https://www.youtube.com/watch?v=GiYmI80k3kk&noredirect=1
Mistakes of omission seem to be far more expensive monetarily, while mistakes of commission, on the investor psyche
Mistakes of omission:
Mistakes of omission seem to be far more expensive monetarily, while mistakes of commission, on the investor psyche
Mistakes of omission:
- HDFC bank seems to be the common theme - How to avoid?
- Prof. Bakshi has alluded to this several times in several forms - Pay up for the best asset and then sit tight; Quality means pay-up
Mistakes of commission:
- Infrastructure companies: Lesson learnt - Sell duds at any price
- MTNL: Public sector value trap
- Central Bank of India - Bull market (that is happening right now) takes everything up - hangover happens after the party not before
- Visualsoft: Laggards will always appear cheap
Other takeaways:
- There is no remedy to lack of conviction - Investing is a lonely game! cannot blame an analyst for buying or selling something
- Experts fail very often cos they cannot keep noise at bay
- Distance from management is a critical component of success - again for keeping noise at bay
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