Though old-school investors of the proven caliber of Rakesh Jhunjhunwala, Prem Watsa, Samir Arora and others offered sensible advice, new-age investors behaved like drunken sailors and poured billions of dollars into dubious e-com ventures run by college dropouts. Now, these ventures are proving to be bottomless pits and the investors are wailing over their losses
Old-school investment gurus have been scathing in their criticism of the sustainability of the e-com business model and of the valuations paid by investors. However, the profits shown by Amazon Inc, the mother of all e-com companies, and the consequent surge in its stock valuation, suggests that the gurus may need to revisit their hypothesis
Prof. Sanjay Bakshi, a stickler for principles, has come clean on why is allergic to bank stocks
Rakesh Jhunjhunwala joins the long list of luminaries expressing concern over the exorbitant valuations commanded by e-com companies
Prem Watsa, the genius stock picker and investment billionaire, has sent the grim warning that internet and e-com stocks are driven by speculation and will crash soon
Prof. Shivanand Mankekar has already made a nice little packet for himself from SKS Microfinance. UBS has now initiated coverage and promised a 40% upside from the stock
Prem Watsa’s latest stock pick, IIFL’s finance arm, is a clear indication that Banks and NBFC’s is where we have to be overweight at present. Prem Watsa has joined Mohnish Pabrai in sending us this message
Prof. Shivanand Mankekar has raked in huge profits and put a huge chunk of money to work by buying truckloads of two top-quality stocks. We need to pay attention to his strategy
David Nadel of Royce Intl. Small-Cap Fund has identified 7 top-quality mid-cap stocks with high ROE that he says are extremely cheap on valuations and with great scalability
Mohnish Pabrai is a great believer in the theory that amateur investors should clone the stock picks of accomplished investors. However, this theory is not only met with disregard, it is even held in contempt by some amateur investors
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