Tuesday, January 26, 2016

Meeting with a contrarian in Pune on 26 October 2013

A chance meeting with contrarian in October 2013 reiterated some of the basic tenets of great investors
  1. Growth capital is basically playing with others money.  
  2. Promoter is a smart cookie and not as dumb as funds managers think they are
  3. Focus on sectors that have no presence on the stock markets
  4. Short companies with two principles: Accounting fraud and weak leadership.  Great companies will never realize their true value if they are led by incompetent managers
  5. Contrarian view will help you make money only if you are right

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