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“The art of getting rich consists not in industry, much less in saving, but in a
better order, in timeliness, in being at the right spot” |
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We believe that absolute returns are possible in ALL MARKETS, bull and bear as long
as we have holding power to ride the market’s irrationality in any direction |
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While we stand by value, we respect market psychology and understand that the most
stellar returns are delivered by the markets in short spurts |
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Our Investing style is a combination of value and liquidity considerations. We pay
as much attention to market psychology at any particular point of time, market cycles,
investor behaviour as we pay to stock prices and value |
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In bear markets, we leverage the fact that most companies are not covered in great
details and value is available right in the financials. In such markets we invest
like we are buying businesses that are selling cheap either because of a lack of
interest or liquidity |
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In bull markets we change our strategy to deliver returns based on a combination
of liquidity and fundamentals. As the crowd of investors swell, we recognize that
stock prices could grow exponentially and continue to rise way beyond any measures
of value |
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