potential.

 

The following are some of the models I have developed using excel, which I use for my daily activities. You can find them in the right sidebar of the blog also.

 

EMI & Tax Calculator

The EMI to be paid for a loan amount, period and interest rate is calculated. Also the payment schedule and the pre-closure charges are calculated. In addition to that the tax saving on taking a home loan is also calculated.

 

Electricity Bill Calculator (APCPDCL)

The Bill is pertaining to only APCPDCL. You can calculate the units consumed based on the usage and calculate the bill for the units consumed. Also you can back calculate the units for the incurred bill amount.

 

 

 

 

Personal Accounts Karchapani

This is the standard karchapani tool customised further for all practical purposed

 

 

 

 

 

Chit Funds Analysis

A tool to calculate the returns for a chit fund.

Click here to read the blog post explaining the chit funds.

 

 

 

 

 

 

 

 

 

 

Request: You may please let me know if there are any mistakes/improvements in the models.

Chit Fund Analysis

Chit Fund is the most unorganized and unregulated savings scheme followed in our country. Read this wiki link for more technical details on chit funds in India. There are some professionally run chit funds like Margadarsi chits, Sri Ram, Kapil chits etc, who keep spamming our television channels with their ads pursuading people to invest with them

 

Chit funds were always something esoteric for me and I had never ventured into nor was intrigued to know more details about it till the last month. Thanks to my mother. One fine sunday my mother came to me, while we were casually chatting she started flaunting about her new chit investment. She was excited that she was going to start investing her second chit fund, which is run by her friend. She was more excited that she was doing this without my dad's knowledge ;)

 

She showed me the commision chart and was of an opinion that she was saving a lot by that and was all praises for her friend. The latter part was something I couldnt digest not that I am being a prick but I believe no one will do anything so generously. So that is when I got onto the job of chit fund analysis.

 

I had keyed in all of the numbers into excel and put in all my MBA concepts to calculate the actual savings. After I showed my calculation to my mother on how her friend has been so generously making money at the cost of all her friends..my MOM was shocked and grumbled few swear words on her not so nicer friend..and took back her decision to take up the second chit fund.

 

 

For the benefit of all my readers.. the below is a pictorial illustration on how chit funds work.

 

You can download the excel analysis I did to evaluate the chit fund. This excel model is a very generic one and can be used to analyse any type of chit fund. I have made it dynamic with the following input variables

 

Total Chit Amount

Chit Duration

Commission Type (Linear or Dynamic)

Initial Commission (For Linear Type of Commission)

For Dynamic type, the person can enter the commission values directly next to the payment schedule

Interest Rate (Bank saving interest rate)

Chit Call Time (The month when you bid)

 

 

The output values are the Net-present value, Internal rate of return, Total Sum and Total Worth (considering investing of the bid amount @ Bank interest rate)

 

Please read the "Read More" sheet in the excel for more details. You may please comment back in this post if there are any mistakes in the excel model and also suggest any improvements. Thanks in advance :) 

 

 



Even Hitler faced it - Downfall :)

This is a parody showing how Hitler got affected by the housing bubble burst.

Credit crisis - simplified

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

I haven't seen any thing which explains in much simpler way than this. It is worth a watch.

Interesting stuff

Anything can happen in an year. Dow made a lifetime high exactly an year back and now it's still not settled down, yet to find its base.
It fell almost by 40% in this one year.

Today Dow fell by '678.9' pts, isn't it interesting :)

An interesting comment by Marc Faber, investment analyst.
" The federal government is sending each of us a $600 rebate.

If we spend that money at Wal-Mart, the money goes to China.
If we spend it on gasoline it goes to the Arabs.
If we buy a computer it will go to India.
If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala.
If we purchase a good car it will go to Germany.
If we purchase useless crap it will go to Taiwan and none of it will help the American economy.

The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I’ve been doing my part."

Aliens!!!! Please save us

Inspite of all the rate cuts, bailouts etc...
markets just follow the 'true south' policy

Hope some alien investors come down to earth and invest in our markets॥

Winter Sale – Rates slashed hurry limited period offer closes soon

Ø The Fed reduced its benchmark rate to 1.5 percent

Ø The ECB's main rate is now 3.75 percent

Ø Canada's fell to 2.5 percent

Ø U.K.'s rate dropped to 4.5 percent

Ø Sweden's rate declined to 4.25 percent

Ø China cut interest rates for the second time in three weeks, reducing the main rate to 6.93 percent

The Great Recession

Two major recruiters vanished on one fine day.

