Well, its meant different things to me at different points of time. I am a book loving maniac who reads books in the drivers seat of his car at traffic crossings while waiting for the light to turn green. For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out valuewalk premium right here. By hari ramachandra 27 june 2016 sanjay bakshi has been an adjunct professor at management development institute mdi, gurgaon one of indias top business schools where he teaches a popular course on behavioral finance and business valuation. I have not come across any significant holdings in sanjay bakshis name. See the complete profile on linkedin and discover sanjays connections and jobs at similar companies. You can create a different pdf ebook for the latest 3,200 tweets you have liked. View sanjay bakshis profile on linkedin, the worlds largest professional community. Take a look at this roller coaster stock price chart. Sanjay bakshi is adjunct professor at management development institute mdi, gurgaon one of indias top business schools where he teaches a popular paper on behavioral finance and business valuation. Sanjay bakshi recommends all books on the lists of warren buffett and charlie munger see above, plus the following business and investing incl.
He started his investing journey 12 years back and he has been periodically investing in index funds. He got interested in value investing after reading one up on wall street in 2006. Sanjay bakshis website i am an adjunct professor at management development institute, gurgaon where i teach a popular paper on behavioral finance and business valuation bfbv. Seven stocks where prof sanjay bakshis fund is betting on moat to create value. Never believed in picking individual stocks until he came across prof. Sanjay bakshi has revealed hitherto unknown facts about his valuequest india moat fund. Sanjay is also ceo of tactica capital management, a deep value investing boutique. Buffett was heavily influenced by ben grahams teachings at columbia who taught him how to evaluate stocks in 1930s. I am a bookloving maniac who reads books in the drivers seat of his car at traffic crossings while waiting for the light to turn green. Mdi students have elected sanjay as the its best professor for several years. Sanjay bakshi s website i am an adjunct professor at management development institute, gurgaon where i teach a popular paper on behavioral finance and business valuation bfbv. Sanjay is also a successful value investor with an audited long term track record of of delivering a gross usd return of 24% a year from 2001 to 2012. Intelligent fanatics are those ceos that have intense focus, integrity, energy, and narrative fallacy, halo effect and power of a story.
He is managing partner at valuequest capital llp a specialist in moats investing. Sanjay bakshi 1,673 books meet your next favorite book. The book is particularly adapted to the needs of students in colleges of business administration, but it is also fitted for study by college students of mathematics who. Value investing, the sanjay bakshi way part 1 safal niveshak. Maheshwari published by institute of chartered accountants of india was recently released by mr. Managing partner, valuequest capital llp the author is a managing partner in valuequest capital llp, a sebi registered investment adviser. Bogle then explains what he learned to turn the odds in his favor. This isnt his only book, but its the one that covers his own. Book recommendations from legendary investors safal niveshak. The mathematics of investment this book provides an elementary course in the theory and the application of annuities certain and in the mathematical aspects of life insurance. As a famous quote goes, the man who learns from his own experience is destined. Sanjay bakshi quote in my view, the best form of float for someone who wants to be a value investor to manage other peoples money for a profit share or to invest in businesses at attractive prices using float at attractive prices. Sanjay bakshis poetry on debt and holland says hello to recession.
A value investors guide to the biggest untapped opportunity in the world wiley finance our story, including background on the firm, our philosophy, and the management team. Page 3 of 64 foreword i recently had the privilege of meeting one of the highly regarded professors in the field of value investing and behavioral finance, prof. A close look at the holdings of bakshi s valuequest india moat fund gives some idea where the fundoo professor expects moat to create value. The only way to guarantee your fair share of stock market returns takes the surprising approach that for many investors, the stock market is a loselose proposition. Yesterday, i delivered a talk titled seven intelligent fanatics from india at value investing seminar, trani, italy. Sanjay bakshis stock picking wizardry results in mega. Here is an excerpt from our interview, where we discuss how professor bakshi defines value investing and what it means to him. Although largely focused on linking to investing and economic material it deems of interest, it will also post and link to material from other disciplines. Oct, 2019 thread a few years ago, i was invited to speak at a conference where both the organisers and the audience were hugely dominated by traders.
