SPJIMR Students Get Expert Advice on Becoming Next Warren Buffets

SPJIMR Students Get Expert Advice on Becoming Next Warren Buffets

Mr. Choksey spoke at length on the development of the capital markets in India and compared our model of developing the Capital Markets first before the development of agriculture and infrastructure unlike the Chinese model who are now looking at development of Financial Markets.

He also spoke of the various measures like the digitization of shares, electronic trading, role of NSE, removal of long-term capital gains on securities, etc. He also identified Agriculture, SEZs and the Real Estate Sectors for sustaining the growth in the economy.

India possesses working capital markets and world-class firms in some important high-tech sectors, which China has yet to achieve. While the market has recovered from May Tsunami, the focus is still on stocks and not the markets. Economy and earnings seem on track as seen by the euphoria on Jan.-Apr. 1992. Buying cheap, patience, compounding are the keys to the kingdom of 'financial freedom'.

The discussion with the students of SPJIMR, saw the finance wizards not let Mr. Damani rest easy as they not only quizzed him on the future of the Bull Run in the market and its sustainability, but also expected expert advice on becoming the next Warren Buffets.

Concluded.

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

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