It is unbelievable but true that mutual fund managers are taking home salaries that are in excess of the salaries drawn by the captains of the corporate sector. Do they deserve such exorbitant remuneration especially whether their funds are under-performing?
Billionaire stock investors normally maintain a “hands off” approach when it comes to each other’s favourite stocks. However, Warren Buffett and Charlie Munger have teamed up to attack Bill Ackman’s favourite stock while the latter is reciprocating in equal measure by attacking the favourite stock of the duo
After Bill Ackman, Ruane Cunniff, another large shareholder of Valeant Pharma, has rushed to the defense of Valeant Pharma. It complained of experiencing “extraordinary level of pain” at the steep plunge of Valeant’s stock price but gave a clean chit to the beleaguered company and its CEO
Prof Sanjay Bakshi, the authority on value investing, has propounded the startling theory that an aversion for loss can turn a conservative person into a gambler. The Prof explains that this paradoxical situation occurs because we lose sight of the distinction between “loss aversion” and “risk aversion”. In seeking to avoid “loss”, we miss out on great investment opportunities and also expose ourselves to risk says the Prof
If you are one of those investors who believes that it is “safer” to buy “cheap” stocks quoting at a low P/E and that high P/E stocks should be avoided, you have to listen to the wisdom of Prof. Sanjay Bakshi & Basant Maheshwari
Prof. Sanjay Bakshi, the authority on value investing, has given a lecture on how to invest in stocks. We need to listen with rapt attention and implement his advice
Warren Buffett, in his typical candor, delights in recounting the “monumentally stupid” investment decisions that he took. His attitude towards these mistakes and the losses that they caused will teach us important lessons on how to deal with our own losses
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