http://www.btvin.com/videos/watch/10444/market-correction-mainly-due-to-international-factors:-rakesh-jhunjhunwala
- RJ iterates that fall in oil is a god's gift to India
- Bull mkt corrections are deep and quick. Investors need to ride them
- Markets are not over valued
- We are underestimating the change and consequences in India
- Feels post budget mkts will do well if the expectations of the budget are low and vice versa
- Thinks global stimuls will not stop fund flows
- Investments are full time work and people are better choosing good fund managers than stocks / sectors
- Investment cannot be thought it has to be learned and that too with experience
- Remains bullish on Housing Finance companies
- Does not try to predict profits of companies beyond a point and is not into analysis paralysis
- Financial sectors will do well
- Exchanges are having monopoly. It is a play on India's economic growth
- PSUs have bad corporate governance
- Bullish on Escorts where internal restructuring are taking place
- When Indices goes down it is easy to get value picks but there are oppurtunities even Indices go up. RJ invested in Praj when the Index was up by 40%. Praj was a 40X.
- Regarding Infra companies, he rather invest in less leveraged companies
- Cautiously optimistic in near term, very bullish on long term
- Equity was / is the best asset class for RJ. Equity investing is easy in execution and from tax perspective
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