Invest Like A Guru PDF Free Download

Posted : admin On 1/10/2022
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I use the research site GuruFocus almost daily. It’s my go-to source for fundamental stock research, and the screeners and graphing tools alone would be well worth the subscription cost.

Invest Like A Guru PDF Free Download Adobe Reader For Windows 10

Invest Like a Guru. By Charlie Tian. Released April 2017. Publisher (s): Wiley. Explore a preview version of Invest Like a Guru right now. O’Reilly members get unlimited access to live online training experiences, plus books, videos, and digital content from 200+ publishers. Start your free trial. “Invest Like a Guru: How to Generate Higher Returns At Reduced Risk With Value Investing”. Though buying deep-asset bargains can be very profitable, this strategy comes with a much higher mental cost to investors. More importantly, business deterioration and the erosion of value put investors in a riskier position. As a result, they need to.

So, I was thrilled to find out that GuruFocus founder Charlie Tian, PhD recently authored a book, Invest Like a Guru: How To Generate Higher Returns At Reduced Risk With Value Investing.

Tian doesn’t have a background in finance. He’s a scientist with a PhD in physics and an expert in fiber optics and lasers.

Unorthodox

Invest Like A Guru PDF Free Download

Security Analysis and Investment Management. This note explains the following topics: Introduction to Security Analysis, Risk and Return Concepts, New Issue Market, Stock Exchanges in India - Operations, Listing of Securities, Stock Brokers and Other Intermediaries, Stock Market Indices, Investment Alternatives, Government Securities, Valuation of Fixed Income Securities, valuation of Variable. You don’t need to be an expert to invest like one. Rule #1: Don’t lose money. The best investors in the world use this rule to invest with certainty. As a Rule #1 Investor, you aren’t investing in stocks, you’re investing in a wonderful business at an attractive price to generate consistent returns. “For those who want to position.

Perhaps because of his unorthodox background Tian approaches the investing process in a scientific way, picking apart the strategies of successful investors to see how they work.

Much of Invest Like a Guru – and GuruFocus too, for that matter – is focused on the strategies of wildly successful value investors such as Warren Buffett, Peter Lynch and Donald Yacktman.

The dominant theme of the book is quality. Buffett famously said “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price,” and Tian spends most of Invest Like a Guru expanding on that core idea.

Checklist

Chapter 6 is particularly useful as a 20-point checklist of criteria to look for when seeking out quality companies, including consistent profitability, capital efficiency and insider ownership.

But while Invest Like a Guru is full of solid advice in what to look for in a stock, in my opinion, it’s far more useful in telling you what to avoid.

As a case in point, Tian dedicates a chapter to deep-value investing, and I personally consider this the most important chapter in the book.

Value Investing

I myself have gotten suckered into deep-value plays in the past, and they rarely seem to work out as planned or on the timeframe I had hoped.

Deep-value investing is what Warren Buffett called “buying dollar bills for 40 cents” earlier in his career. Later, he mostly eschewed the strategy, calling it “cigar-butt” investing.

The rationale is easy enough to understand: It’s hard to lose money buying a company that is worth more dead than alive.

Monetizing Assets

If a company’s net assets are worth significantly more than its current market price, management could sell off the company for spare parts and deliver a decent profit to shareholders. And generally, that would be the right move.

Remember, if a stock is trading that cheaply, chances are good that it is a company with very deep problems.

The problem is that it never quite works out that way.

Monetizing assets is messy and complicated, and management has a vested interest in keeping the enterprise going. And the longer they do, the more value gets eroded.

Sears

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As a case in point, consider the case of Sears Holdings (SHLD). Eddie Lampert and Bruce Berkowitz – both respected value investors – have effectively bet their careers on Sears in the belief that its real estate and brand portfolios represented massive untapped value.

The problem is that the Sears retail business continues to deteriorate around them. They may eventually unlock the value they had hoped to, but in my opinion it will have cost them dearly in money, reputational damage and – perhaps most importantly – opportunity cost.

In my opinion, had they focused their energies elsewhere, they might have made far better profits with far less headache.

The Oracle

Invest Like A Guru Pdf Free Download Windows 10

Buffett himself learned the same lesson with Berkshire Hathaway (BRK-A), which was a failing textile producer when Buffett originally bought it.

Berkshire eventually failed, but only after Buffett had wasted untold time and energy (not to mention money) trying to keep it afloat. Buffett called his purchase of Berkshire Hathaway a “$100 billion mistake.”

Tian finishes the chapter with the simple observation that “There are better ways to make money.”

If you’re new to value investing, I highly recommend Invest Like a Guru. But even if you’re a seasoned investor, you’ll find plenty of insightful food for thought.

Invest Like A Guru Pdf Free Download Books

My compliments to Tian on a solid addition to the value investor’s library.

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Photo Credit: Pictures of Money via Flickr Creative Commons
Charles Lewis Sizemore, CFA is the principal of Sizemore Capital Management, a registered investment adviser based in Dallas, Texas serving families and high-net-worth persons.

