a dollar for the idea? (bi)

many of my friends (at times, even just-recently-strangers) ask me for some business idea.

it has happened so often that i am tempted to start a series on all the business ideas that pop in my head.

it is worth mentioning that the ideas i am going to share are for individuals (though later on these can be expanded to any level (afterall, if the concept of burgers can be converted into a worldwide chain, anything can be - no product or service is small, only the thought is the limit).

the ideas are based on the unmet needs and opportunities that i see all around me in daily life.

investment required may be as less as a few hundred bucks (even zero!)

this is a no-holds-barred and no-ego-in-business series.

this will be more tempting for the unemployed youthful souls with fire in the belly and hunger in their eyes!

message for friends, readers, well-wishers

i wish to conduct

training sessions on trading based on technicals

at select places in india and abroad.

i invite suggestions and proposals

from friends, readers and well-wishers

who share my passion in this field,

who have time, energy and resources

to act as facilitators, organizers or partners

for this venture

which may, later on,

take a more formal and evolved shape.

jagmohan singh

email : jagmohanshan@gmail.com

cell: +91 9418037474

is this the start of the end of the US dominance?

“There is no means
of avoiding
the final collapse
of a boom
brought about
by credit expansion.

The alternative is only
whether the crisis should come sooner
as a result of
a voluntary abandonment
of further credit expansion,

or later
as a final total catastrophe
of the currency involved.”

Ludwig Von Mises,
Human Action,
Yale University Press, 1949






(thanks to jatin for sharing this and much more with me)

the martial art of catching a falling knife

"never try to catch a falling knife"
has become a cliche'.

it has seemingly become
such an old fashioned statement
that
actually catching a falling knife
has now become a fashion statement.

only that everytime
this daring catwalk turns out to be
a robe malfunction!

the knives that fall by mistake
or because of some serious misunderstanding
are the ones that do rise back.

but such accidents are rare.

rarely do the knives fall
for no reason!

either there is some earthquake outside
or some butcher inside
the trading house.

and till that reason is there

they will keep falling

while dodging on the way!

knives of butchers (read operators)
move up and down;
in which case
both rising as well as falling knives
can be deadly.

still,
a knife is a knife.

always better to be picked
from the table.

if, however, you are a samurai
there is
one safe way to catch a falling knife -

and that is
to move your hand down
equal to the speed of its fall.

i.e. buying the crashing stock
expecting it to keep falling
and hence be mentally, spiritually and physically
ready to let it go
if it doesn't seem to be stopping.
and repeating the process
again and again
till its handle
is firmly in your grip!

trading is the only martial art
where a loose grip is a must! 

the real fundamentals - IX

can a company with "good fundamentals" sink almost overnight?

sounds like a wrong question.

not if you know

that satyam's fundamentals were as sound as the foundation of a dam

before it collapsed in the fall of 2008 !

it was then the fourth largest indian i.t. company

threatening to threaten the giants!

--

lesson = fundamentals of fundamentals are more important than the fundamentals.

rag pickers

many people hate rag pickers.

i don't.

i admire them
for searching for value
amidst heaps of abandoned bits and pieces.

not surprisingly
many a times
they find valuables therein.

but for them
those precious things
which got in the wrong heap
would have been either lost
or ended up
in the stomach of a fish
and hence on the table of a rich merchant.

--

i, too, from one point of view
am a rag picker.

well, not as well and as passionate one.
but definitely i am trying to be one.

every other day
whenever i am in mood
and have money in my pocket
i remove my "comfort" shoes
roll-up my "casual" sleeves
cover up my "impulsive" nose
and get into
a new heap
of abandoned
stocks!

amidst the soiled
dusty
greasy
worn
torn
broken
rusted
outdated
and
dead stocks

quite often
i do locate
a still-breathing
promising
potential stock
not deserving to be there
but in my portfolio!

i bring them home
wash them under the light of facts and figures
shake them up to hear the sound of promise
and put them on my investing table.

the real fundamentals - VIII

how and where do we get all this info?

- read a lot of business newspapers (rs.5/-)

- read as many business magazines u can lay ur hands on (rs.50 per mag on an avg)

- watch a hell lot of interviews of businessmen on business channels

- watch a hell lot of interviews of analysts on channels.

- read a heaven lot of good business portals

- use a lot of common sense, self-analyses (even at the risk of being wrong)

- visit companies and their offices and outlets, meet and talk to their employees, vendors, distributers; use their products.

-----

after all this

just close your eyes

and let ur inner voice do the talking.

------

practice practice practice

trust yourself........