With change in economy strategies changes and following anyone either Buffett, RJ or even joker SS will be injurious to health & wealth.

[My response to the mail sent by a smart Investor - Read from bottom to top]

Dear Friend,

I don't track anyone, neither Buffett not RJ (forget about Shankar Sharma), what they speak whether it is Buffett or RJ or any market participants, all are biased by the position they held in the market (That is one reason why we have restricted "HBJ Capital Team" NOT to take a position in Nifty FnO while predicting or anticipating Sensex or Nifty level, so that we must get biased and provide independent views).

I have mentioned one of the biased statement from Buffett here Link. I remember in Jan’08 when RJ lost Rs800Cr in just few days due to sudden market crash and when he lost huge sum betting against RPL stock in sometime Aug-Sept'07; how he reacted and what comment he passed to media.

After all we all are human beings and in spite of all our effort we can’t get rid of our own emotions. We talk what we think and we think always for our benefits and our gains will come from our positions hence we talk based on what positions we have in the market because all these analysts or so called smart people are after all players of the same game "Stock Markey" or "Money Market" where you and me are small fish ready to get fished out;-)

Following anyone will not help, it would always be better to follow your own thoughts and wisdom. Just to give you an example Buffett never followed his own mentor Benjamin Graham, he created his own principles of picking stocks that is why Buffett is Rich Buffett and Graham was Poor Graham. With change in economy theory or strategy changes and tracking or following anyone either Buffett, RJ or even Shankar will be injurious to health & wealth. Form your own principle of picking stocks just like "HBJ Ways of Picking 10in3 stocks". Just like how NRN created a global delivery model which was not existing at all. If he would followed anyone he might not have created Infy.

For me Sensex/Nifty numbers are meaningless from an Investor's point of view. It is just a reflection of the emotions of the participants in the equity markets. People keep focusing on 10K or 20K or 30K for Sensex and in the mean time they forget that there are many multibaggers took birth and are prospering well. From 1993 to 1998, Indian stock market didn’t do anything just hanging around 3000-4000 levels; hey, it is a long period 5 years and no movement but don’t you know during these 5 years Infy was silently growing leap and bound, and in these 5 years it gave massive returns of more than 200+ times. Those who were focusing on the market or index left with nothing in their hand. So, forget about these numbers who cares, I care about next Infy, next Bharti so on.

First Global, Ms Devina and Shankar Sharma all come for great criticism by Suchets Dalal. These were also big players in the Harshad Era of talk big do little and subvert the system. Even in the Ketan Parekh scam they were instrumental in financing the scoop against the govt. Hidden camera Defense expose.

As far as I remember Shankar Sharma said on CNBCTV18 that Sensex may touch 30000+ in 2008 (He said this in Nov 2007) and he was talking all dynamics of India, but Sensex was not able to cross 21K itself. And now he is talking just the opposite, he is one of the biggest joker or say entertainer (anyone coming on the TV18 with weird predictions) he can change his stance within a fortnight. Faber, Shankar etc are people who work on the logic that "if you are consistent someday you will be right". Even a watch which is not working will be right twice a day.

When veterans like Buffett, Jhunjunwala openly say that they can’t predict the movement of the markets what can you say about these analysts. When I try predicting market I laugh on myself, I know that I can’t or no one in this world can predict the market but I do try based on micro/macro economic factors just because of huge demand from my reader (traders) so that in the short term money can be made after playing smartly and occasionally in the market. But again I would re-iterate go for 10in3 stocks buddy, it will change your life forever rather than watching index.

Regards,
Kumar, Head Equity Research & Investment
HBJ Capital, India

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On Wed, Oct 15, 2008 at 6:52 AM, xxxx wrote:
Kumar,
I am not sure if you track Shankar Sharma or not, but i do.
If i ever heed to any of the so called experts, then it would only be Shanklar Sharma.
I have been tracking this guy for almost 3 to 4 years and this guy is really really gud.

He is one guy who gave a target of 12K last December and i still remember the interview. Even Udhayan was mocking at him during the interview.

He just explains as to why he has the targets and i really like that.
Well, quite like him I believe in one another guy too :)

I have been reading your blogs - even you are expecting 30K in 3 years.
Please find Shankar's interview in the below link and could you please let me know what you think about the contents???

Regards,
xxx