Saurabh Mukherjea on dealing with flak and criticism, and avoiding echo chambers 

Ven is talking of Mutual Funds while Lokesh is talking of PMS . MFs declare their holding as per SEBI. Ven has taken average best & worst of MF and compare them with Marcellus. Apple with Oranges . Median would be more apt than averages.

He is a glib Liar

@@sbaskaran7638 The median return of 168 funds is 18%. The median return of funds that operate only in large caps is also 16.4% which is still better than Marcellus. Furthermore, it is not about comparison. It is that Saurabhji is claiming that they are in the top 10% of funds which is clearly not the case. They are in fact in the bottom 30%. If you check PMS returns over long terms, you will realize that they are also in line with mutual fund returns or 1 to 2% extra CAGR over the long term. However, because point-to-point returns are not available in the case of PMSs, I have compared mutual funds.

@@Lokesh_C-dl3gt If someone publishes their portfolio that does not guarantee that their investment philosophy is sound. As far as transparency is concerned, mutual funds also share their total portfolio. Furthermore, many PMSs also disclose their top 3 to 5 holdings. So, it is not the case that only Marcellus is transparent. Warren Buffett also did not disclose most of his investments in his partnership days, but that does not mean that he did not know how to invest. Buying overvalued stocks is actually an enemy of the word defensive. Sure, CCP stocks will never go to zero. They are exceptional companies with exceptional management. But still, if you pay a very high price, it might be a case where your return for many years could be lower than bank deposits and if that happens, will you still call it defensive? A fixed deposit of 8% would have provided a 47% return in 5 years which is very similar to Kotak Bank's share return of 45% (pre-dividend) and Page Industries' share return of 24% (pre-dividend). Buying at any price is not a defensive philosophy. Marcellus CCP is never keeping high cash with them and they always deploy cash in these 14-15 stocks because they naively believe that these well-known businesses are always available cheap (Which means the rest of the market participants including seasoned fund managers are blind and stupid enough that they cannot see these opportunities).

@@sbaskaran7638 Marcellus CCP is in the bottom 10% if we compare the last 3 years' PMS returns. Their rank would be 116th out of 127. Anyone can check the same on P M S A I F.

RIP

What i read in this response is hope driven by lethargy. Likelihood is that both will give in over a period of time. If you don't have any specific relationship with Mukherjee, better that they give in now...........will save you a lot of money

Invest some portion of your investment in any nifty 50 etf. And then compare result. His pms has done quite bad since inception, yet to beat index.

Yes bold questions

You can't use that metaphor for a woman

​@@swaditi1 😂😂😂😂

she doesnt have balls, dont insult her

I agree. Good one Larissa.

Thanks for sharing your views. Larissa.

Hahaha

As if companies in the West all have clean management and Chor are only in India

@@mekailazh We should always buy good management companies but should not give a premium because higher ROCEs and growth are the results of high-quality management. Giving a premium for quality management over and above accounting numbers is like double counting.

​@@1902Ven longevity premium

Thanks Dinesh. larissa

Who told you they sold GMM?

Equity investments need at least a 5 year view..if one has a shorter view better to stick with fixed income.

Price is what determines return. You can buy the best run company with the most exquisite analysis but if you pay too much you will lose money. As Buffett has said what makes sense at one price is completely absurd at another.

Share verified pnl please...

​@@bloodthirstyworkslol 😂😂

​@@bloodthirstyworksKoe course bech Raha hai ya training de raha hai kon hote ho tum taka jhaki karne wale . Jake option gurus se maang jo paid training de raha hai

Good for you, RJ ji ka portfolio 21% se badha tha. Aapne to unko bhi peeche chod diya.

His books couldn't even make him a good investor. And you think you have become wise after reading Coffee Can nonsense?

​@@smeshnoymatvey2054he should write a book on marketing 😂😂😂😂😂 I suggest he should start sip with Nippon and quant to get meaningful return 😂😂😂😂

@@smeshnoymatvey2054 have you invested your money for 10 years. Because as far as I know he talks about keeping your money for long term

“The market made up new standards as it went along by accepting the current price however high as the sole measure of value, any idea of safety based on this uncritical approach was clearly illusory and replete with danger”- Benjamin Graham, Securities Analysis(1934). Looks like Graham foresaw this cock and bull argument been put forward for buying at any price.

Markets change ppl

I am wondering the same…

He is a Scion of Shyama Prasad Mukherjee and Ashutosh Mukherjee

That depends on risk appetite, some like to invest in index too, some go for small case, some go by their insight, and some with PMS and mf. But his PMS is definitely not there in top 20 googled it myself.

Exactly bro.... Old discovered done and dusted stories......

He should stop giving gyan and do fundamental research. Drawing inferences from all random observations and converting that into unnecessary insights leads to such poor fund performance

This is ridiculous!!! I remember Basant Maheshwari got into a lot of trouble with his clients, when he sold off his position in Hawkins Cooker. If I am not mistaken, Basant had a paid stock recommendation service, and his exit from Hawkins, without having informed his clients, was grossly unethical. Are you a client of Saurabh Mukherjea? Are you paying him for his recommendations? If not, he doesn't have to give you jackshit!!! He can update the public about his exit the next time he appears in the media, and that is what he did. He sold Relaxo, because he felt the story had changed post the pandemic. His original assumptions were less relevant in the changed scenario, and so he decided to walk out of the stock.

He makes money through commissions not investments. All his clients have lost money.

Rajeev Jain is the CEO of Bajaj Finance. Sanjiv Bajaj is the promoter. Rajeev Bajaj is Bajaj Auto.

C'mon bro. That's too much 😂😂

Why abuse raga??😂

@@AS-mc8sl 🤣🤣

Raga the pappu you mean

No he is like modi of stock exchange like black money jumla 15 lakh jumla 2 crore jobs jumla. Same like sayrabh mukherjea did as making investors dream for 2x returns in 3 years.