The market veteran said that well-known investors including Warren Buffett made the largest chunk of money from a concentrated portfolio of good companies though they also diversified to protect their wealth.
At the CNBC-TV18 Global Leadership Summit, Ashishkumar Chauhan, Raamdeo Agrawal, Ramesh Damani and Manish Chokhani shared their lessons with investors, and resoundingly echoed the huge potential of the India story.
Backing the right businesses is important, however, one should be careful with the price that it pays for the company, said Manish Chokhani, director of Enam Holding
Chokhani said, 'Today, these small and mid-cap companies are in a cyclical upturn where you're making 50-60% compounded returns for a year or two, and then you fall back'
Manish Chokhani said given the massive upcycle that has been underway in equities, most stocks will do well. He adviced investors to stay away from any FOMO building up and not get greedy.
To guard against any turmoil in the shares in broader market, Manish Chokhani adviced investors to avoid too much concentration in smallcaps.
This seasoned analyst is absolutely gung-ho about the conglomerate: past, present, and future. He feels that like petrochem, its investments in new energy will be transformational for the country.
In Moneycontrol’s Muhurat Roundtable, market veterans discussed why foreign investors left Indian shores and when they’ll be back
The market veteran believes investors need to think like businessmen while choosing stocks
There's no reason to doubt that India will give a 15 percent compounded return, and a $5,000 per capita at the end of a decade from today
Statement condemned allegations made by proxy advisors against Chokhani and Kurien.
Zee Entertainment has found itself in the midst of a boardroom battle days after proxy advisory firm IiAS raised a red flag on the reappointment of two directors, Manish Chokhani and Ashok Kurien, because they were members of the audit and remuneration committees. It also advised against reappointing MD and CEO Punit Goenka. Why did the company’s shares surge over 40% and what are analysts saying, let’s find out!
According to Singhvi, both Kurien and Chokhani miserably failed as fiduciaries of shareholders. Every shareholder, including the promoters, should look at wealth-creation. If someone else can create better value, then take a back seat and allow them to drive the company, he advocated
While Chokhani had cited changed circumstances and perspective post COVID, Kurien had reasoned his pre-occupation for the resignation.
Globally, markets are looking volatile. While the US dollar is expected to appreciate further, the euro is likely to slip. This volatility in currencies will have repercussions on emerging markets too, says Manish Chokhani, Director of Enam Holdings.
India will see reasonable earnings growth over the next 6-9 months and that should give the market another leg of growth, feels Akash Prakash, Fund Manager & CEO of Amansa Holdings.
Ramesh Damani sat down with Kuntal Shah, Partner of SageOne Investments, and asked him about his investment processes and how he controls emotions of greed and fear.
You might anticipate six months later that Netherland or Germany also say why the hell are we hanging out with these no hopers and we want to get out as well, says Rakesh Jhunjhunwala of RARE Enterprises
In a panel discussion on CNBC-TV18, Kiran Mazumdar Shaw, CMD of Biocon said that the Finance Minister has made right investments in farming and drafted a reasonable Budget focusing on rural prosperity.
It is in the nature of markets to get caught in cycles of greed and fear, says Manish Chokhani of Enam.
There is still need to focus on increasing the ease of doing business and single window clearances all over India. It is still difficult to put up new plants in India, said Vivek Chaand Sehgal, Chairman, Motherson Sumi Group.
Serial entrepreneur, Kashyap Deorah who has had the benefit of building businesses in both India and Silicon Valley, in his book The Golden Tap, gives an insider's view on the dynamics at play in hyper funded Indian startups.
The washout of successive Parliamentary sessions has cost the Indian market, which has entered into a consolidation phase right since the Budget session earlier this year, believes Manish Chokhani, Director with Enam Holdings.
As it prepares a new regulatory framework for startups and alternative investments, regulator Sebi on Thursday set up an 18-member panel headed by IT czar NR Narayana Murthy to advise on policy matters in this regard.
Calling Budget positive Adrian Mowat of JPMorgan said the government has clearly put emphasis on kick-starting the economy, public spending and infrastructure. On fiscal deficit figure, which has been revised to 3.9 percent from 3.6 percent, Mowat said he is not worried about it.