Dalal Street’s highly-rated fund manager Rajeev Thakkar, who manages the Rs 48,000 crore PPFAS Mutual Fund, is happy to have missed out the multibagger rally seen in a number of PSU rail and defence stocks in the last few months. “Unlike a zoo where you probably try to have two samples from each animal species, … Read more
The investment business is like a big tent that accommodates many distinct investors with different investment strategies, says Jean-Marie Eveillard. The legendary value investor says on one side of the tent is the Benjamin Graham approach and on the other side is the Buffett approach. “The Graham approach perceives value as being ‘somewhat static’ as … Read more
In a heavy asset business, GAAP accounting does a reasonably good job but when you start having important assets that you cannot touch and feel, GAAP accounting does not do so well, says Partner and CIO-U.S. Equities, The Oakmark Funds. You have been a value investor for a very long time and manage about $50 … Read more