It's common to come across tips on "Invesitng like Warren Buffett", but those are incomplete without you actually adopting the values and ethics that he follows. It's sure to help you in leading a happier and more meaningful life.
Buffet is full of wisdom, not just on investing, he is a terrific life coach is well. Let’s get intellectually richer by reading some of his best advice to humanity. Remember! Being a good human is a precondition to becoming a good investor.
What is beginner's luck ?
Wikipedia defines it as -
“Beginner's luck refers to the supposed phenomenon of novices experiencing disproportionate frequency of success or succeeding against an expert in a given activity.
The industrial behemoth has been the darling of the market in the ‘80s and ‘90s, but has disappointed its investors in the last decade. The share price has hardly doubled from its 2007 levels, offering a CAGR of paltry 7% to the investors. On 31st March 2007, the share price was Rs 730, and on 23rd june, 2017, the share price is 1432 with a minuscule dividend yield. During the same period, Sensex has given a return of 9.1%. So, Reliance has even under-performed the index by a good 200 basis points. The fact that the dividend yield has been meager as well, sums up that reliance industry has only caused disappointment to the investors in the last decade.
Let us analyze why this has been the case -
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