Hi GreenGlobe,
I am generally not very active in replying on Valuepickr Forum. But I am replying today as I want to clarify that I can invest almost 100% of my portfolio in a single stock as my risk appetite is huge and I have researched many of these companies for many many years and have developed a historical understanding of them. Of course the thrill is unbeatable if you are right. I try to find one or two big ideas every 2-4 years and then bet big on them. I also want to convey to everyone that this approach is Not at all Suitable for more than 99% of the investors. I am afraid I will not be able to reply to too many queries going forward as I only know as much as most of you know about the company from public domain.
My investment history of 20 years can be divided into two parts of approximately 10 years each. The first 10 years were pathetic. I lost money in so many stocks that I used to wonder that even after working in a very good global Financial MNC company, I have nothing to show for it. But I didn’t blame anyone and kept on learning my own research faults from every single one of those failures. In reality, in most of those companies the managements used to lie to the investors without any shame.
The 10 year period from 2013 onwards has been very rewarding and the only problem was that either I bet on a few good stocks and didn’t back up the truck on my most high conviction bet Or I used to exit after a 4-5 times return. After my selling usually the stocks went up like rockets and I kept wondering whether I could have easily made a 40-50-100 times return on such stocks.
Hence this time, Circuits or no Circuits, I have a good fundamental opinion about this company for the next few years. And I am willing to take a risk and see how things really go in the future. As the stock has already appreciated a lot, hence my downside risk is very well protected. This time I WISH to make a 100X in my portfolio as I am secretly jealous of people who made 100X in Avanti Feeds (Of course I am kidding about the jealousy part as I respect them too much ).
Disclosure: Invested in this company since more than one year for the very long term. I will sell in an instant in case of some serious red flag or the growth slowing for 3-4 quarters. I am not a SEBI registered advisor. Please take anything I say with a pinch of salt. This is not a buy or sell recommendation. I have contract notes to prove my point.
Amit Goyal
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