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Chetan D. Parikh’s Followers (7)
Chetan D. Parikh
More books by Chetan D. Parikh…
“It’s not important how many wins you make or the frequency of your wins or even the likelihood, in a very foregone sense, of the win. However, unless the size of the win can be very large, he is very large, he is very unlikely to come and make the bet. He is only interested in mispriced bets, and he is looking for bets which can give him outsize returns. That’s very different from most human beings. Most people like to feel comforted when they make bets, that we bought 10 stocks and 9 of them did well and you know if one went down, we should self-flagellate ourselves on how stupid we were. Nemishbhai understands that you will not win all your bets because it’s about business and it’s about unforeseen events and so on and so forth. As long as he is getting very good odds on the bet which he’s taking and the aggregate of the bets which he takes gives him a disproportionate return, that’s what he wants.”
― India’s Money Monarchs: Conversations with leading investors
― India’s Money Monarchs: Conversations with leading investors
“You must sell when people are typically in an optimistic frame of mind, when people are still enthusiastic about what’s happening. You can never sell into weakness. The time to sell usually is when a whole lot of people are highly enthusiastic about the stock. The flip side of that is the time to buy is when everyone has written off a business, written off a company, written off a sector. That one is much easier to implement. Selling is much tougher because the human mind is not hardwired to do that. You get caught up in the enthusiasm.”
― India’s Money Monarchs: Conversations with leading investors
― India’s Money Monarchs: Conversations with leading investors
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