Prof. Sanjay Bakshi is an ace investor with several glittering multi-baggers to his credit. However, he is also an accomplished academician. He loves nothing more that to tutor his devoted pupils about the intricacies and nuances of value investing.
Prof. Bakshi has the unique ability to combine theory with practice. So, in his stock research reports, he deftly slips in a subtle lesson on investing theory. The advantage of this is that even readers who are not interested in the theory get a sub-conscious lesson on value investing. This keeps both sections of Prof. Bakshi’s fan club, the academicians and the practitioners, happy.
Prof. Bakshi shot off a tweet today early morning to his vast legion of fans stating:
“Strong Buy Recommendation …. What are you waiting for?”
Predictably, there was great excitement in the air as everyone rushed to see which lucky stock had met with the Prof’s approval. However, the object of the Prof’s attention was not a stock but the treatise “100 to 1 in the stock market” by Thomas W. Phelps.
The book had been out of stock for a long time and its availability is the cause for great celebration.
At this stage, we must note that the treatise “100 to 1” forms the foundation of Motilal Oswal’s 19th Wealth Creation Study where seven potential 100-bagger stocks have been identified.
The Wealth Creation Study quotes liberally from the treatise. One memorable passage from the treatise is:
“To make money in stocks you must have the vision to see them, the courage to buy them and the patience to hold them. Patience is the rarest of the three.”
Another quote worth noting is:
“A fast-growing company must be small. Sheer size militates against great growth.”
So, if you have an academic inclination to understand how value investing works, you must follow Prof. Bakshi’s “strong buy recommendation” and grab the book.
https://janav.wordpress.com/2014/09/02/100-to-1-in-the-stock-market/
this book is about American markets not Indian…not sure it would help investors here
It is a great book. I had ordered an extra copy for a colleague(approx 3095) who is not too keen now. Let me know if anyone wants it.