An annotated history of oil prices since 1861 http://t.co/1g8olTE3QP pic.twitter.com/C3OCRzpaT7
— Business Insider (@businessinsider) December 25, 2014
An annotated history of oil prices since 1861
Warren Buffett logic on buying IBM
It is always better to know reasons why great investors are buying particular investment. It is much important to know than what they are buying. Former is like learning to fish while latter is getting fish for a day.
Below is explanation from Warren Buffet on IBM shares buying. It was interview to CNBC.
BUFFETT TO CNBC: “I look at everything but most things I decide I can't figure out their future. IBM helps IT departments do their job better. We've got dozens and dozens of IT departments at Berkshire. I don't know how they run. I mean, but we went around and asked them and you find out that they very much get working hand in glove with suppliers. And that doesn't mean things won't change but it does mean that there's a lot of continuity to it. And then I think as you go around the world, IBM, in the most recent quarter, reported double-digit gains in 40 countries. Now, I would imagine if you're in some country around the world and you're developing your IT department, you're probably going to feel more comfortable with IBM than with many companies. - Warrent Buffett to CNBS (on IBM)
I said I competed with IBM 50 years ago. I was chairman of the board, believe it or not, of a tech company one time, and computers used to use zillions of tab cards and IBM in 1956 or '7 signed a consent decree and they had to get rid of half the capacity. So two friends of mine, one was a lawyer and one was an insurance agent, read the newspaper and they went into the tab card business and I went in with them. And we did a terrific job and built a nice little company. But every time we went into a place to sell them our tab cards at a lower price and with better delivery than IBM, the purchasing agent would say, nobody's ever gotten fired from buying—by buying from IBM. I mean, we probably heard that about a thousand times. That's not as strong now, but I imagine as you go around the world that there are—there's a fair amount of presumption in many places that if you're with IBM, that you stick with them, and that if you haven't been with anybody, you're developing things, that you certainly give them a fair shot at the business. And I think they've done a terrific job of developing that. And if you read their reports—if you read what they wrote five years ago they were going to do and the next five years, they've done it, you know, and now they tell you what they're going to do in the next five years, and as I say, they have this terrific reverence for the shareholder, which I think is very, very important. And I want to give full credit to Lou Gerstner because when he came in, I was a friend of Tom Murphy's and Jim Burke's, and they were on the search committee to find a solution when IBM was almost broke in 1992, and everybody thought they were going pretty far afield when they went to Lou Gerstner. - Warrent Buffett to CNBS (on IBM)
Well, you don't have to think of another one, Joe. And if you read his book, you know, "Who Said Elephants Can't Dance?" it's a great management book. Like I said, I read it twice. There were lots of things in that annual report but the truth is, there were probably lots of things in the report a year earlier or two years earlier that you say, why didn't I spot it then? And I think it was Keynes or somebody that said that the problem is not the new ideas, it's escaping from old ones. And, you know, I've had that many times in my life and I plead guilty to it. I will tell you one very smart thing that Thomas Watson Sr. said. I knew Thomas Watson Jr. just a little bit. Tom Watson Sr., this applies to stocks. He said, "I'm no genius but I'm smart in spots and I stay around those spots." And that's terrific advice. "I don't know of any large company that really has been as specific on what they intend to do and how they intend to do it as IBM," Buffett told CNBC in an interview. Buffett said he was convinced by IBM's long-term roadmap and by IBM’s entrenched position with major businesses. This “entrenched position with major businesses” is a big part of the durable competitive advantage that he looks for when investing. - Warrent Buffett to CNBS (on IBM)
BUFFETT TO CNBC: “The other thing I would say about IBM, too, is that a few years back, they had 240 million options outstanding. Now they probably are down to about 30 million. They treat their stock with reverence which I find is unusual among big companies. Or they really are thinking about the shareholder.” - Warrent Buffett to CNBS (on IBM)
Recently, IBM’s 5Yr Gross Margin (5-Year Avg.) is approximately 44.0% and its 5Yr Net Profit Margin (5-Year Avg.) is approximately 12.3%, while the industry Net Profit Margin (5-Year Avg.) is 11.2%, and the S&P Net Profit Margin (5-Year Avg.) is 11.5%.
