October – December 2010 January 31, 2011 Whilst your individual returns are with you, I would like to share how we think about our performance at Jeetay. We look at a “representative” portfolio. Most of the older portfolios usually have in the past had performance numbers clinging around the numbers of the “representative” portfolio. Newer portfolios …
Letter written to clients 25th November, 2010 There has been a recent SEBI circular on disclosures relating to fees and charges. Jeetay has always appended the full working of fees in its letters. I’m glad that this level of transparency is now to be uniformly practiced in the industry. I would like to make some …
July – September 2010 October 29, 2010 Whilst your individual returns are with you, I would like to share how we think about our performance at Jeetay. 1) We look at a “representative” portfolio. Most of the older portfolios usually have performance numbers clinging around the numbers of the “representative” portfolio. Newer portfolios take time to build …
April – June 2010 July 29, 2010 Whilst your individual returns are with you, I would like to share how we think about our performance at Jeetay. We look at a “representative” portfolio. Most of the older portfolios usually have performance numbers clinging around the numbers of the “representative” portfolio. Newer portfolios take time to …
January – March 2010 April 29, 2010 Whilst your individual returns are with you, I would like to share how we think about our performance at Jeetay. We look at a “representative” portfolio. Most of the older portfolios usually have performance numbers clinging around the numbers of the “representative” portfolio. Newer portfolios take time to …
October – December 2009 January 30, 2010 “Neither a borrower nor a lender be;For loan oft loses both itself and friend,And borrowing dulls the edge of husbandry.” – William Shakespeare, Hamlet Most governments are in an unenviable position – one that no private equity investor would like to be in – fully invested with no …
July – September 2009 October 31, 2009 Dante Alighieri (1256-1321) was a Florentine statesman and poet, who wrote ‘The Divine Comedy’ – one of the finest pieces of literary work. There were three sections of journeys through ‘Inferno’ (or Hell), ‘Purgatory’ and ‘Paradise’. Being lost in the woods and seeking to find the path again, …
April – June 2009 July 29, 2009 Three months is a long time in the stock markets. The pendulum has swung from fear to greed, from pricing too much risk to pricing too little. Junk usually ends a rally, but in this case junk has led it. The misbehavior is not confined to the stock …
January – March 2009 April 22, 2009 The unprecedented fiscal and monetary stimulus may temporarily halt the economic contraction. In economics, as in life, there are no free lunches. The costs of this profligacy will be starkly manifested in the not-too-distant future. We continue to maintain our cautious stance, but believe that market weakness should …
October – December 2008 January 22, 2009 This large outperformance, relative to the Sensex, gives us no satisfaction – we are in negative return territory with the collateral damage that it does to the power of compounding. ———————————————————————————– Don Quixote: Dost thou see? A monstrous giant of infamous repute whom I intend to encounter. Sancho …
