Have you read ‘One Up on the Wall Street’ of Peter Lynch?
His view is, you create real wealth only when you can find a stock not already in the kitty of the mutual funds.
In fact, Li Lu goes really to a view many would find extreme. He looks for the stocks on their 52 week low. And then researches on why they have fallen on bad days. Once he finds that a company had no good reason to face such times, he buys it.
When we talk of HDFC or HUL, we talk of safe companies. But here in the forum I read the turn around story of CG Power, but did not manage to keep it. I believe we have to go beyond the marqee names, but when you buy outside the famous few, you have to really research. Of course I can’t research like a Madhukela does or a Vijay Kedia does, but we can do at least some basic research.
I am keeping some funds and waiting for the market to buy.
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