No one ever thought this could happen.

One is a 158 yr old and the other 94yr old, both of them went through the 2 major world wars,the great depression,9/11 etc, finally gave up in this recession period.

Who knows history may label this period as the Great Recession period.

A lot of people had dreams to get into these companies till yesterday.Now people are scared about their future.

I see risks for me in both short term and long term. In short term as a trader and long term as a prospective Ibanker.

Last night, dow crash was worse than 9/11 :O

Rich Dad Poor Dad

...I updated my other blog.
... wrote some points from RDPD which really inspired me.
Hope all my viewers find it useful.


PS: Click on title.

<---no title---->

I dont understand y am building up this tension... i remem last yr i was a lot better ...actually the day before exam i went to office...
but tis time ... as am inching towards the day ..the fear of failing is growing... hmm last two mocks which i took were disasters .. i lost all my hopes ...hmm no more...
i just gave up.. am not goin to take any more mocks...and wednessday will be my last studying day...
the coming sat (on 19th) Wigan vs Arsenal .... this will be one good match to watch....
... except studies everything is goin fine... i made 23% profits on my Pantaloon retail investment..bought it at 1530/- and sold it at 1900/-...all this in just 4 days...
Ok this is my latest protfolio.
BHEL
TCS
SASKEN
GUJARAT AMBUJA CEMENTS
MYSORE CEMENTS :((
ITC
GLENMARK PHARMA
AMTEK AUTO
ANDHRA BANK
CENTURION BANK (merged with Bank of Punjab)
IDFC

Sorry for the delay!!!

This blog is after a long time...all these days was busy with work...hmm working on this caller ring back tone .. (its similar to the hello tune in Airtel.. instead of the regular boring tring tring dial...they play a song...) My work sounds Hifi..but actually isnt.. cos it deals with data flow and crap...its boring and not worth discussing....


Am Sick with these IPOs..applied for Southern online BioTech for 1500shares...didntget any...and for one month my money was blocked...filed a complain at SEBI's website... they are supposed to give interest for the amount i kept..hmmm very bad..am planning to buy furniture this week about 20k worth..thgt if i dont get shares will put that money for that...

Yesterday our CRM team went out for a dinner...dutch party..:)...four of us.sat separately and hogged like dogs...Theres a restuarant Haras..we went there...loved 'fried ice cream' in desserts



am not getting time to watch soccer...just update myself by checking out uefa.com and espnstar.com.."WIGAN Athletic"..first time in Premeire league and is among top four ..too much...never saw them playing.. this time will defly check out..

Hmm nowadays.am studying more at office than home..thanx to pagalguy.com its one good site for catizens!!

PS: Check out the title link..

Weekend update!!!!!!

After a long time I watched EPL…hmm I saw the match between Black burn rovers and West Brom Wich..:)) Black burn rovers played really great… Kuqi is god… what a player!!!!!.
Today.. Chelsea vs. Liverpool.. hope Liverpool wins this match already Chelsea is leading in the table.
This weekend mock was conducted on Saturday.. felt I didn’t do that bad unlike every Sunday ..lets see what I’ll get.

The coming week planning to  apply for Paradyne IPO. This time three of us are going to apply under one application at least can hope to get the minimum lot.
I got psyched when I saw this website . . check it out..
http://securities.stanford.edu/1022/PDYN01/

Hope Paradyne India is not subsidiary of this one.
That’s all for this week.

Sexy!!! Sensexxxxxxx!!!...is India Shining???

Hmm.after that huge correction..today the market is back to its skyrocketting form!..Nifty up by about 80 points...!...experts say it will soon touch 10k..atleast before the new year..i hope that comes true...Its cos of the foreign institutions thers huge cash flow but ..what if they stop doing so...i think thats the end of this bull run....
Sensex touching new highs day by day ...does this really depict our indian economy... The other day i read in BT..they ranked India 55 in Global competitiveness.. its because there is no alround development ..factors like infant mortality..child education all are affecting our growth...i was shocked to read... that around 85% drop out of school...Theres one article in BT which is really interesting..i think its better i put it here in this blog so that my NRI friends over there who dont get a chance to read this will get to know this......
$300 billion : Estimate of hurricane Katrina's toll on the treasury,equal to what it cost the US to fight wars in Afghanistan and Iraq
30Kg: Per capita steel consumption in India, This compares with an average of 200Kg in China and 900 Kg in Korea
20 Million barrels a day: US consumption of oil if lined up in 1-gallon cans this volume would encircle the earth at equator almost 6 times..
90%: Proportion of children between 6 and 14 who enrol in schools in India, 75% of those enrolled drop out by 8th grade..and 85% quit by 12th..
100 Number of commands in the first version of MS word. The 2003 version has more than 1500 commands and 35 tool bars...

