These are excerpts from letters written to the clients of Jeetay's PMS (Portfolio Management Scheme)
 
 
 
  • 23rd May 2013 -
  • “You can invest in something all day long, but unless the fundamentals are right, it is not going to take you anywhere. Get the fundamentals right and the good news keeps coming. Lucky? If you want to be lucky, do your homework.” -Jim Rogers, “Street Smarts”
  • 22nd May 2013 -
  • “To succeed on Wall Street, you have to be extremely curious. Who knows when you pick up a rock, what might crawl out and where it will lead? Furthermore, you have to be skeptical. Most of the things you are told, after turning over that rock, are going to be inaccurate, reflecting a lack of knowledge or a distortion of information, whether on the part of government, a company, or an individual. You cannot take anybody’s words for anything. You have to research everything yourself, prove everything yourself. You have to tap every source. A hundred people can walk into a room and hear the same information at the same time, but only 3 or 4 percent of them are going to come out of there and make the right judgment.” -Jim Rogers, “Street Smarts”
  • 21st May 2013 -
  • “Success in life is measured by the ability to anticipate change.” -Jim Rogers, “Street Smarts”
  • 20th May 2013 -
  • “As a student of history, I found it fascinating to learn how the markets were driven by world events. But what really struck home, for the first time in my life, was how predictably, throughout history, world events were driven by the markets. -Jim Rogers, “Street Smarts”
  • 18th May 2013 -
  • “The beauty, the excitement of Wall Street, is that things are always changing. You have to stay ahead of events. The action is never ending. It is like a four-dimensional puzzle, linked to volume and time.” -Jim Rogers, “Street Smarts”
  • 17th May 2013 -
  • “Not even the ingenuities of debt could save it from its losses being met.” -Robert Frost
  • 16th May 2013 -
  • “A mighty flame followeth a tiny spark.” -Dante
  • 15th May 2013 -
  • “Patience, and shuffle the cards.” -Don Quixote
  • 14th May 2013 -
  • “For having lived long, I have experienced many instances of being obliged by better information, or fuller consideration, to change opinions even on important subjects, which I once thought right, but found to be otherwise.” -Benjamin Franklin
  • 13th May 2013 -
  • “It infuriates me to be wrong when I know I’m right.” - Molière
  • 11th May 2013 -
  • “Nothing doth more hurt in a state than that cunning men pass for wise.” -Francis Bacon
  • 10th May 2013 -
  • “Lost money or money you are cheated out of, is very well invested because you are buying some useful experience.” -Arthur Schopenhauer
  • 9th May 2013 -
  • “Integrity is the one absolute requirement of managers.” -Peter F. Drucker
  • 8th May 2013 -
  • “Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.” -Douglas Adams
  • 7th May 2013 -
  • “If a man gives no thought about what is distant, he will find sorrow near at hand.” -Confucius
  • 6th May 2013 -
  • “As a matter of self-preservation, a man needs good friends or ardent enemies, for the former instruct him and the latter take him to task.” -Diogenes Laertius
  • 4th May 2013 -
  • “There is only one thing more painful than learning from experience, and that is not learning from experience.” -Laurence J. Peter
  • 3rd May 2013 -
  • “Nothing fails like success when you rely on it too much.” -Arnold Toynbee
  • 2nd May 2013 -
  • “Where we have strong emotions, we’re liable to fool ourselves.” -Carl Sagan
  • 30th April 2013 -
  • “The ability to foresee that some things cannot be foreseen is a very necessary quality.” -Jean Jacques Rousseau
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