There is a limit as to how much one can learn from ones own experience. Sanjay bakshi, eminent teacher and practitioner of value investing and behavioural economics, is better known for his moat investing philosophy. He also said that he is overwhelmingly in sync with ians. Fundoo professor sanjay bakshi says the stock market is deeply prejudiced in pricing moated businesses and exploiting these prejudices can lead to successful investments.
Professor sanjay bakshis lectures professor sanjay bakshi has posted some of his lectures on his blog. Sanjay bakshis tips on how to exploit market prejudices. Sanjay bakshi if i have seen a little further it is by standing on the shoulders of giants. Graham requires the low pb to accompany a low pe as well. Sanjay bakshis fund we all trying to practice value investing are always trying to follow professor sanjay bakshi and his blog. He is also a successful practitioner of value investing in india for more than 22 years and at present is managing partner at valuequest capital llp, which is an investment boutique that advises a few large family offices in india and an offshore fund called the valuequest india moat. Interview with professor and fund manager sanjay bakshi. Sanjay bakshi on reading, mental models, worldly wisdom, and investing. Sanjay is one of indias bestrecognized professors in the field of value investing and behavioral finance. Sanjay bakshi needs no introduction to the investing community. Despite being written in the 1960s, the book hasnt aged one bit and the lessons it teaches the reader are as fresh and relevant today as they were a half century ago. But the more interesting question for me is under what circumstances volatility equates risk. Well, every value investor who has read buffett, klarman, and howard marks knows this.
Elected by mdi students as best faculty in pgpm for 200406, 200608, 200709, 200911, 201012, 2011, 201214, 2015, 201517, 201618, and 201719. The psychology of human misjudgement day three and four. It has already richly rewarded its lucky shareholders. Sanjay is also a successful value investor with an audited long term track record of of delivering a gross. Moats warren buffetts letters to shareholders the little book that builds wealth pat dorsey. Jul 31, 2012 value investing, the sanjay bakshi way part 1 july 31, 2012 65 comments i recently had the privilege of meeting one of the highly regarded professors in the field of value investing and behavioral finance, prof. I know that some of you may disagree with me about the conclusions about some or even. Bakshi, himself a follower of this practice, says moated businesses carry very low risk of permanent loss of capital. This hand book has been selected to be posted at website of afie asian federation of investors education japan. The assets of a company should valued higher than book value when the return on capital is higher than the market rate of return gsec yield as a benchmark. Seven intelligent fanatics from india fundoo professor. But here we collated his views over the years sources mentioned at the end on when to sell a stock.
Sanjay bakshi on reading, mental models, worldly wisdom. Jun 09, 2014 sanjay bakshi quote in my view, the best form of float for someone who wants to be a value investor to manage other peoples money for a profit share or to invest in businesses at attractive prices using float at attractive prices. Vishal, that particular problem is equally applicable to large investors. Mdi students have elected sanjay as the best professor for several years. Feb 19, 2018 the assets of a company should valued higher than book value when the return on capital is higher than the market rate of return gsec yield as a benchmark assets in the hands of a manager who thinks like an owner and acts in the interests of an owner are more valuable than that of a manager in an identical business that does not.
As a practitioner of value investing in india for more than 25. Sanjay bakshi managing partner valuequest capital llp. None of the stocks of companies run by any of these seven entrepreneurs were recommended for purchase. The fund has invested in small and midcaps and has clocked in impressive gains of 108% in fy 201415 if you have a stock query, you can ask at the stocks talk forum. Notes on the mathematics of investing in quality by. The stock crashed by 63% in just 118 days between late 2008 and early 2009. The post the art of value investing with sanjay bakshi, professor and value investor appeared first on valuewalk. Prof sanjay bakshis alltime favourite topquality stock boasts of a deep and impenetrable moat. K mittal, secretary ministry of corporate affairs govt. Click here to download the pdf version of entire interview.
