Been extremely busy with personal commitments... Got a breather today and could browse for a few mins... Found this link on net: http://www.joshkaufman.net/personalmba
Have to grab a few books and read... Currently have with me "The Goal"... Let me complete it... Be ready for reviews...
Showing posts with label Personal Growth. Show all posts
Showing posts with label Personal Growth. Show all posts
Wednesday, March 22, 2006
Books to Read
Tuesday, January 31, 2006
Stocks - Investment
Finally, got time to catch up with stocks and investment.
I have decent returns in my stocks till now. I feel so happy at my basic intuition because a few of my stocks that I predicted have increased. Managing both work , MBA apps and stocks is very difficult. Luckily, because I learn a lot about business and stock markets in general because of investing, I am very interested in it. The first thing I do when I come to work is to open www.moneycontrol.com :) As I introspected, I became aware of a few mistakes that I was doing. These could be generalised to other domains as well.
1. If you are investing based on some one else's tip, you HAVE TO invest according to their game.
I should have learnt this in the first instance itself. One of my friends, a short term player, suggested me to buy "Uttam Galva" a steel scrip because it was performing well and was goign to post good results. A few days after the results, the price rose, there was a price difference of 8 Rs per share ( 15% returns ). My friend called me to inform that he was selling the scrip and I too could sell it. I thought about the long term prospects of it and refused to sell! My famous words were " I am a long term player and I am not a short term or medium term player" Ha Ha.. who cares whether you are a short term or a long term player.. all you need to do in the stock market is to make money !! Not surprisingly, the steel cycle reversed and I was left with the stock without proper exit option. Finally, I sold it at a loss.
I repeated the same mistake with another tip as well. I thought I knew "a lot" about fundamental investing and wanted to play with technical investing. I saw a scrip that was making huge volumes. I decided to play the scrip. I bought the scrip to sell it in 2 days from the date of buying, but then a broker told me about its good results the next quarter. Though the P/E was high ( in normal cases, I would have stayed far from the scrip ), I bought it and now the stock has come down by 50%. Want to learn technical investing haa?? Good lesson!
From now on, I have firmly decided.. Not to be sentimental about stocks or about being long term :) Let me see how much I stick to it.
2. Search for good tips /brokers - You could even spend money to brokers. I joined a yahoo group and figured out a few prominent people whom everyone in the group lauded! He was good, but he had his own shares of faults. He posted the scrips that increased and not those which fell down. Those investors who had seen his "expertise" and followed some of his tips were left in the dark. Later, courtesy of my friend, I saw another paid broker who was very good. The best thing was he noted all his tips and increase/decrease in each of his scrip and reported regularly and updated. This made me assimilate - cost for quality! I can definitely take up the little cost to get huge advantages and avoid huge losses too. Lesson : Choose good brokers/tips even if it costs you a good deal. The amount becomes negligible if its a good broker. Avoid group tips in general.
More to follow
I have decent returns in my stocks till now. I feel so happy at my basic intuition because a few of my stocks that I predicted have increased. Managing both work , MBA apps and stocks is very difficult. Luckily, because I learn a lot about business and stock markets in general because of investing, I am very interested in it. The first thing I do when I come to work is to open www.moneycontrol.com :) As I introspected, I became aware of a few mistakes that I was doing. These could be generalised to other domains as well.
1. If you are investing based on some one else's tip, you HAVE TO invest according to their game.
I should have learnt this in the first instance itself. One of my friends, a short term player, suggested me to buy "Uttam Galva" a steel scrip because it was performing well and was goign to post good results. A few days after the results, the price rose, there was a price difference of 8 Rs per share ( 15% returns ). My friend called me to inform that he was selling the scrip and I too could sell it. I thought about the long term prospects of it and refused to sell! My famous words were " I am a long term player and I am not a short term or medium term player" Ha Ha.. who cares whether you are a short term or a long term player.. all you need to do in the stock market is to make money !! Not surprisingly, the steel cycle reversed and I was left with the stock without proper exit option. Finally, I sold it at a loss.
I repeated the same mistake with another tip as well. I thought I knew "a lot" about fundamental investing and wanted to play with technical investing. I saw a scrip that was making huge volumes. I decided to play the scrip. I bought the scrip to sell it in 2 days from the date of buying, but then a broker told me about its good results the next quarter. Though the P/E was high ( in normal cases, I would have stayed far from the scrip ), I bought it and now the stock has come down by 50%. Want to learn technical investing haa?? Good lesson!
From now on, I have firmly decided.. Not to be sentimental about stocks or about being long term :) Let me see how much I stick to it.
