Rakesh Jhunjhunwala portfolio: Long & Short of Markets: Jhunjhunwala’s new portfolio; Vijay Kedia’s mantra for value investors

Investing as a career is to let the company’s management constantly worry about running the business while you just let yourself sit back and sip wine, says veteran value investor Vijay Kedia. He seems to correctly point at investors doing just the opposite and inviting unhappiness by adding unnecessary parameters. Read about Kedia’s simple yet successful take on investing, Rakesh Jhunjhunwala’s portfolio restructuring, Samir Arora taking shots at popular beliefs from people like Warren Buffet, and more in this week’s ‘Long & Short of Markets’.

Big Bull’s portfolio rejig
Rakesh Jhunjhunwala’s recent portfolio restructuring saw many of his wealth creators losing weightage and new scrips being added to his portfolio. Highlight of this reshuffle is the Big Bull trimming stake in his crown jewel
Titan. Jhunjhunwala and his wife went light on three stocks while adding two more to their kitty. Apart from Titan, he also went light on
VIP and
Tata Communications, while buying more of
Fortis and
MCX.

Art of investing: Less is more!
In his column, veteran value investor Vijay Kedia writes about how over analysis leads to paralysis. Asking value investors to ignore concerns related to inflation, bond yields, interest rates, US dollar and FII inflows, he says in the long run these issues do not matter. He goes on to say that he doesn’t track bond yields, neither does he understand it, nor does he cares! Here’s his full column for ETMarkets.
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Gold set for a U-turn?
Market veteran Market Mobius has turned bullish on gold. Long term investors, he says, can keep as much as 10-15% of assets in physical gold. Asking people to stay away from Bitcoin, he says it is a good idea to diversify in gold, silver, platinum and palladium. Read his full interview here where he talks more about his outlook on precious metals and real estate in India.
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Start with what not to buy!
At a recent webinar, fund manager Samir Arora of Helios Capital took shots at many popular beliefs in investing, including those from Warren Buffett. He says, the ‘invest and forget’ principle doesn’t work as long term should be a series of short terms. “Do not look for what to buy, but start with what not to buy,” he says. Here’s his full interview.
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Digital boom
Dalal Street veteran Shankar Sharma says companies are moving away from physical capex to capex on digital. This includes consumer companies too. From payments, where people are compelled to move digital to cloud services and digital media, investments in digital infrastructure has taken off. “But certain stocks have moved up far too much. US tech is a space we lightened up on several months ago. As of today, that is not necessarily the biggest buy,” he said. Here’s more.
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