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balaparavi

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Everything posted by balaparavi

  1. how you buying Shinoken ? This is not listed in US Through Interactive Brokers with trading permission for Japan. I've heard it's also available through Fidelity as ADR but have not confirmed. OTCMKTS: SHIOF. This is ticker of the ADR Shares.
  2. In the year 2015, a 61 year old Indian male, Mr. Parag Parikh travelled from India to Omaha, Nebraska to attend his very first Berkshire Hathaway AGM. The trip was more than a chance to participate in the "Woodstock for capitalists." Having practiced value investing for more than 3 decades using Warren Buffett's principles, it was a pilgrimage to see the great prophet himself in the flesh and blood. He attended the AGM on Saturday. Early morning on Sunday, he was in a car bound for Eppley Airfield to catch a flight back to India when a pickup truck broadsided the car, killing him on the spot and grievously injuring his wife. Mr. Parikh was actually one of India's foremost value investors. He ran a prestigious mutual fund in India called "Parag Parikh Long Term Value Fund" and was a huge proponent of value investing. The fund was famous for having only a single, long-only scheme and most of the fund management company's employees had their money invested in the mutual fund, giving them plenty of skin in the game. Parikh returned 18 percent a year between 1996 and 2013, in a PMS (Portfolio Management Scheme, which is sort of like a hedge fund) he ran. He liquidated the PMS in 2013 to start a mutual fund instead. The problem with PMS' is that, you need to have a little over 60,000 USD (in money of the day) to invest (that's the minimum investment amount, set by India's equivalent of the SEC). That's a huge sum of money in India. In contrast, mutual funds have no such requirements. Most Indians do not venture into the equity-markets because of a fear of volatility, permanent loss of capital and financial fraud, and tend to buy gold or property, instead. The decision to swap from a PMS to a mutual fund was because he wanted to provide hardworking middle-class Indians a chance at becoming wealthy by participating in equity markets. His final rites were completed and his body was cremated in Omaha. Buffett learnt about Mr. Parikh's demise from a local newspaper and told the newspaper that he and everyone at Berkshire Hathaway felt terrible on hearing the sad news. Mr. Parikh espoused many of Buffett's principles such as shunning tech stocks, only investing in simple businesses and not being in a race to make money for investors and himself. He was also not afraid of venturing outside India if he could not find good value picks in the Indian markets and turning down all new investors during bull runs. He had no sales or marketing team and had no exit-load (i.e. investors were free to withdraw their funds whenever they wanted; no questions asked.) Here's a link to the news story: https://omaha.com/business/indian-financier-who-was-killed-in-crash-while-in-omaha/article_96669e51-3039-5457-af7c-c8bd1274190e.html?mode=jqm&fbclid=IwAR2DArTORw-K-ai2cCP-38F2YF5BoTu8Rc_RVS2wcJ0cy-NMPePIcTs9lVk
  3. Did you buy the ADR shares (SHIOF) or the ones trading in Japan?
  4. Not a book solely devoted to the insurance industry, but Pat Dorsey's book, The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market contains a chapter on how to analyze insurance companies and the key variables to look out for. Hope this helps.
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