Kule mihla, utyalo-mali yinto wonke umntu afuna ukuyenza njengoko yenye yeendlela ezilungileyo zokudala ubutyebi.
Njengomtyali-mali, kuya kufuneka wazi ukuba imarike yemasheya yeyona ndlela ilungileyo yokufumana imali, kodwa ngokuqinisekileyo inokukubeka kubunzima bezemali ukuba awulwenzi uphando olululo lwezitokhwe otyala kuzo.
Ukuthetha ngophando lwe-stock market, abatyali-mali abaninzi bacinga ngo-Mohnish Pabrai - Umrhwebi wase-India-American, umtyalo-mali, kunye ne-philanthropist, isithixo sabo kwaye balandele indlela yakhe yokutyalomali ukuze baphumelele kuhambo lwabo lotyalo-mali lwe-stock market.
U-Mohnish Pabrai waseka i-Pabrai Investment Funds kunye noMseki kunye ne-CEO ye-Dhandho Funds.
Nangona ingelogama lasekhaya eNtshona, uMohnish Pabrai yiMidas yotyalo-mali lwaseIndiya.
Ingxelo yakhe yokubona iinkampani ezithembisayo zokukhula, ukuchonga iziphene zazo, kunye nokulinda imarike ukuba ibone amandla azo kumenze waba ngomnye wabatyali-mali abahlonitshwayo.
Ngoku masifunde izifundo zotyalo-mali kwindlela kaMohnish Pabrai yotyalo-mali.
1. Injongo kuMngcipheko ophantsi, uBuyiselo obuphezulu
Ukuba ngumtyali-mali ecaleni kweSomashishini, uMohnish wayesoloko ekholelwa ukuba ngumtyali-mali odlala kwicala elikhuselekileyo. Uthi oosomashishini balungile ekujonganeni nokungaqiniseki kwaye banobuchule kakhulu ekunciphiseni umngcipheko.
Ekubeni engusomashishini, wafunda into enye, kukunciphisa imingcipheko kuwo onke amacandelo athe watyala imali in.
Ngoko, ukusuka imakethi yesitokhwe, ukuba awukwazi ukwenza imali engakumbi, unganciphisa iingozi ezibandakanyekayo kutyalo-mali lwakho ngokudlala ngokukhuselekileyo. Nokuba yeyiphi na indlela, awufumani mvuzo mninzi, kodwa awuzukulahlekelwa. Nangona kukhuselekile ukudlala, ndingathanda ukubiza le ndlela yotyalo-mali njengendlela ekrelekrele.
UPabrai usebenzisa igama lesiGujarati "Dhandho" okuthetha iinzame ezidala ubutyebi.
Ngokukodwa ngakumbi, kumxholo wotyalo-mali, ubhekiselele kumashishini abuyiswayo aphezulu kunye nomngcipheko ophantsi. La ngamashishini apho nokuba izinto zingahambi kakuhle, usenokwenza imali.
Abatyali zimali beDhandho abazami ukuba krelekrele okanye bagqithise nabani na. bona Ngokulula ukuthenga amashishini kunye nomda wokhuseleko - bahlawula ixabiso eliphantsi ngokwaneleyo ukuba ba ayilunganga, abayi kulahlekelwa kakhulu. Ukuba zichanekile kwaye imarike ekugqibeleni iyayiqonda, kukho Okuninzi kwe phezulu.
Uthelekisa indlela yakhe yotyalo-mali kumacala amabini engqekembe ngokuthi. “Iintloko ndiyaphumelela, imisila andiphulukani nayo kakhulu.”
Le ndlela inako ziqondwe ephantsi ingozi, nangaphezulu ukungaqiniseki ngenxa nokuba abafumani nzuzo ingako kutyalo-mali, banokulindela ukufumana imingcipheko encinci.
Ngamafutshane, ukuba ngumntu woshishino, uMohnish Pabrai ukholelwa ekutyaleni imali "kwingozi ephantsi, imbuyekezo ephezulu" yamasheya kunokuba "umngcipheko ophezulu, imbuyekezo ephezulu.".