This one is the best...!!!
27: The number of signatures needed by Indian companies seeking to export. It requires just 5 signatures in US and 3 in Japan.

I'm disclosing my portfolio
Amtek Auto
Glenmark Pharmaceuticals
TCS
ITC
HPCL
IDFC
Gujarat Ambuja Cements
Mysore Cements
Centurion Bank
JCT elec

The last three are penny stocks ...Of all JCT Elec is the worst pick...These penny sticks are highly unreliable...they can crash any day...they are managed mostly by the manipulators...some of them perform well...they are some scrips which have shown 1000%gains...so one should be very careful when trading in these stocks...

!!

Last week was very bad.....Huge correction..sensex fell below 260 odd points...my portfolio showed only Red...But i think its better be invested than come out of those ..cos sensex is surely goin to touch 10000mark in near future... last time i applied for Sasken IPO didnt get any..same was the story with Talbros...for one full month about 40k was blocked couldnt do anything...I think its better not apply for those cos any way not goin to get them..just tried my luck with Southern Online Biotechnologies..i think even this will be the same story...
This sunday's mock was again bad..hmm not getting time to study also..i'll take leave from mid october...and slog for one full month...thats it...

Whats there in a title...............

This blog is after a long time……hmm …Last week was very busy with work in office.. no time to study also….last Sunday’s mock was a disaster… One thing I’ve observed .. I never crossed verbal cutoff till date .. and last mock cat verbal was again the worst section . All 2 mark quests I attempted went wrong. There were arranging questions for 2 marks, instead of reading those lines I tried to spot answer by just looking at the pattern and that’s it all gone wrong, thank god they went wrong otherwise I will definitely try this in main exam , there cant afford such mistakes…
Quant was OK…but I think every one would have felt like that.. OK this reminds me again that I should study atleast from now .
Ok in the below graph if you see. The most interesting thing is the LA (Logic ability) .
And RC is like my cardiogram…


Now the most interesting thing. Last week I bought Glenmark Pharma 25@285 and currently its trading at 350 hope it goes up am putting sell order at 360. People say it’s a long term investor’s buy. I bought Amtek Auto 265/- currently its trading 305/- , TCS at 1395/- , Gujarat Ambuja at 30@73/- (Rasoni’s suggestion), HPCL at 310/- All seem to go up.
I bought this scrip Centext at 7.23/- and sold it at 8.68… If it comes back to 7/- am goin to buy this again.
The biggest mistake I’ve done is buying sasken at 470/- on the very first day when it got listed now regret for what I’ve done.. learnt a good lesson.
Thers another scrip JCTele because of some wrong info I bought it at 12.5/- this is trading at 11.5.. I should come out of this two soon ….worst picks…
This week there is a new IPO Southern online Bio technologies.. thinking whether to buy this one or not. Last week Amar remedies was listed double it IPO…that was instant profit.. cant say anything…can happen.. HT media went below its IPO…

Ok I think this much is enough for two more weeks…. Till then keep checking my blog… I put the nifty graph at the top of my blog so can use my blog as an alternative to http://nse-india.com



Don’t ask me y I put this pic…I love this one .. this is my desktop wallpaper.

Goof up!!!!!!!!!!!!!!!

Hmm .. After a longtime. one good Monday ..yesterday wrote this Mock CAT...felt it was not a bad one unlike the ones i gave till now.... hope a better performance next week...
….
I guess by now everyone might have applied for CAT and IIFT as the last day is already over......i did major goofups while posting both the App forms.. I posted the CAT form on August15th itself ..that was too early ..Thers a section in the form where we fill in the course we are going to opt for in the specific IIM..by default it is the regular two year program which has no extra charges..so ppl fill that...but i thgt whats harm in filing the others and i filled for the PGDCM course in IIM calcutta in addition to the regular... posted the envelope ... was elated that i was the first in posting the Appl form...the following weekend in our class..one nerd fukker asked me whether i filled for PGDCM...I in total bindaas tone said.....'Yes' i applied for that and was giving him free fundaes about the course...after listening to the whole story he gave me shock of my life...saying a DD of 600bucks and an additional form is to be sent along with the app form if we apply for that course...thats it...i was back to normal...totally scared about whats gonna happen …all the time during class i was thinking ..how to go about ..then i decided to call IIMB.....then i rushed back home took out the brochure and was happy to see that the form and DD can be sent to IIMC any time after this main application and the last date for this is Nov 18th.......was very happy....
ok the next one is highlight....

