Mazuvano, kuisa mari chinhu chinodiwa nemunhu wese kuita sezvo iri imwe yenzira dzakanakisa dzekugadzira hupfumi.
Kuve investor, unofanirwa kuziva kuti musika wemasheya ndiyo nzira yakanakisa yekuwana mari, asi inogona kukuisa mudambudziko remari kana ukasaita tsvakiridzo chaiyo yemasheya auri kuisa mari mazviri.
Vachitaura nezvekutsvagisa kwemusika wemasheya, vanoisa mari zhinji vanofunga Mohnish Pabrai - MuIndia-muAmerica muzvinabhizinesi, muzvinabhizimusi, uye philanthropist, chidhori chavo uye vanotevera nzira yake yekudyara kuti vabudirire murwendo rwavo rwekudyara musika.
Mohnish Pabrai akatanga iyo Pabrai Investment Funds uye Muvambi & CEO weDhandho Funds.
Kunyangwe risiri zita repamba kuMadokero, Mohnish Pabrai ndiye Midas wekuIndia kudyara.
Rekodhi yake yekuona makambani ekukura anovimbisa, kuratidza kukanganisa kwavo, uye kumirira kuti musika utarise kugona kwavo kwamuita mumwe wevanoisa mari anoremekedzwa.
Ngatidzidzei zvino zvidzidzo zvekudyara kubva kuMohnish Pabrai's investing approach.
1. Chinangwa Chekuderera Kwengozi, Kudzoka Kwepamusoro
Kuve investor padivi peMuzvinabhizinesi, Mohnish aigara achitenda kuve investor ari kutamba padivi rakachengeteka. Anoti vanamuzvinabhizinesi vane hunyanzvi pakubata nekusagadzikana uye vanokwanisawo kuderedza njodzi.
Kuve muzvinabhizimusi, akadzidza chinhu chimwe, kudzikisa njodzi kubva kune ese chikamu chaakaisa mari in.
Saka, kubva pamusika wemari, kana iwe usingakwanise kuita mari yakawanda, unogona kudzikisa njodzi dzinobatanidzwa mukudyara kwako nekutamba zvakachengeteka. Chero nzira, hausi kuwana yakawanda, asi kwete kana kurasikirwa. Kunyangwe zvakachengeteka kutamba, ndinoda kudaidza iyi nzira yekudyara yakangwara.
Pabrai anoshandisa izwi reGujarati "Dhandho" zvinoreva kuedza kuumba pfuma.
Kunyanya zvakanyanya, mumamiriro ekudyara, ari kutaura nezvemabhizimusi ekudzoka kwepamusoro ane njodzi yakaderera. Aya ndiwo mabhizinesi apo kunyangwe zvinhu zvikatadza, iwe unogona kuita mari.
Dhandho investimendi havaedze kuve vakangwara kana kupfuudza chero ani zvake. ivo Zvinongoreva kutenga mabhizimisi ane margin yekuchengeteka - vanobhadhara mutengo wakaderera wakakwana kuti kana ivo vari zvakaipa, havazorasikirwi zvakanyanya. Kana ivo vakarurama uye musika unozozviziva, pane zvakawanda zve upsides.
Anofananidza nzira yake yekudyara nemativi maviri emari nokutaura. “Misoro ndinohwina, miswe handirasikirwe zvakanyanya.”
Iyi nzira inogona kunzwisiswa zvakaderera njodzi, uye yakakwirira kusava nechokwadi nokuti kunyangwe vakasawana purofiti yakawanda kubva mukudyara, vanogona kutarisira kuwana njodzi shoma.
Muchidimbu, kuve munhu webhizinesi, Mohnish Pabrai anotenda mukudyara mu "yakaderera-ngozi, yakakwira kudzoka" masheya pane "yakanyanya-njodzi, yakakwirira kudzoka.".
2. Investment is All About Waiting
Mohnish anoti,
"Mukana wakakura wekukosha kune mutengi hausi IQ. Kushivirira nekumirira. Kumirira nhandare chaiyo, uye kumirira kwemakore akawanda kukwidza kwakaringana. "
-Mohnish Pabrai
Mumakumi maviri emakore apfuura, musika wemasheya wakaona mugove we ups and downs. Panguva iyi, pane dzave nguva zhinji apo musika wakadonha neinopfuura gumi muzana muzuva rimwe.
Nekudaro, vanoisa mari vakaita saMohnish Pabrai havasi kunetsekana nekusagadzikana kwakadaro mumusika. Vanoziva kuti kana vakatenga masheya akanaka panguva chaiyo uye voabata refu nguva, vanogona kupa zvisingafungidzirwe kudzoka.
Kurega mari yako ichikura kuburikidza nekubatanidza kunogona kukuita iwe mari yakawanda; vatengesi vane midziyo yakakura zvakanyanya kana kukanganwa nezvemasheya mavakawana mavakawana ekutanga, kana kuti vakashandisa kudzoka ikoko kusiyanisa mune mamwe assets.