GST will be huge booster for trucking industry
http://t.co/LZAWuV4ymV. GST, if and when implemented, will increase India's truck fleet capacity. pic.twitter.com/ZkWXarnGNO
— Sanjay Bakshi (@Sanjay__Bakshi) November 23, 2014
Impact of Big reforms in Coal sector on service provoders to coal sector and people living in area where coal is mined in India
Coal decision could light up the entire East
http://wap.business-standard.com/article/markets/coal-decision-could-light-up-the-entire-east-114110300023_1.html
Micro USB OTG cable
Micro USB OTG cable can help you to connect Pen Drive, Keyboard, Hard Drive, Mouse to your smart phone or tablet. The product is cost effective and value for money. I have ordered this product using link below. I will share more detail. But before you order a product, check if your smart phone or tablet is OTG compatible or not. Below is a some useful links to know this.1) Smart Phone: http://www.gsmarena.com/results.php3?sFreeText=on-the-go2) Tablet: gsmarena.com/results.php3?mode=tablet&sFreeText=on-the-go
HUL PureIt 23L Classic Water Purifier Kit: 3000 Ltr
How Maggi has got its competitors in knots
http://m.economictimes.com/magazines/brand-equity/food-for-thought-how-maggi-has-got-its-competitors-in-knots/articleshow/44957947.cms?curpg=2
Takeaways from interview of Porinju with ET
Takeaways from interview of Porinju on ET
DLF (CMP: 118):
- DLF fallen off the cliff because of 1) SEBI ban for 3 years from accessing capital markets 2) Govt will probe alleged irregular deals with Robert Vadra.
- The other investors are 'scared' to look at DLF is the cue for a 'value investor' to grab the stock.
- "These nagatives are actually an oppurtunity to buy into great asset at a throw-away price" - Porinju
South Indian Bank (CMP: 27):
- It's attractive given its valuations, geographgy and scale of operation.
- [Kamlesh: Mohnish Pabrai has recently invested in his stock recently. Other big names invested in stocks are Billionere MA Yussufali and Renuka Ramnath]
Nitta Geletin (CMP: 186):
- JV between Keral Govt and Nittal Geletin of Japan.
- He cautined that it is very illiquid stock and hence price movements can be very volatile.
Real Estate stocks:
- As per Porinju, Godrej Properties, Sobha Developers, Oberoi Reality are some good names with ethical prmoters, quality management, and clean balance sheet.
Recommendation in Megacaps:
- Among Mega caps, Porniju recommends Hindustan Petrolium Corporation (CMP: 519), Reliance Industries (CMP: 951) given discount to intrincic value.
Prepare for future
Check out @Anil_Tulsiram's Tweet: https://twitter.com/Anil_Tulsiram/status/527318933586857984?s=09
This is so true in ongoing bull market.
Value investing and VC frame of mind
Value investing + Venture Capital frame of mind [concentration, power law, LT view &focus on multi-baggers] = successful creation of wealth
In a competitive environment, If Incremental marginal cost is zero then price of it will drop to zero. Moat is necessary to sustain price of service.
1/ If you sell service X that has an incremental marginal cost of $0, price of service X tends to drop to $0 or less (unless moat exists).
— Tren Griffin (@trengriffin) October 28, 2014Hindustan Unilever :: Q2 results indicate Softening rural demand
Hindustan Unilever results first signs of softening rural demand.
Low agri product prices likely to put rural consumption under severe pressure.
CMP is 715 after correction of 6% because of posting weak q2 result.
At 560 it offers good value.
Low agri product prices likely to put rural consumption under severe pressure.
CMP is 715 after correction of 6% because of posting weak q2 result.
At 560 it offers good value.
Take leap of faith
Your fear rises the most before you take the leap. Remember that calm quickly follows that leap. #perspective
— Robert T. Kiyosaki (@theRealKiyosaki) October 28, 2014Bharat Petroleum Corporation
New Position add-BPCL.Rationale
1)BREAKOUT life highs
2)Macro subsidy reduction
3)Retail fuel /travel spending hedge
http://t.co/xKhIBjAzda
— The Fixer (@SaanpaurSeedi) August 27, 2014Twitter debate on Owner Earnings
This quote is the holy grail on earnings. But, Mr. Buffett inadvertently made a mistake.
Can you spot it? pic.twitter.com/Ale3INMwzg
— Sanjay Bakshi (@Sanjay__Bakshi) August 2, 2014Still Not Too Late To Buy Stocks: Prashant Jain
Still Not Too Late To Buy Stocks: Prashant Jain http://t.co/XfY9i5WD5u
— RJ Stocks (@RakJhun) October 28, 2014Kajaria Ceramics
Daljeet Kohli Changes Mind On Kajaria Ceramics & Revokes Sell Call http://t.co/rNbKh455kA
— RJ Stocks (@RakJhun) October 28, 2014More upgrades than downgrades by CRISIL
Good News: First time in 3 years Crisil upgrades credit ratings of more companies than it downgrades
@bibekdebroy pic.twitter.com/0xPYp3GyuM
— Uday Tharar (@udaytharar) October 28, 2014Twitter debate on great business
The best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return.
— Jana Vembunarayanan (@jvembuna) October 28, 2014
Save Income Tax : buying energy efficient home appliances
Many people think they cannot get tax benefit when they buy home appliances, but this is not true. India is a huge country and it is energy starved. So to promote people to save energy Govt gives tax benefit on purchase of energy efficient home appliances. To get tax benefit on such thing you have to buy appliances that carry the government’s energy star rating Now When you require new appliances for your home, such as a hot water heater, be sure to look for appliances that carry the government’s energy star rating. Items purchased with the energy star rating are eligible for tax deductions. In addition, when you replace your old appliances with energy efficient ones, you’ll save money every month on your utility bills. So investment in this saves double money.
