Businessweek has an article on Warren Buffet's style of contrarian investing. As you know, Warren Buffett may be the most successful investor ever, although I hear that Ambani and Mittal are catching up with him. Anyhow, his strategic long-term investment strategy has won enough admirers that even S&P publishes a stock screen based on his buying criteria.
But I'm wondering whether such an investment style is suitable for investing in the Indian market, and if so, then does anyone publish a list of best picks according to related criteria? Does anyone know?
2 comments:
Economic Times and other financial newspapers regularly publish a list of good stocks to invest in.The portfolio of Rakesh Jhunjhunwala, the Warren Buffet of India, is regularly posted on some blogs and sites. Here is his latest portfolio.
Eternalsoul
eternal Soul, you must read this:
"Typically, the Times group buys a 5%-10% stake in mid-sized companies that are planning to go public or looking for private equity. The investment can vary from Rs10 crore to Rs100 crore. The company agrees to invest an equal amount in advertising in Times publications over a three-to-five-year period at a steep discount to the normal advertising rates.
Most companies that sign PTs are those planning public issues, selling expensive realty projects or looking for private equity. All of them are looking for publicity and an assurance of positive editorial coverage. For the Times, it is usually a double bonanza: significant capital appreciation and tax-free income (since there is no long-term capital gains tax) -- on the other hand, advertising revenue is fully taxed."
If you want to lose your money, go ahead and continue reading economic times from the times of india group. Read the entire article at:
http://www.suchetadalal.com/articles/display/569/2686.article
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