Chikonzero nei investimendi vasingatore azere kukosha kwekubatanidza ndizvo izvozvo pese apo stock inokwira, pfungwa dzavo dzinotanga kutamba mitambo navo. The unganidza icho chaive chikamu chidiki che Portfolio pakarepo chinova chikamu chikuru uye chinodaidza kutya kana makaro zvichienderana nekuti munhu ari kuzvitarisa kubva pakuwana kana kurasikirwa maonero.
ichi inogona kuita kuti uite marudzi ese e kukanganisa, sekutengesa mushure me a guru kukwira mumutengo (nokuti pfungwa dzako dzinoti yakakura kwazvo) kana kwete kutengwa paunofanira (nokuti pfungwa dzako dzinoti ichiri diki).
“Hauite mari kana uchitenga masheya. Uye hauite mari kana uchitengesa masheya. Unoita mari nekumirira."
-Mohnish Pabrai
3. Zvikanganiso ndizvo Vadzidzisi Vakanakisisa
Kufanana nevamwe vanobudirira pamusika wemari, Mohnish Pabrai anokurudzirawo kudzidza chimwe chinhu kubva mukukanganisa uye kusazvidzokorora nguva inotevera.
Mohnish anoti kukanganisa vadzidzisi vakanyanya. Munhu haadzidzi kubva pakubudirira. Zvinodikanwa kuti udzidze zvine hungwaru kubva mukukundikana kwevamwe vanhu, asi zvinonyanya kunyura mukati kana ivo vari vako.
Kuburikidza neizvi, anonongedza kuti, kuve investor, unofanirwa kubvuma kukanganisa kwako pese paunotarisana nekudonha mumusika wemasheya. Nekuti mumusika wemasheya, pane dzimwe nguva dzaunenge wakarurama uye paunenge uchikanganisa. Semuenzaniso, stock line inogona kuenda 10% pasi uye kunyange 50% kumusoro, saka zviri zvechokwadi kupfuura zvaunotarisira.
Thechino chinhu chimwe chete chinogona kukubatsira kuti ubudirire mumusika wemasheya, uye ndiwo mafungiro ako akanaka pakudzidza kubva mukukanganisa kwako.
Saka, kuti uve investor ane yakakwira purofiti inowana kurongeka kwechiyero, iwe unofanirwa kuongorora kudonha kwako uye kuderera kwevamwe vanhu uye nekuwana masheya epamusoro anowana purofiti, ayo ari iwo ane njodzi dzakaderera, kuti uwane yako. rudyi investments.
Unofanira kufunga kukanganisa kwako semukana wekugadzirisa zvawakanganisa uye kuwana budiriro mukudyara kwako kunotevera.
4. Tamba munzvimbo dzese dzekunzwisisa kwako
Mumusika wemasheya, kufarira kwako kambani kunotamba a zvikuru basa rekukubatsira kuwana purofiti. Ndosaka Mohnish Pabrai achiti,
"Nzira chete mumwe anofanira tenga masheya kana iwe uchinzwisisa bhizinesi riri pasi. Iwe gara mukati medenderedzwa rekugona. Unotenga mabhizinesi unonzwisisa."
-Mohnish Pabrai
Iwe unofanirwa kusarudza kambani yaunonyanya kufarira, tsvaga vanoisa mari izvo zviri kuita purofiti kubva mumasheya akadai, tevera nzira yavo yekudyara, ongorora mapoinzi pavanenge vakanganisa, uye ita mafambiro ako akanaka panguva chaiyo uye nyora saga rako rekudyara.
Iwo akanakisa investimendi anogona kutarisa kambani uye kuongorora ayo anokwikwidza mabhenefiti nekuongorora kuti ibhizinesi ripi. in. ichi zvingaita sezviri pachena, asi vanhu vazhinji vanoita chikanganiso chekufunga kuti bhizinesi zvinotsanangurwa nezvigadzirwa zvayo kana masevhisi. Vanovhiringa femu neindasitiri yayo.
Mukuita, zvisinei, indasitiri iyo kambani inokwikwidza kazhinji haina kukosha pane kuti inokwikwidza sei mukati meindasitiri.
Semuenzaniso, makambani anogadzira maseketi akasanganiswa ese ari muindasitiri imwechete-semiconductors-asi anokwikwidza pamatemu akasiyana. Vamwe vanotengesa zvinhu zvavo kuvagadziri vemakombuta vakadai saDell; vamwe vanotengesa kuvagadziri vemagetsi akadai saNokia; zvakadaro, vamwe tengesa kumakambani emotokari akadai seGeneral Motors.
Misiyano iyoyo inoreva kuti kambani yega yega inotarisana nenjodzi dzakasiyana uye ine tarisiro dzakasiyana dzekukura uye kuita pundutso.
Kunyangwe mukati meindasitiri imwe chete, panogona kuve nekusiyana kukuru pakati petarisiro yemakambani ega.
Saka, gara uchitamba munzvimbo iwe unowana yako yakanyanya kufarira mukati uye maunogona kushandisa yako yekuongorora hunyanzvi.
5. Gara Uchiita Rondedzero Yemibvunzo Kuongorora Mastock
Kune avo ndivanaani zvitsva pakudyara, zvakaoma kuziva pekutangira kuvaka ruzivo rwako. Nzvimbo yakanaka yekutanga haisi yemastock, asi nemabhizinesi. Uye nzira yakanaka yekudzidza nezvazvo mabhizinesi nekubvunza mibvunzo.