2. Utyalo-mali lumalunga nokuLinda
UMohnish uthi,
“Elona ncedo lukhulu umtyali-mali analo asiyo-IQ. Kumonde nokulinda. Ndilinde isandi esichanekileyo, kwaye silinde iminyaka emininzi ibala elifanelekileyo. "
-Mohnish Pabrai
Kwiminyaka emibini edlulileyo, i-market market ibonile isabelo se amahla-ndinyuka. Ngeli xesha, kukho ibe ngamaxesha amaninzi xa imarike iye yawa ngaphezu kwe-10 ekhulwini ngosuku olunye.
Nangona kunjalo, abatyali-zimali abanjengoMohnish Pabrai abanaxhala malunga nokuguquguquka okunjalo kwintengiso. Bayazi ukuba ukuba bathenga amasheya amahle ngexesha elifanelekileyo kwaye babambe inde ixesha, banokunika imbuyekezo engenakucingelwa.
Ukuvumela utyalo-mali lwakho lukhule ngokudibanisa kunokukwenza imali eninzi; abatyali-mali abampahla yabo ikhule ngokukhula nokuba Balibele malunga nezitokhwe abazuze kuzo okokuqala, okanye basebenzise ezo mbuyekezo ukuguqukela kwezinye. asethi.
Isizathu sokuba abatyali mali bangayifumani ngokupheleleyo ixabiso lokudibanisa Ingaba lonto yi ngalo lonke ixesha isitokhwe sikhuphuka, ingqondo yabo iqala ukudlala imidlalo kunye nabo. I impahla leyo yayiyinxalenye encinci ye portfolio ngokukhawuleza iba yinxalenye enkulu kwaye icela uloyiko okanye ukubawa kuxhomekeke ekubeni umntu uyijonga ngokwenzuzo okanye kwimbono yelahleko.
le inokubangela ukuba wenze Zonke iintlobo ze iimpazamo, njengokuthengisa emva kwe ezinkulu ukunyuka kwexabiso (kuba ingqondo yakho ithi inkulu kakhulu) okanye akunjalo ukuthengisa xa kufuneka (kuba ingqondo yakho ithi isencinci kakhulu).
“Awenzi mali xa uthenga isitokhwe. Kwaye awenzi mali xa uthengisa izitokhwe. Uyenza imali ngokulinda.”
-Mohnish Pabrai
3. Iimpazamo Ngabona titshala baBagqwesileyo
Njengabanye abatyali-mali abaphumeleleyo kwimarike yemasheya, uMohnish Pabrai ukwacebisa ukuba ufunde okuthile kwiimpazamo kwaye ungaziphindi kwixesha elizayo.
UMohnish uthi iimpazamo ngabona bafundisi-ntsapho babalaseleyo. Umntu akafundi kwimpumelelo. Kuyanqweneleka ukufunda ngokunyanisekileyo kwiintsilelo zabanye abantu, kodwa kungena ngakumbi xa ingabakho.
Ngale nto, ubonisa ukuba, ukuba ngumtyali-mali, kufuneka wamkele iimpazamo zakho nanini na xa ujongene nokuwa kwimarike yemasheya. Kuba kwimarike yemasheya, kukho amaxesha apho ulungile kwaye xa ungalunganga. Umzekelo, umgca wesitokhwe unokuhla nge-10% kwaye unyuke nge-50%, ngoko kungaphaya kokulindela kwakho.
Tnantsi into enye kuphela enokukunceda ukuba uphumelele kwimarike yemasheya, kwaye eso sisimo sakho sengqondo esilungileyo malunga nokufunda kwiimpazamo zakho.
Ke, ukuze ube ngumtyali-mali oqulethe ireyithi yokuchaneka kokuchaneka kwengeniso ephezulu, kuya kufuneka uhlalutye ukwehla kwakho kunye nokuhla kwabanye abantu kwaye ufumane izitokhwe eziphezulu zokuzuza inzuzo, ezizezinomngcipheko ophantsi, ukufumana kunene utyalomali.
Kufuneka ucinge iimpazamo zakho njengethuba lokulungisa ukwehla kwakho kwaye ufumane impumelelo kutyalo-mali lwakho olulandelayo.
