Meet the Warren Buffett of India, Value Investor Manish Goyal
Leading stock market advisor Manish Goyal believes that value buying is like an exercise that an investor needs to do all the time
Multibagger Securities & Research Advisory - Leading Stock Market Advisor
There are plenty of ways that one can take to make wealth in the stock market. Basically, there are two types of traders in the market, some search for a well-diversified portfolio for investment, while others believe in daily evaluation in the prospects of one stock & others. This is the difference between technical analysis versus fundamental analysis. The hands-off types of investors crave for investing in proven portfolios and several traders are surfing the internet hunting for Intraday traders. On the other hand, some traders are patient and believe in evaluating stocks with different perspectives.
For the latter, Manish Goyal, co-founder of Multibagger Securities & Research Advisory, has a bit of advice: look for fundamental analysis.
The term, started by Benjamin Graham (The father of financial analysis and value investing), who revolutionized investment philosophy by introducing the concept of security analysis, fundamental analysis and value investing theories. He says, “In the short run, a market is a voting machine, but in the long run, it is a weighing machine.”
Leading stock market advisor Manish Goyal believes that value buying is like an exercise that an investor needs to do all the time. He said, creating wealth through multibagger is more than just identifying the right stock, it goes to have the wisdom & patience to hold on to it for a long period of time. Sometimes it may take 4 years to multiply 40 times, while for others it could double in just a span of a year.
Mr. Goyal said, “The quality of management is the first principle of value investing, and one should be focused on this.”
Enveloping examples from the past, he said, “An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.”
Here is the verbatim transcript of a recent interview with Manish Goyal
Q) How do you see the current market opportunity? Do you think it is a good time to go for value buying? How does one time the market?
A. Value buying is the most prudent practice a market participant should follow. Regardless of the situation of the market, you should buy quality stocks at a value that is presenting value; In other words, you should go after the stocks at a discount to their intrinsic value. This is what is called value buying. In today’s market, there has been a dramatic restructuring, reforms have been uncovered.
Q) Looking at your history of the fastest-growing stocks, this includes Chamal Lal Setia, Mold Tek Packaging, KPR Mills, Swiss Glascoat, and Haldyn Glass and Flex Foods. So, how do you identify these kind of big multibaggers?
A. There are hundreds of parameters I apply before shortlisting a company. There is not a fixed set of rules here. Every company requires different approach for due diligence.
Q) Over the past years, we have seen a lot of first-time traders making their way to the market. But these young investors are curious to make money faster. What do you have to say to these young traders?
A. I have not observed anything like this. In fact, I have seen people getting mature over time. Their questions, the kind of period they want to remain committed to the market, their capability to ease the challenging phase in the market without losing patience is something that I have observed & appreciated. So, if you come to the stock market, don’t fall in love with the blue-chip companies. Wealth is made in small-cap stocks and mid-cap stocks.
This quote would say enough, “You’ve got to be careful if you don’t know where you’re going, ’cause you might not get there. —Yogi Berra”
For More information, please visit the Website of Manish Goyal –
Topics : Indian stock market
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First Published: Aug 29 2020 | 11:49 AM IST