These are excerpts from letters written to the clients of Jeetay's PMS (Portfolio Management Scheme)
 
 
 
  • 4th February 2012 -
  • “On the stock market, optimism can kill you.” -Gerald Loeb
  • 3rd February 2012 -
  • “To be optimistic is to expect the best results. Lucky people, as a rule, don’t.” -Max Gunther, author, “The Luck Factor”
  • 2nd February 2012 -
  • “When I go into any business deal, my chief thoughts are on how I’m going to save myself if things go wrong.” -J. Paul Getty
  • 1st February 2012 -
  • “An outstanding characteristic of the successful gambler, the pro, is that he knows how and when to get out of a hand and cut his losses. Of course he knows all the mathematical odds by heart, which gives him an edge over most people he hustles, but his main edge is in the area of emotion. When the odds say he probably won’t win, he doesn’t argue, he just leaves his money in the pot and lays down his cards. The chronic loser isn’t emotionally equipped to do that. He’s so desperate not to lose his investment that he takes wild chances to protect it.” -Dr. E. Louis Mahigel
  • 31st January 2012 -
  • “I’m studying it … I’m checking it out - like one of those government commissions that are afraid to make a decision. They hold hearings, collect facts, stew and fuss and keep very, very busy for months and months. After a while you know it’s just a sham. The appearance of action is just a front to hide inaction.” -J. Paul Getty
  • 30th January 2012 -
  • “A thin line exists between being confident in and committed to our investing strategy and embracing our own ideas blindly and inflexibly.” -Maury Fertig, author, “The 7 Deadly Sins of Investing”
  • 28th January 2012 -
  • “The problem is that safe investments foster an illusion of wisdom.” -Maury Fertig, author, “The 7 Deadly Sins of Investing”
  • 27th January 2012 -
  • “But knowledge has another very peculiar characteristic, which is that the important new advances do not come out of the specialist’s discipline. They come from the outside. It makes no difference what you look at. Every one of the things that have transformed the discipline of history, for instance, came from outside-from psychoanalysis and psychology, from economics, from population statistics, from archaeology.” -Peter Drucker
  • 25th January 2012 -
  • “One of the things you learn from working with research organizations is that they become constipated because there’s too much.” -Peter Drucker
  • 24th January 2012 -
  • “It’s bred in the bones of the human race that the more information, the better - it’s quantity that counts. But when information is no longer scarce, believe me, you very soon learn that less is more, and that more is most definitely less. And you learn that quality counts, and that information is something that has to be selected.” -Peter Drucker
  • 23rd January 2012 -
  • “If you try to grab too much, you may end up with nothing.” -The Talmud
  • 21st January 2012 -
  • “Greedy investors are attracted to high-risk, high-reward investments, and more often than not, they receive the risk without the reward.” -Maury Fertig, author, “The 7 Deadly Sins of Investing”
  • 20th January 2012 -
  • “The battlefield is a scene of constant chaos. The winner will be the one who controls that chaos.” -Napoleon
  • 19th January 2012 -
  • “Always those that dance must pay for the music.” -John Taylor
  • 18th January 2012 -
  • “Investment is a relatively simple activity, which is frequently over complicated by complex beliefs and theories that owe more to fashion and a particular market environment than any fundamental truth. In the end, the simple logical rules win out and must be re-learnt painfully.” -Satyajit Das
  • 17th January 2012 -
  • “No warning can save a people determined to grow suddenly rich.” -Samuel Loyd
  • 16th January 2012 -
  • “He who holds the gold makes the rules.” -Ancient proverb
  • 14th January 2012 -
  • “I’m very brave generally,” he went on in a low voice, “only today I happen to have a headache,” -Lewis Carroll
  • 13th January 2012 -
  • “Presume not that I am the thing I was.” -William Shakespeare
  • 12th January 2012 -
  • “When, lo, as they reached the mountain-side, A wondrous portal opened wide, As if a cavern was suddenly hollowed; And the Piper advanced and the children followed, And when all were in to the very last, The door in the mountain-side shut fast.” -Robert Browning
    Next page