“It takes character to sit with all that cash and to do nothing.I didn’t get top where I am by going after mediocre opportunities.”
“We both, Warren Buffett and I, insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.” – Charlie Munger
We had got into 10% cash, booked some profits in Mid-cap names like Adani, Rain, Reliance etc. and now we have cash and have nothing to do.
Top holdings remain same Tata Motors, Mc Donalds, Dominos, and Adlabs. Special mention to Adlabs as they are doing all right things and maybe will have fantastic results in coming quarters.
Today Divis Lab tanked 20%, Already down 50 % from top traders must be loving it. We also have an eye on it but seeing Sun Pharma getting down 50 % From the top and still not recovering we have bit reservation. But at 600 we may initiate a trading bet for some time.
So Shikhar Capital sitting on capital and doing nothing yes we have read a book
“How I Made $2,000,000 in the Stock Market Paperback – September 8, 2011
One of the best book for anyone who wants to make it big in the stock market and want to learn BOX THEORY.
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”
“No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”
So we are being patient for perfect opportunity like below