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 firstname.lastname@example.org. You can also follow me on twitter at @_kirand
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.