2. Search for good tips /brokers - You could even spend money to brokers. I joined a yahoo group and figured out a few prominent people whom everyone in the group lauded! He was good, but he had his own shares of faults. He posted the scrips that increased and not those which fell down. Those investors who had seen his "expertise" and followed some of his tips were left in the dark. Later, courtesy of my friend, I saw another paid broker who was very good. The best thing was he noted all his tips and increase/decrease in each of his scrip and reported regularly and updated. This made me assimilate - cost for quality! I can definitely take up the little cost to get huge advantages and avoid huge losses too. Lesson : Choose good brokers/tips even if it costs you a good deal. The amount becomes negligible if its a good broker. Avoid group tips in general.
More to follow
Tuesday, October 04, 2005
Independent director for listed companies - You could be one too!
www.primedirectors.com was launched to help the listed companies find Independent Directors by Shri M.Damodaran, Chairman SEBI in lieu of the law passed by the government that mandates all the listed companies that Independent Directors should constitute 50 per cent of their Boards, otherwise the defaulting companies may face severe penalties. An estimate puts the requirement of Independent Directors at over 30,000.
There is an increasing realization among listed companies that if they have to have Independent Directors, they may as well get the best professionals who would not only add value to their companies but also build confidence among the investors. To help both the professionals and the listed companies, BSE, NSE in coordination with CII have formed the website. Several professors from IITs/IIMs/graduates from Harvard, Wharton etc.. have registered.
Here is the excerpt - from the site primedirectors.com -
Here is the excerpt - from the site primedirectors.com -
"SEBI Chairman launches www.primedirectors.com - a website to help listed companies find Independent Directors.
A new website www.primedirectors.com to help the listed companies find Independent Directors was launched on 14 September, 2005 by Shri M.Damodaran, Chairman, Securities & Exchange Board of India. This website, a corporate governance initiative, has been conceived and developed and is owned by PRIME Database, India’s premier database on the primary capital market. The Main Sponsors of this website are NSE and BSE, the two leading stock exchanges where most of the companies are listed while CII, the premier industry association is the Institutional Partner.
For better corporate governance, the need for Independent Directors is now recognized the world over. Independent Directors in India too now have substantive role and responsibilities, as envisaged both by SEBI and MCA; simultaneously, the Companies Act now allows a reasonably good remuneration to the Independent Directors.
All listed companies (more than 9,000) are required to comply with the Listing Agreement by 31 December 2005, which mandates that Independent Directors should constitute 50 per cent of their Boards; otherwise the defaulting companies may face severe penalties. An estimate puts the requirement of Independent Directors at over 30,000.
However, how do listed companies go about finding Independent Directors, besides contacting persons known to them or through word-of-mouth, thereby limiting the horizon? On the other hand, how do thousands of professionals who are competent and willing to become Independent Directors let the listed companies know about themselves and get invited? Significantly, there is an increasing realization among listed companies that if they have to have Independent Directors, they may as well get the best professionals who would not only add value to their companies but also build confidence among the investors.
www.primedirectors.com now provides the answer. This is a free-of-charge platform both for the professionals to enroll themselves and for the listed companies to reach them. The website provides complete confidentiality both to the professionals and to the listed companies. The database of professionals is accessible only to authorized listed companies."
For better corporate governance, the need for Independent Directors is now recognized the world over. Independent Directors in India too now have substantive role and responsibilities, as envisaged both by SEBI and MCA; simultaneously, the Companies Act now allows a reasonably good remuneration to the Independent Directors.
All listed companies (more than 9,000) are required to comply with the Listing Agreement by 31 December 2005, which mandates that Independent Directors should constitute 50 per cent of their Boards; otherwise the defaulting companies may face severe penalties. An estimate puts the requirement of Independent Directors at over 30,000.
However, how do listed companies go about finding Independent Directors, besides contacting persons known to them or through word-of-mouth, thereby limiting the horizon? On the other hand, how do thousands of professionals who are competent and willing to become Independent Directors let the listed companies know about themselves and get invited? Significantly, there is an increasing realization among listed companies that if they have to have Independent Directors, they may as well get the best professionals who would not only add value to their companies but also build confidence among the investors.
www.primedirectors.com now provides the answer. This is a free-of-charge platform both for the professionals to enroll themselves and for the listed companies to reach them. The website provides complete confidentiality both to the professionals and to the listed companies. The database of professionals is accessible only to authorized listed companies."
Hmm looks like people will not let me achieve things till I have 7 years of experience :( The website would not allow me to go beyond the first page! But those with more years of experience, utilise the oppurtunity. Before that, BSE, NSE and CII a round of applause for you .
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