4. Dlala kuzo zonke iindawo zakho zokuqonda
Kwimarike yemasheya, umdla wakho kwinkampani udlala a ezinkulu indima ekuncedeni ukuba ufumane inzuzo. Yiyo loo nto uMohnish Pabrai esithi,
“Indlela kuphela umntu kufuneka ukuthenga amasheya ukuba uyaliqonda ishishini elisisiseko. Uhlala ngaphakathi kwesangqa sobuchule. Uthenga amashishini uyawaqonda.”
-Mohnish Pabrai
Kuya kufuneka ukhethe inkampani onomdla kuyo, fumana abatyali-mali zikhoyo ukwenza inzuzo kwizitokhwe ezinjalo, landela indlela yabo yotyalo-mali, uhlalutye amanqaku apho benza khona iimpazamo, kwaye wenze intshukumo yakho elungileyo ngexesha elifanelekileyo kwaye ubhale isaga yakho yotyalo-mali.
Abatyali-zimali bangcono banokujonga inkampani kwaye bavavanye iingenelo zayo zokukhuphisana ngokuhlalutya ukuba leliphi ishishini in. le kunokuvakala ngokucacileyo, kodwa abantu abaninzi benza impazamo yokucinga ukuba ishishini kuchaziwe ngeemveliso okanye iinkonzo zayo. Babhidanisa inkampani kunye neshishini layo.
Enyanisweni, nangona kunjalo, ishishini apho inkampani ikhuphisana nayo ihlala ibaluleke kakhulu kunokuba ikhuphisana njani kwishishini.
Umzekelo, iinkampani ezenza iisekethe ezidityanisiweyo zonke zikwishishini elifanayo-semiconductors-kodwa zikhuphisana ngokwemiqathango eyahlukileyo kakhulu. Abanye bathengisa iimveliso zabo kubenzi beekhompyuter abanjengoDell; abanye bathengisela abavelisi bezinto zombane abafana noNokia; kunjalo, abanye thengisa kwiinkampani zeemoto ezifana neGeneral Motors.
Loo mahluko uthetha ukuba inkampani nganye ijongene nemingcipheko eyahlukeneyo kwaye inamathuba ahlukeneyo okukhula kunye nenzuzo.
Nangaphakathi kwishishini elinye, kunokubakho umahluko omkhulu phakathi kwethemba lenkampani nganye.
Ngoko, hlala udlala kwiindawo ufumana umdla wakho omkhulu kwaye apho ungasebenzisa ubuchule bakho bokuhlalutya.
5. Soloko usenza uludwe lwemibuzo ukuze uphande izabelo
Okwezo ngobani o entsha kutyalo-mali, kunzima ukwazi ukuba ungaqala phi ukwakha ulwazi lwakho. Eyona ndawo ilungileyo yokuqalisa ayikho ngezitokhwe, kodwa ngamashishini. Kwaye indlela engcono yokufunda malunga shishini ngokubuza imibuzo.
enza uluhlu lwemibuzo kwaye uyisebenzise ngalo lonke ixesha ucinga ngokuthenga isitokhwe kwinkampani. Kuya kukunceda uphephe iimpazamo ezininzi kwaye ugxininise kwizinto ezibalulekileyo.
UMohnish Pabrai, kwincwadi yakhe – 'uMtyali-mali waseDhandho' udwelise uluhlu lwemibuzo ofanele ukuyisebenzise ukuphanda ngesitokhwe onomdla ekusithengeni.
- Ngaba olu didi lwesitokhwe luza phantsi kwendawo yakho yomdla kunye nobuchule?
- Lithini ixabiso langaphakathi leshishini ngoku? Ngaba unokutyala imali kuyo ngokuzithemba okuphezulu? Yintoni umlinganiselo wayo wokuguqula kwixesha elizayo?
- Abalawuli bayichitha njani inkunzi yezabelo?
- Ngaba uziva unethemba lokutyala imali yakho ephezulu kwesi sitokhwe?
- Ngaba esi sitokhwe sinomngcipheko omncinci? Ukuba kunjalo, ingakanani i-downside eyenzayo qulathe?
- Ngaba eli shishini lineengcambu ezinzulu?
- Mangaphi amanqanaba okunyaniseka elibanga eli shishini?
