Author: Heeramb Parrit

1. Charlie looks at everything through the lens of history. human nature does not change. The same behaviors repeat forever.
2. Problems from time to time should be expected. This is an inescapable of life.
3. Wise people do not whine about problems. They prevent them : “Wisdom is prevention.” – charlie munger
4. Great nusinesses are rare. Great people are rare too. Great people and great businesses produce fewer problems.

Your mission in life is to get into a great business (and stay there) and build relationship with great people.

Doing that will prevent the majority of problems that are under your control.

Go for great.

The Samuel Breneer chart from 1875 which fairly accurately predicted market behaviour.

Great picture which predict the dow jones future ups and downs.

Mahavir jayanti jan kalyanak is the most auspicious day for Jaines. The day is celebrated across the world by the Jain community in the memory of the last spiritual teacher of Jainism (mahavir). On this beautiful festival, a parade Carried out with idol of Lord Mahavira, and it is called the Ratha yatra. Devotees all over the world visit Jain temple, workship Lord Mahavir idol, read religious rhymes and seek the blessings for a healthy and fruitful life. They also indulge in charity work.

The birth anniversary of the Jain guru, who was name vardhamana during birth, in celebrated in March or April as per Gregorian calendar. This year Mahavir jayanti will be held on April 04 celebrations begin.

The mahavir consider as the founder of Jainism. He was born in 599 Bc, at Kshatriyakund Bihar on the 13th day of the bright half of the moon , in the month of chaitra. He was considered the last Tirthankar ( teaching god who devotes itself to dharma and preaches it to others.

Born to king Siddhartha and queen Trishla, Mahavir was named Vardhamana by his parents. He was born in Royal Family, but the royalty and luxuries did not please him. He was the constant search peace and spirituality.

In the early years of his life, Vardhamana developed a deep interest in the core beliefs of Jainism and indulged in meditation. At the age of 30, renounced the throne and his family to seek the spiritual truth. For more than 12 years he practised meticulous penance and profound austerity before attaining “Kevala Jnana” Or omniscience.

As per records, according to Mahavira to live a righteous life one should always follow these five principles – Ahimsa, Satya, Asatya, Brahamcharya and aparigraha.

A safe and convenient way to hold securities, Immediate transfer of securities no stamp duty on transfer of securities. Elimination of risks associated with physical certificates such as bad delivery, fake securities , delays. thefts etc. Reduction in paperwork involved in tansfer of securities. Reduction in transaction cost No odd lot problem, even one share can be traded , Nomination facility change in address recorded with DP gets registered with all companies in which investor holds securities electronically eliminating the need to correspond with each of them separately. Transamission of securitiesis done by DP eliminating correspondence with companies. Automatic credit into demat account of shares, asrising out of bonus/ split/ merger etc. Holding investment in equity and debt instruments in a single account.

Earlier, there used to be physical share certificates issued, which are now converted to Electronic form. A depository holds securities (like shares, debentures, bonds, mutual fund units etc.) of investors in electronic form (demat form) through a registered Depository participant (DP). It also provides services related to transactions in securities. A DP is an agent of the depository through whick it interfaces with the investor and provides depository services. It is now compulsory for every investor to open beneficial owner (BO) account to apply in IPOs/FPOs or to trade in the stock exchanges.

A stock market index captures the behaviour of the overall equity market. The ups and downs of an index reflect the changing expectations of the stock market about the future profitability of india’s corporate sector. This is achieved by giving each stock a weight prportional to its market capitalization. The most important market index is the broad market index, consisting of the large, liquid stocks of the country. In india, we have NIFTY 50 and SENSEX as the major index.

1. Don’t forget to take account of the potential risks that are involved in investment in shares.
2. Don’t undertake off-market transactions.
3. Don’t deal with unregistered intermediaries.
4. Don’t fall prey to promises of unrealistic returns or guaranteed returns.
5. Don’t invest on the basis of hearsays, rumors and tips.
6. Don’t be influenced in to buying in to fundamentally unsound companies (penny stocks) based on sudden spurts in trading volumes or “low” prices or favourable articles/ stories in the media.
7. Don’t blindly follow investment advice given on TV channels/ websites/ SMS.
8. Don’t invest under peer pressure or blindly imitate investment decisions of others who may have profited from their investment decisions.
9. Don’t get misled by companies showing approvals/ registrations from government agencies as the approvals could be for certain other purposes.
10. Don’t get carried away with advertisements about the financial performance of companies.

1. Before investing check the credentials of the company its management fundamentals and recent announcements made be them and other disclosures made. The main sources of information are the websites of the exchanges and companies, databases of data vendors, business newspapers and magazines.
2. Adopt trading/investment strategies commensurate with your risk bearing capacity as all investments carry some risk the degree of which varies according to the investment strategy adopted.
3. Transact noly through SEBI recognized stock exchanges and deal only through SEBI registered brokers/ subbrokers.
4. Give clear and unambiguous instructions to your broker/ sub broker / DP
5. Insist on a contract note for each transaction and verify details in the contract note , immediately on receipt. If in doubt crosscheck details of your trade available with the details on the exchange’s website.
6. Ensure that the broker’s name trade time and number transaction price and brokerage are shown distinctly on the contract note.
7. Issue cheques/ drafts only in the trade name of the broker.
8. Deliver the shares/depository slip in case of sale and pay the money in case of purchase within the prescribed time.
9. Ensure receipt of payment/ deliveries within 48 hours of payout.
10. Insist on periodical statement of accounts.
11. Scrutinize both the transations and the holding statements that you receive from your DP.
12. In case you are not transacting frequently use the freezing facility in your demat account.
13. In case of disputes with the sub-broker inform the main broker immediately.