Summary
Follow The Leader
When the going gets tough, find out what the tough are doing. A look at what stocks the gurus are buying in these troubled times.See the full content of this document
Extract
Money News
Krishna Gopalan
If you were on Mumbai's Dalal Street on May 22, it is unlikely that you will ever forget the day. Trading at the country's premier exchange was suspended for an hour and the agony writ large on the faces of the investors said it all. If you had your money in the market that day, you were a very worried person.The dust hasn't quite settled yet. The market continues to bleed, after closing below 10,000 points on June 6, 2006. It closed at 9,295.81 points on June 8, when the magazine went to press. The FIIs (foreign institutional investors) have reportedly predicted the Sensex reaching the 7,000-8,000 mark before the bears' thirst for blood is staunched. The question then is this: what now? How should you be behaving in a market that is quite so intent on mauling the investor?Looking around for answers, it struck us that we wouldn't do too badly if we were to take a page or two out of the books of the master strategists in the game. After all, who better to tell you how to handle the market's many moods? These are legendary figures, moving in the rarefied circles of the private investor-millionaire club populated by only about half-a-dozen players. Of these, we have picked three: Rakesh Jhunjhunwala, Shivanand Shankar Mankekar and Nirmal Kotecha. Their portfolios make interesting reading, and the value of their holdings even more so. Are there any tips here for the average investor?At The VanguardThe first and foremost lesson is obviously this: stay invested. These are temporary hiccups and the long-term potential of equity can hardly be over-emphasised. And second, use this fall to get ...See the full content of this document
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