Moneylife Events
Finding Stocks that are backed by right management
Dr Vijay Malik, a popular writer on stocks, shares his insights on assessing management quality in a Moneylife Smart Savers seminar
 
Moneylife SmartSavers organised a session 'How to Assess the Management Quality before Buying Stocks'. Dr Vijay Malik, (whom Prof Sanjay Bakshi calls 'Dr Stock' because he is a qualified physician who can check the health of stocks) gave his valuable insights on assessing management quality. Dr Vijay Malik, a rigorous stock picker, who spoke in public for the first time, enlightened the audience with his methods at this session conducted at Walchand Hirachand Hall, Churchgate, Mumbai. 
 
Assessing management quality is one of the critical decisions while buying a stock. It assumes great significance for retail investors as they have extremely limited influence on the company's management. Retail investors are compelled to accept whatever decisions are taken by the management. Despite the fact that evaluating management quality is important, this aspect is frequently overlooked by the investors. Given these reasons, a session on assessing management quality was warranted. 
 
The session started with Debashis Basu, director of Moneylife Smart Savers, giving a quick overview sharing several examples on how management quality cannot be decided by simply judging news and events with a short-term impact. Dr Vijay Malik with a unique combination – MBA, MBBS, stockpicker and biker – delineated different aspects of management quality. With real-life case studies, he explained how profits/cash flows of a company could be diverted to the promoters and related parties, defrauding other shareholders of their rightful share of profits. He delineated different aspects of management quality, carefully enlightening the engrossed audience on how to distinguish between good and bad managements. 
 
He explained how a simple Google search could highlight management quality issues. Highlighting the importance of reading Annual Reports, he said, “If certain information that is required for taking investment decisions is not present in the Annual Report, it raises questions relating to the intent of the management.” 
 

He repeatedly emphasised throughout the presentation ' In management assessment, run at the first sign of trouble.'
 
Remarking 'Equity investing is a faith in management', Dr Vijay Malik summed up the different aspects of management quality. 
 
The session ended with a Q & A answer session between Dr Malik, Mr Basu and the audience moderated by Sucheta Dalal, director of Moneylife Smart Savers.
 
Dr Malik patiently answered questions concerning pledging of shares, warrants, promoter holding and contingent liabilities. Emphasising the importance of reading Annual Reports, he remarked lightly, 'Have a big cup of coffee when you read an Annual Report!’ 
 

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COMMENTS

Sameer Wakude

7 months ago

Hi, I have paid the amount and replied to your email. Can you please grant an access to the video? More details in my email.

Sameer Wakude

7 months ago

Hi,
I would love to watch this video. I see that it's a private video on youtube. Is there any way, I can watch this video. Would love to pay to get this gyan. Thanks in advance :)

Sameer Wakude

7 months ago

Hi,
I would love to watch this video. I see that it's a private video on youtube. Is there any way, I can watch this video. Would love to pay to get this gyan. Thanks in advance :)

Haresh Nagpal

7 months ago

I am interested in paid video/webcast of this session .

sanjay

8 months ago

Can I have video of the session?

sanjay

8 months ago

Can I have video of the session?

Prasanna Sampath

8 months ago

Can you please do a paid live webcast such events so that we do not need to travel ?

Darshan Parikh

8 months ago

Can you make a video available of this event?

Ashish M

8 months ago

Would love to attend such events but can't fly to Mumbai for each event.

Please do share video of this event and other such events. We are ready to pay.

Ravi Kumar

8 months ago

Sir,

please share the video of the above event

Schools must close by 12 pm in Lucknow in UP

Managements of all schools will have to adhere to the new timing from Monday

 

In view of the fast rising summer temperatures, all schools in Lucknow district of Uttar Pradesh must start earlier at 7 a.m. and close latest by 12 noon, the authorities said on Saturday.
 
Managements of all schools will have to adhere to the new timing from Monday.
 
District Magistrate Raj Shekhar told IANS that the classes from nursery to sixth will have to be conducted from 7 a.m. to 11 a.m. and the classes above the sixth from 7 a.m. to 12 noon.
 
He said the order has been issued in view of the rising heat and forecast of harsher summer. 
 
"Schools have also been asked to take measures to keep temperatures under control inside the class-rooms through necessary infrastructure changes," Shekhar said. 
 
Other districts in the state are likely to follow suit, said sources.
 
The state government might also order early summer vacations which otherwise are scheduled to start in May.
 
The temperatures in many parts of Uttar Pradesh have gone above 40 degrees Celsius. Allahabad recorded 45 degrees Celsius on Friday.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Five Maharashtra priests booked for attack on woman activist

The accused five priests are -- Kedar Muneshwar, Shreesh Muneshwar, Mayur Muneshwar, Chaitanya Ashtekar and Nikhil Shanbag -- all working at the temple

 

The police charged seven people, including five priests of Shri Mahalaxmi Temple here for assaulting Bhumata Ranragini Brigade President Trupti Desai at the temple complex on April 13, an official said here on Saturday.
 
The accused five priests are -- Kedar Muneshwar, Shreesh Muneshwar, Mayur Muneshwar, Chaitanya Ashtekar and Nikhil Shanbag -- all working at the temple.
 
Besides, two local Nationalist Congress Party activists Kisan Kalyankar and Jaykumar Shinde and their unidentified supporters have also been named in the FIR lodged by Junarajwada Police Station here.
 
The incident happened on the evening of last Wednesday, April 13, when Desai and her supporters arrived at the temple attempting to enter the sanctum sanctorum where women devotees are banned.
 
"The accused and their supporters willfully and illegally attempted to stop them, pushed them around, sprayed turmeric, kumkum powder and ink on them, posing a physical threat to them," an official said.
 
The accused are also charged with attempts to prevent the police from doing their duty and roughing up the police personnel at the temple premises, a report of which has been sent to the local court.
 
Shortly after the incident, an injured Desai was shifted to a hospital and remained in ICU for over two days before being discharged on Friday.
 
Later, the temple priests denied they assaulted Desai and claimed that they were trying to reason with her on the temple traditions and dress code which she and supporters had allegedly violated.
 
On its part, the Bhumata Ranragini Brigade (BRB) said the temple priests' actions were violative of the Bombay High Court order of April 1, which ruled that under the Maharashtra Hindu Place of Worship (Entry Authorisation) Act, 1956, women could not be barred from any place of worship.
 
Following the order, on April 8, the Shani Shingnapur Temple Trust, Ahmednagar, in a historical move, threw open the temple for women devotees where they were banned since over four centuries.
 
The BRB is continuing its campaign for women's entry to the Shree Mahalaxmi Temple in Kolhapur and the Trimbakeshwar Temple in Nashik.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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