We recall a statement from a fund manager. "Our fund did really well when others had gone down by 90% of their wealth, we managed to safe guard 40% of it y-o-y: - Simply it means they lost their NAV by 60% but in order to present a rosy piture to the investors they changed the perspective.Perception plays the most vital part in today's world
People tend to overlook their own common sense but try to borrow others idea. This is where people get stuck. Indian Investors are prone to this habit. People who made smart money are the ones who invested at the correct price or the one's who used simple common sense. I guess the second group made larger amount. Friends re visit the development on Sugar stocks and discuss what worse is stored from here or theoretically unsystemati lies in the sector. The sweetness is here to stay for quite some time but imagine what are the negatives that can make the sweet story go bitter.
Keep discussing and posting the ideas on our mail.
September 2, 2009
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