Big Bull Badshah of Dalal Street Rakesh Jhunjhunwala needs no introduction he is known as stock guru and warren buffet of India. By profession Rakesh Jhunjhunwala is a qualified Chartered accountant. He started his investment in stock market when BSE Sensex was at 150 in 1985. He started his investment with 5000 Rs/- and now his portfolio worth is 5119 Cr. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala’s portfolio of stocks is tracked religiously by many followers.

Rakesh jhunjhunwala is indeed successful stock market investor. So question arise that what are things/qualities that makes Rakesh Jhunjhunwala successful & billionaire Investor?

India has many so-called stock experts, trader stock analysts but none of the trader or stock analyst is as successful as Rakesh Jhunjhunwala. So with close observation I could locate following 5 secretes that make Rakesh Jhunjhunwala successful billionaire Investor.

5 Secretes that make Rakesh Jhunjhunwala Successful Investor

(1) Capital:-

To make money you need money, this may not be true in many cases but in case of stock market you need a lot of capital to become zero to hero or to become successful billionaire Investor.

But another big thing is capital can be made also. This is what rakesh jhunjhunwala has done. How he has gone with a starting capital of Rs 5,000 to a net worth of a few thousand crore rupees is now the stuff of urban legend.

Rakesh Jhunjhunwala said in one of his interview “I had no capital when I came to the markets, and no father gifts and no father-in-law gifts. So I had to earn the capital to invest. How do you invest if you don’t have the capital? And I got the capital by doing future trading.”

In 1985 when Rakesh Jhunjhunwala has started 5,000 Rs/- was said to be good capital for investment today you at least required 2-3 Lakh as initial capital to start investment in stock market.

(2) Knowledge:-

In today’s world for every business or job you need relevant experience and skills. Without knowledge and experience one cannot get good job or cannot establish good business. Same is true in case of investment & stock market.

You require specific knowledge and skill set to become successful like Rakesh Jhunjhunwala.

Rakesh Jhunjhunwala said “Markets are about money, but markets are also about knowledge. Markets are also about egos; markets are also about the satisfaction of having been proved right. Especially, when that right is from an original thought and not from a guided source or following somebody.”

You need to do lot of research, a lot of data gathering and a lot of knowledge accumulation before making investment in stock market.

(3) Right time Right Decision:-

For every investment you make time of investment matters, especially in stock market, you have to be selective and have to pick right stock at right time. Rakesh Jhunjhunwala is master of that, he pick correct stock at correct time.

He made his first big profit of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 a share just 3 months prior. Between 1986 and 1989 he earned Rs 20-25 lakhs. His first major successful bet was iron mining company Sesa Goa. He bought 4 lakh shares of Sesa Goa in forward trading, worth Rs 1 crore and sold about 2-2.5 lakh shares at Rs 60-65 and another 1 lakh at Rs 150-175. The price rose to Rs 2200 and he sold some shares.

So right from beginning he has quality to select right stock and to click correct deal at correct time. This is important quality to become successful in stock market.

(4) Patience:-

Controlling emotion and keeping patience is extremely important in stock market. Stock market moves upward as well as downwards. During down trend or during market crash one should maintain patience. In other word one should have faith in investment made in stocks.

Jhunjhunwala’s stocks fell by up to 30% in December 2011. But he has quality to keep patience and that patience pays its fruit. He recovered his losses in February 2012. This year his portfolio has given around 35% returns.

(5) Vision:-

I believe that if a person can dream up something he/she can do it. It may take time and effort and persistence but it’s not impossible. Personally I believe dreams are worth fighting for because they are a representation of out truest self and out innate abilities.

In word of Industrialist Dhirubhai Ambani “Only when you dream it you can do it.” Or “For those who dare to dream, there is a whole world to win!”

According to me Rakesh Jhunjhunwala is visionary. He started with capital of Rs 5,000 in 1985 and now in 2013 he is sitting on portfolio worth 5119 Cr. To start with Rs 5,000 and to reach to Rs 5000 Cr in stock market is indomitable. He sees Dreams and has capability to turn dream in to reality.

To be successful in stock market like Rakesh Jhunjhunwala one must have vision.

There could be many other factors responsible for success for Rakesh Jhunjhunwala but preliminary I could find above 5 things which makes him successful in stock market.

Investment Philosophy of Rakesh Jhunjhunwala:-

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Rakesh Jhnunjhunwala stock picking strategy is influenced by George Soros trading strategies and Marc Faber’s analysis of economic history. He endorses the rule, “the trend is your friend.”

His investment philosophy says “Buy right and hold tight”.

He admits to having been a bear in the Harshad Mehta days and believes that investors should be like chameleons. He has said that the markets are temples of capitalism and believes that they are the ultimate arbiters.

He claims to base his trades, in part, on the business model of a company, its growth potential, and its potential for longevity. He factors in heavily the competitive ability, scalability and management quality of the enterprise. The entrepreneur, according to Jhunjhunwala, makes an invaluable difference to his expected investment returns. According to Jhunjhunwala, believing in the vision and the beliefs of the entrepreneur and evaluating risks that may not be perceived by the entrepreneur are key success factors for a trader.

At end I would like to share with you famous quote of Evan Esar on Success

“Success is the good fortune that comes from aspiration, desperation, perspiration and inspiration.”

Also Read:-12 Facts about Rakesh Jhunjhunwala