In a paper in 1984, Robert Kirby of Kirby Capital had narrated an incident involving his client’s husband who had purchased stocks recommended by Kirby at $5,000 each. He did not ever sell anything. Metaphorically, he stuffed the certificates in a coffee can. (In the 1900s, much before bank branches spread, Americans used to save their valuables and cash in a coffee can.) A decade later, these turned out to have created enormous wealth. One the holdings was Xerox which ballooned to over $800,000 in value. In describing this outcome of ‘buy and forget’, Kirby coined the term Coffee Can Portfolio. Separately, a study by Fidelity showed that there were two categories of people who made the maximum money—those who were dead and those who had forgotten about their investments.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
I am not sure if her opinion on where to invest matters.
This is India and every promoter will have some skeletons in their closets.
I recently read this book and Diamonds in the Dust by Saurabh.
Being an active investor, I can vouch for its content. Diamonds in the dust is essential reading if you invest in stocks directly in my opinion.
If for the simple reason that the good perfomers of a decade ago may be poor performers and may not even be around today.
Just because Dhirubhai did a great job in his choice of business there is no guarantee that the heirs will have a comparable vision or enthusiasm in the way they pursue their own sectors for investment.
The ones that have been held for 10 +yrs