SPJIMR Students Get Expert Advice on Becoming Next Warren Buffets

SPJIMR Students Get Expert Advice on Becoming Next Warren Buffets

S. P. Jain Institute of Management & Research (SPJIMR) hosted an interactive session on 10 December 2006 by Mr. Ramesh Damani, Director, Ramesh Damani Finance Ltd. and Mr. Deven Choksey, MD, K. R. Choksey Shares & Securities Pvt. Ltd.

Mr. Damani and Mr. Choksey are among the most respected names in the Indian capital markets and understand very clearly how this entire "dream sequence" is being financed. Mr. Damani is well known in the media and is a regular on CNBC's www.moneycontrol.com, is considered the master of market fundamental analysis in the industry.

The session on the "Role of Capital Markets in transforming 'The India Story'" provided the students of SPJIMR with a keen insight into the capital markets. With the whole world talking about 'The India Story' and 'The Asian Century', news of takeovers, mergers and acquisitions and the vast business opportunities that India offers, this discussion was very lively and enlightening. The capital market provides the link between the real and the financial world and turns the savings of the people into investments. The economy is on a boom spree with the Capital Market on its longest expansion spell and the Sensex reaching 'new highs' and adding to the excitement.

Mr. Damani spoke about the road ahead in the Indian equity markets with innumerable aspirations as possibilities. He said that the four-fold aims of the Indian people comprises of democracy, demographics, digitization and choosing to create our own destiny. He spoke at length on the history of the capital markets and the famous bull runs right from the Dow Jones of the roaring twenties, the Nikkei during the seventies right up to the late eighties, the Nasdaq during the nineties and our very own sensex during the early nineties and the latest bull run where we have seen the market reach in an intraday high of 14000.

Stressing on the fact that it is more important to pick ones stock based on ones comfort with that company, understanding of the industry, etc., he said that we should not just look at the markets. Such a strategy shall ensure returns even when the markets tank. The China versus India chase is akin to the Hare v/s Tortoise race. He reiterated that by 2020, globalization is likely to take on much more of a 'non-Western' face and that India and China probably will be among the economic heavy-weights or haves.

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Contributed by -
Meghana Kedar (Campus Associate),
PGDBM, 2006-08,
S. P. Jain Institute of Management and Research, Mumbai.

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