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Saturday, September 13, 2008

Atlas Shrugged....!!!

Reluctantly, I admit that I'm not untouched with the contagious disease affecting Bulls and Bears originating from some place at Mumbai called Dalal Street .Oft repeated cliché " Black Hole of Dalal street siphoning innocent money", bothered me a lot but I don't remember when it happened .......I knew, I heard, I saw and I was conquered.

-Period-

In Year 2005, shrill sound of vehciles, vociferous urchins, hooting vendors.....Cannaught Place at Delhi has always been cacophonous......but there was just one thing which was silently falling in love with equities. This was my first job at CMIE. My Profile allowed me to interact with several brokers. Gradually I started inculcating the dynamics of Capital Market.

A year later I entered Deloitte, one of the leading Consulting Company of the world. But the passion for equity was always there. Sub prime crisis in USA provided me with ample opportunity; this was the time when I made my first investment in TCS. I thought market has bottomed-out but I learned, search for bottom has always been like metaphorical Mirage. Dalal Street has always been known to punish the people not doing thorough research and I was no different.
I’m not easily influenced by every Tom, Dick & Harry. But more I read about Warren Buffett, more I submitted myself to him. If Ekalavya can from Guru Dronacharya, so did me from Warren. Oops...!!! of late I remember Guru Drona asked for thumb of Ekalavya.............any idea what Warren looks for............I wish it's my thumb and not RPL Shares from my portfolio............ I learned my first lesson of stock broking from him and perhaps the last lesson will also come from him. I owe a lot to him. The Warren Buffett Way and Warren Buffett portfolio and few articles were enough to drag me in this world.

There were several people who dissuaded me from entering Dalal Street but……………………………… Atlas Shrugged……..!!!!!!