Stock Market rallied since last three days and everyone is getting a call from there most preferred brokers.”Buy this buy that" ,but there is one very interesting call I got from my icicidirect account(I prefer it because it's a plain portal and does not flash stock tickers for you every one second or so, more about ticker experience later). Well there call was buy HUL above Rs.238. Confused, well anybody can get confused, that why the hell are they asking me to buy HUL above so or so price. Is this some kind of joke from icicidirect , i don't know but that's for sure if you can get something for Rs.10 and your neighbor offers you to sell it for Rs.11, in most of the cases you will deny. I though a lot about this call and was not able to digest the fact. So people don't get caught in such kind of calls.
About experience with tickers: Earlier whenever researching about any company I give a lot of thought to the moving averages and prices and which impacted my decisions. I researched a lot about the company, always remaining very conservative in my valuations but in the end was moved away by rising prices. And this was the cause of my failure. But I never lose hope and one day I got the answer from my buffets letter. I changed my philosophy and now I started analyzing companies first, Note all the good points in xls , do scuttlebutt and note these too in xls, do conservative DCF valuation (DCF valuation should be your last destination and I have read this from all great investors and it’s true also because you should always valuate a good business not a sub standard one.) I note the valuation also in xls and how I did it.

On Agriculture Business: I’m really bullish about agriculture and renewable energy business in India, more specifically agriculture because it’s one sector which has great potential and has been left unnoticed since long although our economy is based on agriculture. And I think it’s not Indian railway which is the world’s largest employer but it’s Indian Agriculture. Read this http://www.fao.org/docrep/u8480e/U8480E0w.htm Karuturi Global has already reached Africa, Advanta is into hybrid seeds making and Jain irrigation is into drip and sprinkle irrigation technology and tissue culture there is lot and lot going to happen in this sector but why I’m betting on karuturi and jain irrigation because they have see one complete business cycle and have come up really well. They have tasted success and can repeat it year on year, if the current management remains intact. Moreover these are owner managers who have made fortunes, investing in such off track businesses and became market leaders.

I’m constantly reading Warren Buffet letters and would like you to read and discuss with me, I’m always open for discussion because it has always helped me learn new stuff and hope it will help you also.