Japan's SoftBank kicks off $10 billion India online spree, buys stake in Snapdeal. Softbank Group to invest Rs 3,762 crore in Snapdeal
Source:
http://indiatoday.intoday.in/story/softbank-group-to-invest-rs-3762-crore-in-snapdeal/1/397845.html
http://in.reuters.com/article/2014/10/28/softbank-snapdeal-idINKBN0IH06X20141028
http://indiatoday.intoday.in/story/softbank-group-to-invest-rs-3762-crore-in-snapdeal/1/397845.html
http://in.reuters.com/article/2014/10/28/softbank-snapdeal-idINKBN0IH06X20141028
Softbank makes $210 million investment in Indian cab service 'Olacabs'
Source:
http://www.dnaindia.com/money/report-softbank-makes-210-million-investment-in-indian-cab-service-olacabs-2029986
Fall of Gold and Gold ETFs
Investors are constantly trying to assign a reason to the market’s moves and I’m sure there are many legitimate narratives for gold’s fall and the S&P 500’s rise. However, the simplest explanation is usually the correct one, and in this case it’s mean reversion. Gold couldn’t rise in a straight line forever (although some would have you believe it will) and U.S. stocks weren’t going to crash forever either.
Mean reversion is conceptually simple to grasp, but harder to figure out in real-time as the mean for most markets and valuation levels is probably a moving target and the timing of the reversion is always subject to change.
But if you understood nothing more than the fact that the markets and the economy move in cycles you would be far ahead of the majority of investors.
Source:
http://awealthofcommonsense.com/shine-gld/
Emami :: FIIs hikes stake to record high
Reference:
http://wap.business-standard.com/article/markets/emami-hits-new-high-as-fiis-hike-stake-to-record-high-114101300238_1.html
Emami :: The story of two friends who founded Emami
The story of two friends who founded Emami.
From Book: How Baniyas Do Business
Source:
http://wap.business-standard.com/article/specials/the-story-of-the-two-friends-who-founded-emami-114100901003_1.html
From Book: How Baniyas Do Business
Source:
http://wap.business-standard.com/article/specials/the-story-of-the-two-friends-who-founded-emami-114100901003_1.html
Narendra Modi govt to build ports, industrial clusters along river Ganga
http://businesstoday.intoday.in/story/modi-govt-ports-industrial-clusters-river-ganga/1/211723.html
Dabur India
Pradip Burman (former Dabur executive) named in black money list. This news sent dabur stock 3.36% today. This may provide good opportunity to enter if stock price is lowered to 180.
View of Vishal Sikka (CEO of Infosys) on role for Infosys and opportinities in software defined world
Speaking to the media
after the meeting, Sikka said: “There comes a time in the life of a
company when the instinct and the intuition, the knowledge of the
founder is replaced by processes, structures, principles and innovations
that we put together. Pravin and my endeavour will be to do that.”
“Beyond that the big thing that I deeply believe is that the world
around us is becoming fundamentally reshaped with software. Everything
that we see around us is becoming software defined and that gives
Infosys a tremendous opportunity to help reshape that in every industry
whether it is banks, financial services, manufacturing, oil and gas, in
retail especially,” he added.
Read more at: http://www.moneycontrol.com/news/business/why-vishal-sikka-wants-to-make-infosys-more-process-driven_1141381.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/business/why-vishal-sikka-wants-to-make-infosys-more-process-driven_1141381.html?utm_source=ref_article
There comes a time in
the life of a company when the instinct and the intuition, the knowledge
of the founder is replaced by processes, structures, principles and
innovations that we put together. Pravin and my endeavour will be to do
that.”
Read more at: http://www.moneycontrol.com/news/business/why-vishal-sikka-wants-to-make-infosys-more-process-driven_1141381.html?utm_source=ref_article
“There
comes a time in the life of a company when the instinct and the
intuition, the knowledge of the founder is replaced by processes,
structures, principles and innovations that we put together. Pravin and
my endeavour will be to do that." - Vishal SikkaRead more at: http://www.moneycontrol.com/news/business/why-vishal-sikka-wants-to-make-infosys-more-process-driven_1141381.html?utm_source=ref_article
"Beyond that the big thing that I deeply believe is that the world around us is becoming fundamentally reshaped with software. Everything that we see around us is becoming software defined and that gives Infosys a tremendous opportunity to help reshape that in every industry whether it is banks, financial services, manufacturing, oil and gas, in retail especially" - Vishal Sikka
Reference:
http://www.moneycontrol.com/news/business/why-vishal-sikka-wants-to-make-infosys-more-process-driven_1141381.html
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