ET’s Shailesh Menon has a story on how four professors, teaching stock market and investing theory in various colleges, have raked in mega bucks from their stock picks (See Meet four leading dons whose words carry weight on Dalal Street).
However, surprisingly, Shailesh Menon missed out on the biggest professor of them all, Prof. Shivanand Mankekar.
Prof. Shivanand Mankekar qualifies because he teaches financial markets at Jamnalal Bajaj Institute of Management at Mumbai. He has also has a bulging portfolio of glittering multi-baggers. I explored his investment philosophy here. Also, Prof. Shivanand Mankekar figured in the elite list of India’s Top 10 Shareholders with a portfolio worth a mind-boggling Rs. 513 crore.
Anyway, coming back to the ET report, Prof. Sanjay Bakshi rules the roost here. We are familiar with the Prof and his stock picking technique. However, for our benefit, he reiterated it in the following words:
“One should only buy quality stocks; companies that have great competitive advantage and companies with honest management. One should never hesitate to pay for quality.”
The Prof added that one should be “extremely passive” after investing in a quality stock and not keep looking at the Index all the time.
Shailesh Menon listed out the Prof’s stocks as being Poddar Developers, Relaxo Footwear, Eicher Motors, Ashiana Housing, Cera Sanitaryware and Thomas Cook, among others.
Here, Shailesh Menon appears to have goofed up because Cera Sanitaryware is not known as one of the Prof’s favourite stocks, though the others are.
The Prof issued a terse clarification on his blog that the stocks referred to in the report is not an “accurate reflection of reality”.
Among the other academicians featured in the report is Prof. Neeraj Marathe, who teaches at Pune’s FLAME School of Management, Symbiosis and ICFAI.
Neeraj Marathe writes a blog called “Thoughts on Thoughts” where he has put down his thoughts on “value-based investment opportunities”. The blog has an insightful discussion on several top-notch stocks such as Noida Toll Bridge, Power Grid, Sah Petroleum etc, etc.
Prof. Neeraj Marathe is no slouch in picking winning stocks. His portfolio boasts of six to ten-baggers like Whirlpool, NBCC and Ashiana Housing, according to the ET report.
The best part is that Prof. Neeraj Marathe appears to be inclined to start a stock advisory service soon. So, we have to keep a lookout for that and be among the first beneficiaries of his winning stock picks.
The other professors featured in the report also have impressive credentials.
Prof. Venkatesh Panchapagesan’s academic qualifications are very impressive: He is a Ph.D. (Univ. of Southern California), PGDBM (IIM-Cal), ACA and AICWA. He learnt the ropes of stock marketing investing at Goldman Sachs and now teaches at IIM Bangalore and Stern School of Business.
Prof. Venkatesh is an expert in real estate valuation. His investment portfolio has yielded a return of over 18% in eight months, which is quite impressive given the state of the markets.
Ravi Sundar Muthukrishnan, M.Com, Ph.D (Finance), is the last professor to be featured. He cut his teeth with Morgan Stanley and now teaches accounting and finance at various IIMs. Ravi Sundar Muthukrishnan is an expert in “valuation sizing and corporate restructuring”. His top picks are Axis Bank, UltraTech Cement and Infosys according to the report.
So, the next time you meet a professor, remember that he will not only have more bookish knowledge than you but he may also have more multi-bagger stocks than you.