About

I was a ‘tip’ investor. A frequent occurrence in the bad mad world of stock markets. Scouring for tips to make a ton of money so that I can retire by 30 (yeah!). I did not lose a ton of money, but I didn’t make significant amounts either. Investment in DLF was probably the last straw. I then heard and then read about Sanjay Bakshi. I owe everything I know about Value Investing to him. Never met him though. Hope to meet him some day.

‘Price is Everything. Price changes Everything’ reflects my core philosophy that investment returns are dependent on your entry price (or average price over a period of time). Even if you buy the best of stocks at high prices (say at 100 P/E), my belief is that investment returns over the long term will turn out to be poor. Value the stock, wait for the price is my practice, even if that meant missing out on some opportunities/speculative returns over the past few years. I’d rather make the mistake of omission than commission.

You can reach me at dkirand@gmail.com. You can also follow me on twitter at  @_kirand

I also write at http://www.kirandhanwada.com. You can know more about me here.

I am an absolute book freak. Needless to say, I have a favorite list of books in investing and an even bigger list which is pending to be read. Please refer the ‘Fav Investing Books‘ tab on this blog for the list and updates. A brief list of non-finance books that I like here.

Through this blog, I try to learn more about Value Investing and document my experiments with it. Please do not take my advice as sound – more often than not, they are unsound and financially undependable. Ignore this huge alert at your own risk.

  1. #1 by John on February 5, 2011 - 8:03 AM

    Hello

    i just found (yeah) and anyone that believes in the Prof Sanjay Bakshi method of investing is something i need to follow. Now i will dig deeper into this world class investment blog, IMO.

    Best
    John

  2. #2 by Santosh Navlani on April 18, 2011 - 7:27 PM

    So, this update makes it clear that both kiran dhanwada(s) are same 🙂
    on another note, don’t know of anyone who has retired by 30 by investing alone. maybe you can be the first one to my list. know of many entrepreneurs or similar people who can afford to retire by 40 or earlier 🙂

  3. #3 by Manish Gupta on September 17, 2011 - 11:34 AM

    what if prices continue to drop in PHL as they did today the arb opportunity is already fetching nothing ? my suggestion is to buy and hold PHL at fallen value, its 52 low being 341, rather than look for and arb of such a long gestation period !

  4. #4 by Shikhar on September 24, 2011 - 1:43 PM

    Hi buddy,
    Wanted to make this comment in the post “A dividend bargain” . Pl move it if can be shifted there.
    I tend to agree with some of your observations on HCL infosystems as dividend play and add few:
    1. Even if we take out some of those concerns on ongoing investigations etc as short term distractions, the point is they are doing DPR of > 100%.
    2. Such pay-out is financiallly not sustainable unless real profits for the period catch up & catch up fast.
    3. With the dwindling margins on nokia business (they’re losing market share too), can’t see how they are going to grow the bottomline in their low margin business.
    4. Some whisper in market circles this company may get merged with the parent (absolutely no news on that I have seen) which gives rise to uncertainty for minority shareholders. While there may be no truth in this, obviously CMP is factoring something more on the downside.

    I blog at http://www.investor-link.blogspot.com/ and did a post on “Developing a dividend strategy” on Sept 01.
    Cheers
    Shikhar

    • #5 by kdaaku on October 1, 2011 - 12:49 PM

      Hi Shikhar,

      Wonderful blog you have out there. Keep up the good work.

      I tried, but couldn’t shift your comment to the Div. Bargain post. Maybe something to do with the wordpress domain as such (or more probably, I am technically incompetent :))

      All valid points. As I indicated in the post, I initiated only a starter position. I don’t believe they supply just nokia phones – as far as my research goes, they are into every brand. Will watch for the next quarter results before deciding to increase my position or exit.

  5. #6 by Amit on December 9, 2011 - 1:48 PM

    Hi Kiran,

    It has been a good experience for me to read your blog. Would like to meet you in person as i stay in delhi and associated with one of the fund house as Portfolio Manager.

    Thanks & Regards,
    Amit

  6. #7 by Kiran on December 9, 2011 - 9:22 PM

    Hi Amit,

    I stay in Bangalore and currently out of the country. Will be back by Christmas. Would be great to meet you too – let me know if you are around Bangalore some time.

  7. #8 by Vijay on February 26, 2012 - 2:50 AM

    Hi Kiran,

    This is one awesome blog! Have already subscribed and will look forward to more posts. I have started a small forum for investors at http://www.stockmarketforum.in – do drop by sometime with your opinions and insights on investment strategies.

    Keep posting.
    Vijay

  8. #9 by zayan on June 13, 2012 - 3:45 PM

    I found this blog to be very interesting. I loved the various links to the other blogs/screeners that you had mentioned here. Thanks a lot.

  9. #10 by spendasulike on June 14, 2012 - 2:06 AM

    Hi kiran can you put your views on Sundaram-Clayton demerger… how should one look at this…

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