Ita rondedzero yemibvunzo uye uishandise pese paunofunga kutenga stock mukambani. Zvichakubatsira kudzivisa kukanganisa kwakawanda uye kutarisa pane zvakakosha.
Mohnish Pabrai, mubhuku rake - 'The Dhandho Investor' akanyora seti yemibvunzo yaunofanirwa kushandisa kuongorora masheya auri kufarira kutenga.
- Ichi chikamu chemasheya chiri kuuya pasi penzvimbo yako yekufarira uye kugona?
- Chii chinonzi intrinsic value yebhizinesi parizvino? Unogona kuisa mari mairi nechivimbo chepamusoro? Chii chinonzi diversion ratio mune ramangwana riri kuuya?
- manejimendi anoshandisa sei shareholder capital?
- Iwe unonzwa uine chivimbo chekudyara yako yakanyanya mari mune ino stock?
- Chitoro ichi chine njodzi shoma here? Kana hongu, ingani downside inozviita Contain?
- Bhizinesi iri rine midzi yakadzika here?
- Bhizinesi iri rinoti madanho mangani ekutendeseka?
Saka, usati wadyara mune chero stock, pindura yese iyi mibvunzo uye uwedzere kusatya kwako kutenga iyo stock uye kumirira nguva chaiyo yekuitengesa uye kuwana purofiti sezvaunofungidzirwa.
6. Isa mari muBhizinesi Rakareruka asi Rinoshanda
Mohnish agara achiraira kutsvaga bhizinesi riri nyore kunzwisisa uye riri kushanda zvinobudirira nekurasikirwa kushoma kuti uve nechokwadi chekuwana kudzoka kurinani pakudyara kwako, kunyangwe uchifanira kumirira kwenguva refu.
Haufanire tarisa pakufanotaura kuti ndeipi kambani ari kuenda ku kuva "Amazon inotevera" asi panzvimbo pekudyara mumabhizinesi anogona kukura asingade kuti zvinoshamisa kunze zviitike.
"Einstein akazivawo simba rekureruka, uye raive kiyi yekubudirira kwake mufizikisi. Akataura kuti nhanho shanu dzinokwira dzenjere vaiva, "Akangwara, Akangwara, Akangwara, Akangwara, Akapusa." Kuna Einstein, kuve nyore kwaingova kwepamusoro-soro kwenjere.
-Mohnish Pabrai
Kufurirwa naWarren Buffett, Mohnish anoti kana iwe uchifunga nezvekudyara, unofanirwa kuwana chimwe chinhu chemazuva ese uye chakajairwa asi chimwe chinhu chinodiwa nemunhu wese. Somuenzaniso, Coca-Cola uye Gillette. Makambani aya ave aripo kwemakumi emakore uye zvavanotengesa hazvisi zvemafashoni kana zvitsva, asi chinhu chinotengwa nemunhu wese uye kushandisa zuva nezuva.
Kune rimwe divi, vanhu vanonakidzwa zvakanyanya nezvigadzirwa zvitsva uye itsva tekinoroji makambani akaita seFacebook kana Instagram. Uye dzimwe nguva makambani aya anogona kuva kugona Investments. Asi Mohnish anoti ndiwe vanoda kungwarira nekuti ivo zvakare vane njodzi mari.
Mushure mezvose, hapana anoziva kana vachizobudirira munguva refu. Anoti kana iwe uchifunga nezvekudyara mari yako, iva nechokwadi chekutarisa ese ari maviri marudzi emikana: mabhizinesi anofinha asi akagadzikana. naizvozvowo makambani ari kukurumidza kukura ane zvigadzirwa uye masevhisi anofadza.
7. Dzidza Kuwana Mikana Mumusika Dambudziko:
Mohnish Pabrai akataura mubhuku rake Mosaic - Perspectives on Investing kuti:
"Kuparara kwemusika uye matambudziko emari inguva yekuzvisunga uye kuenda shanda”
– Mohnish Pabrai
Mukana unouya kana mutengo wematengo uchidzika, asi hapana shanduko mukukosha kwebhizinesi. Pabrai anoti vanoda kudyara mari havafanire kuvhunduka kana kurasikirwa nechivimbo panguva yedambudziko.
Value investor Mohnish anoti vatengesi vezvitoro vanofanira kudzidza kuwana mikana mudambudziko remusika. Mazhinji erombo rakanaka zvakagadzirwa in crises. Inguva apo hapana anoda kuita chero chinhu. Asi kana uine mari, unogona kuita mari yakawanda nekutenga madhiresi.
Final Words
Stock investing mutambo une mikana yakawanda yekuhwina negwara rakakodzera riri muruoko uye zvikanganiso zvekurasikirwa nemutambo nekushaiwa kwekutsvaga. Saka, tarisa kune zvakataurwa pamusoro apa zvakanakisa zvidzidzo zvekudyara zvakapihwa naMohnish Pabrai; dzidza, dzidzira, uye unakidzwe nemutambo wako.
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