The prof complimented ian for dispensing wisdom through wonderful tweets. Sep 28, 2017 here is an excerpt from our interview, where we discuss how professor bakshi defines value investing and what it means to him. The confidence reposed in it by superace investor sumir chadhas jwalamukhi holdings suggests that more bumper gains are in the pipeline. This workshop on behavioral finance and value investing, which will be spread over four days, will cover the following topics. Those who know about the lives and investing experiences of investors and teachers like warren buffett, charlie munger, and prof. The challenges and promises of longterm investing by victoria ivas. This is a wonderful way to start out on the value investing journey. Sanjay bakshi sanjay is an experienced and successful value investoradvisor and is also one of indias bestrecognized finance professors who has been teaching security analysis, behavioral finance and business valuation at management development institute, gurgaon since 2001. Value investing world is a blog dedicated to promoting the multidisciplinary approach to investing and development of as charlie munger describes it a latticework of mental models. Sanjay bakshi on reading, mental models, and thinking. Value investing years selecting stocks that are assumed to be. A moat is a metaphor that investment guru warren buffett first used to showcase the idea of a.
Buffett talked about graham and his book, the intelligent investor, and so i went and bought the book. He is also an adjunct professor at management development institute, gurugram. And reading is one of the key reasons they have been so successful in their investing endeavours. What can longterm value investors learn from traders. On this episode of the knowledge project podcast, i have on the show one of my favorite people. Sanjay bakshi on reading, mental models, worldly wisdom, and investing via shane parrish, farnam street this is the third episode of the knowledge project, my podcast aimed at acquiring wisdom through interviews with key luminaries from across the globe to gain insights into how they think, live, and connect ideas. Things sanjay bakshi would adddelete if he would starting investing carrier today. Dec 31, 2014 value investing, the sanjay bakshi way 2. Sanjay bakshi, the authority on value investing, and ian cassel, the founder of the microcapclub, have heaped lavish praise on each other for their respective stock picking skills the prof has written a piece in which he has eulogized ian cassel. Sanjay bakshi has 1,673 books on goodreads, and is currently reading patient capital. Save it to your desktop, read it on your tablet, or email to your colleagues. Value investing selection criteria total capacity is 70 of which 35 is reserved for flame investment lab alumni.
For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out valuewalk premium right. Value investing, the sanjay bakshi way part 1 safal. This value investor is well known for his moat investing philosophy. Outlook profit magazine in india did a good profile on sanjay which can be read here. There is so much to learn from good books the best vicarious experience one can get. I was googling around to figure out his current portfolio and i came across a fact sheet for the fund at trust net offshore. Market trends to watch and ignore a motley fool analyst talks shop with sanjay bakshi, one of the best value investors of our time.
For exclusive info on hedge funds and the latest news from value investing world at only a. I am an adjunct professor at management development institute, gurgaon where i teach a popular paper on behavioral finance and business valuation bfbv. The art of value investing with sanjay bakshi, professor. And the topic that i chose for my talk revolved around one question. Value investing, the sanjay bakshi way safal niveshak. Value investing, the sanjay bakshi way part 1 july 31, 2012 65 comments i recently had the privilege of meeting one of the highly regarded professors in the field of value investing and behavioral finance, prof. Over the last twenty years, i have practiced most styles of value investing including as grahamanddodd style of investing in statistical bargains, risk arbitrage, activist investing, bankruptcy workouts, and warren buffett trades, portfolio style of investing in moats. For me, this is incredibly useful because i get a lot of my. Safal niveshak successful investor was founded by vishal khandelwal, who is a friend on facebook.
Sanjay has been in the field of value investing for about 22 years and is a big fan of behavioral finance. Sep 16, 2008 value investing world is a blog dedicated to promoting the multidisciplinary approach to investing and development of as charlie munger describes it a latticework of mental models. It is defined as a market in which money is provided for periods longer than a. Interview with professor sanjay bakshi the investors. Sanjay bakshis tips on how to exploit market prejudices to. Although the book went out of print in the 1970s, there are rumours of a reissue in 2014. Patience, idea of value traps, paying up for quality. Get the entire 10part series on walter schloss in pdf.