Ke, ngaphambi kokuba utyale imali kuyo nayiphi na isitokhwe, phendula yonke le mibuzo kwaye ukhulise ukuzithemba kwakho ekuthengeni isitokhwe kwaye ulinde ixesha elifanelekileyo lokuyithengisa kwaye ufumane inzuzo njengoko kucingelwa.
6. Tyala imali kwiShishini elilula kodwa elisebenzayo
UMohnish ebesoloko ecebisa ngokufumana ishishini ekulula ukuliqonda kwaye liqhuba ngempumelelo ngelahleko encinci ukuqinisekisa ukuba ufumana imbuyekezo engcono kutyalo-mali lwakho, nokuba kufuneka ulinde ixesha elide.
Akufanelekanga gxila ekuqikeleleni ukuba yeyiphi inkampani uza ku ibe “yiAmazon elandelayo"U kodwa endaweni yoko kutyalomali kumashishini anokukhula ngaphandle kokufuna izinto ezingaqhelekanga ukuba zenzeke.
U-Einstein wawaqonda amandla okwenza lula, kwaye yayisisitshixo kwimpumelelo yakhe kwifiziksi. Waphawula ukuba amanqanaba amahlanu anyukayo engqondo be, “Bukrelekrele, bukrelekrele, bukrelekrele, bukrelekrele, bulula.” KuEinstein, ukwenza izinto ngokulula yayilelona nqanaba liphakamileyo lobukrelekrele.”
-Mohnish Pabrai
Uphenjelelwe nguWarren Buffett, uMohnish uthi xa ucinga ngotyalo-mali, kufuneka ufumane into eqhelekileyo neqhelekileyo kodwa into efunwa ngumntu wonke. Ngokomzekelo, iCoca-Cola kunye neGillette. Ezi nkampani bezikho amashumi eminyaka kwaye into abayithengisayo ayifani okanye intsha, kodwa yinto ethengwayo kwaye ayisebenzise yonke imihla.
Kwelinye icala, abantu baba nemincili kakhulu malunga neemveliso ezintsha kunye entsha iinkampani zobuchwepheshe ezifana Facebook okanye Instagram. Kwaye ngamanye amaxesha ezi nkampani zinokubakho kulungile utyalo-mali. Kodwa uMohnish uthi ukuba u kufuneka silumke kuba zikwalutyalo-mali oluyingozi.
Ngapha koko, akukho mntu waziyo ukuba baya kuphumelela kwixesha elide. Uthi xa ucinga ngokutyala imali yakho, qiniseka ukuba uzithathela ingqalelo zombini iindidi zamathuba: amashishini akruqulayo kodwa azinzileyo. njengo Iinkampani ezikhula ngokukhawuleza ezinemveliso kunye neenkonzo ezinomdla.
7. Funda ukufumana Amathuba kwiNgxaki yeMarike:
UMohnish Pabrai ukhankanyile kwincwadi yakhe ethi Mosaic-Perspectives on Investing ukuba:
“Iingozi zentengiso kunye neentlekele zemali lixesha lokuzibopha kwaye uye kulo sebenza "
– Mohnish Pabrai
Ithuba liza xa ixabiso lesitokhwe lihla, kodwa akukho tshintsho kwixabiso leshishini. UPabrai uthi abatyali mali akufuneki boyike okanye baphulukane nokuzithemba ngexesha lobunzima.
Umtyali-mali wexabiso uMohnish uthi abatyali-mali bamasheya kufuneka bafunde ukufumana amathuba kwingxaki yemarike. Uninzi lwamathamsanqa zenziwe in iingxaki. Lixesha apho kungekho mntu ufuna ukwenza nto. Kodwa ukuba unemali, unokwenza intywenka yemali ngokuthenga izaphulelo.
Amazwi okugqibela
Utyalo-mali lwe-Stock ngumdlalo onamathuba amaninzi okuphumelela kunye neqhinga elifanelekileyo esandleni kunye neziphene zokuphulukana nomdlalo ngokungabikho kophando. Ke, bhekisa kwezi zifundo zibalaseleyo zotyalo-mali ezinikwe nguMohnish Pabrai; funda, uziqhelise, kwaye wonwabele isidlo sakho.
Ngaba unemibuzo enxulumene nale bhlog?
Nceda ungalibazisi ukuphawula!
Utyalo-mali olonwabileyo!
Shiya iMpendulo