IIFT... Along with Appl form and DD we are supposed to put two self addressed adhesive labels.The appl form filling and getting a DD took around two days..but for the labels it took 10 days...as there was no stock ..finally on august29th we got a sheet ..the last day was 5th sep so there was enough time ....my friend asked me to post his form also ....he gave me his labels,dd and app form.. I took two office envelopes (:was lazy to buy:).and packed them all.... I asked my dad to post the letters for me.. My dad seeing the office covers asked me post in normal covers as it will not be good to do that... I went out to get covers but couldn’t get them ..then dad said he’ll fill that for me ..i was happy ..tore opened the envelope and put all its contents out in a shelf…the two labels were lying flat on the shelf .. when my dad put the forms in envelopes he didn’t see the labels... ok it was my mistake not telling him about the contents..…then my dad posted the forms… I was happy that both the forms were posted. .. the next day morning I discover that the two labels were still lying in the shelf….and thats it again tension…...all these days I wasted time just for those two labels finally they were of no use…. then I told my friend about this ..he was totally cool…that added to misery…I called up IIFT immediately ..after a lot of struggle finally got the line…..and they said that they’ll take care of the labels ..
so once again saved……

I am fed up with this ICICI direct…very bad service…at the point of time when u want to buy or sell shares the net goes down…the scrips which can be traded are very few…not all can be traded…I am trying this 5paisa.com got a good feedback on that one….Sensex is skyrocketing. .today at one point of time it was 7980..and Nifty at 2440…hmm am happy that TCS is falling…I want it to reach 1320….then I’ll buy back those ten which I sold at 1355….



I am waiting for this Sasken’s listing.. that day I’ll experiment Marginal trading…

Dizziness..to..Bizinesss

Huh!!..after a longtime am updating this one...thers a lot to write ...
hmmm will start from the day i stoppped....it was cos i was sick ...had respiratory infection...thats what my medical report says...the following sunday i didn take mock cat..it was a easy paper i heard....but anyways big difference to me..my performance across all types of exams is the same....its always bad..:))..hope the final will not continue the trend...
applied for IIFT..(indian institute of foreign trade)....i'll do my major in Import & Export and minor in smugggling..:))
The following week was painful..i recovered from illness..but because of a SC(sadistic creature) in office got pained...it always bugs me to update status ..i never commit the end dates...am afraid if i continue writing about this this will be more like a swearsaurus....
Last week i dumped about 25k into shares...19.5k for sasken IPO...still not listed....huh it was over subscribed 78 times...am desperate to get those...these days ipo are hot ..instant profit....last week i put 6800/- i got 13600+...
Last Sunday's mock was like "jhorsa jatka dheerey sey lagi"..paper was fruit..but I screwed it very badly..i did all sorts of mistakes ...high light is.15x3=75...even after exam i was wondering why i got wrong...one of my frenz has redefined maths...he did 3 power 6=9....hmmm the exam tension makes u do all this type of mistakes and the TIME faculty are so inteligent that these mistakes will be one of the options..thats it...
The coming MOck i'll try a different strategy(secret!!!)...this time will crack the paper...hee what confidence...
Now the best part ...last three days the market(sensex) went down badly....ok its not thatbad...All these days BHEL which was around 1150..came down to 1040...so i though it will be good buy...i put an order for 3shares@1030 and 2@1034..dont ask me y i did like this... cos of lack of funds had to do that..but whatever...today it went up to 1110...see...my earnings per share...is alot compared to dumping money in bank(any bank)...am speculating it to go up atleast 1140 tomorrow...this is todays market...
one more surprising thing..theres a scrip APOSIN (Apollo Sinduri).. which is listed at BSE.. day before yesterday in cnbc some one said the stock price will go up by 100 the next day ......thats it...it got locked and no one in market is ready to sell the share..i tried a lot for putting a buy order nothing worked.....and the worst of all is ICICI bank..the worst bank..there customer service is too bad...the web site gets stuck and the callcentre also never gets connected...hmm..what else...this month end Amar Remedies Limited is coming with IPO...i read their offer document..i feel investing in that one is like forgetting the money we invest...will see...so what else..nothing more...will update soon about the result.... not my mockcat's..