Talk about RK Damani .... check this out he agrsseively bought 20% share in
cigarette company VST industries at Rs151/- ten years later the price was Rs1350/- !!
Also an investment of just Rs63 crores netted him a dividend onlt of Rs71 crore in this same period so basically 60 crore netted him dividends of rs71 crore so his investment was recovered just be dividneds and the capital appreciation was Rs520 crore.
So basically Rs60 crore turned into Rs 590 crore in 10 years in 2011
today feb 2013 the price is Rs1799/- so basically he's made in excess of Rs750 crore just from an investment of Rs60 crore
Lesson: Throw out Macd and ma crossover 50% fib ob/os levels and learn value investing there is not one person in india who is a technical trader who as rich as Damani, there is not one person in the world who is a
technical trader who is a s rich as WB.
cigarette company VST industries at Rs151/- ten years later the price was Rs1350/- !!
Also an investment of just Rs63 crores netted him a dividend onlt of Rs71 crore in this same period so basically 60 crore netted him dividends of rs71 crore so his investment was recovered just be dividneds and the capital appreciation was Rs520 crore.
So basically Rs60 crore turned into Rs 590 crore in 10 years in 2011
today feb 2013 the price is Rs1799/- so basically he's made in excess of Rs750 crore just from an investment of Rs60 crore
Lesson: Throw out Macd and ma crossover 50% fib ob/os levels and learn value investing there is not one person in india who is a technical trader who as rich as Damani, there is not one person in the world who is a
technical trader who is a s rich as WB.
When Damani or WB entered the mkts, the financial mkts were developing. They entered a developing mkts. That time the stratergy based on technicals were not much famous. Only fundemetal and speculation worked. After the Satyam Scam, no one is much belief with the fundemetal news. The no.2 software company got burst.
R.J,... R,D..des people had entered the mkts when sensex was just 150 points...today its hovering arnd 20000. One cannot work on the same stratergy which worked 10 years back.
People have to keep on upgrading their stratergy on time to time. I am sure, R.J wont invest in a company for 10-15 years view which he used to do 15 yrs back.