Ronit Pereira
@CAronitpereira • 19,268 subscribers
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Remember what Warren Buffett once said: “Never ask a barber if you need a haircut.”
Ronit Pereira8,239,252 Aufrufe • vor 3 Monaten
His name is Amitabh Bachchan. In 1999, he faced severe financial crisis and near-bankruptcy at the age of 57. > His savings were completely depleted, his film career was declining, and he was burdened with immense personal debt. > The downfall began when his entertainment company, Amitabh Bachchan Corporation Limited (ABCL), collapsed after failing at film production and event management. > Because he had signed personal guarantees for the loans, he became personally liable for a debt of nearly Rs. 90 crore (~ 400 Crores today, adjusted for inflation) > His bank accounts were frozen by the authorities, legal notices piled up daily, and the Bombay High Court legally restrained him from selling his houses. > To survive the immense mental strain, he relied heavily on the practical philosophy of his father, Harivansh Rai Bachchan, who taught him that struggle is a constant part of life and that when personal plans fail, a higher force is at work. > Motivated to take action, Amitabh walked to director Yash Chopra’s house, admitted his financial situation, and requested work, which led to a supporting role in the blockbuster film- Mohabbatein. > Simultaneously, he ignored industry warnings that television would ruin his movie star status and signed on to host the game show Kaun Banega Crorepati (KBC) in 2000. > The show became a massive commercial success, allowing him to secure lucrative brand endorsements, pay back all his creditors over the next few years, and fully clear his debt. > Today, his net worth is estimated at around Rs. 1,600 crore ($180 Million). 🔥 In his own words : “Nothing in this world is achieved without pain, hard work, sweat, blood and tears.” Video src: Star World. vir sanghvi
Ronit Pereira384,099 Aufrufe • vor 11 Tagen
“After September 2001 attacks in USA, I took a debt of Rs. 50 Crores on my portfolio of Rs. 375 Crores. Normally I had 4-5% debt in portfolio.” “I had biggest bet on public sector units. Bharat electronics went from Rs. 25 to Rs. 1,600. BEML went from Rs. 20 to Rs. 1500.” “So god was extremely kind to me. I was the right person at the right time with the right attitude.” - Late Rakesh Jhunjhunwala
Ronit Pereira179,125 Aufrufe • vor 13 Tagen
Charlie Munger on investing in Real Estate in USA: "Those Patels from India who own all the Motels in USA, they live in the goddamn motel." “They pay no income taxes, don't pay much workers' compensation...and you want to compete with them?…Not I.” “Every dime they get, they fix the thing and buy another motel. I don't want to compete with them" 🥶 "So, in real estate, you got all those bullshitters and liars, so it's not a bit easy if you're starting out." "And you've got people who love real estate like Asians, Hacidic Jews, they're smart people and they know the tricks." - Charlie Munger. 2017
Ronit Pereira1,348,076 Aufrufe • vor 3 Monaten
“When I die, I’ll tell god…Let me get up at 7am, do yoga, do breakfast, lit a cigarette.” “Then I’ll go in share bazaar and do de phata phat le phata phat (Trading). Then at 4pm Utpal will come and say…see bhaiya in this company there’s dynamic change, I’ll invest some money.” “At 7pm I’ll got to Geoffrey’s and have a drink, then eat home cooked food…and then tell god to take me with him.” 😆 - Late Rakesh Jhunjhunwala. 2015.
Ronit Pereira432,394 Aufrufe • vor 1 Monat
“We invested in Gillette because of its 100 years of dominance in Razors and blades business.” “Also, every night, hair grows on billions of men’s faces and twice as many on women’s legs. But I try not to think too much about women’s legs at night.” 😂 - Warren Buffett. 2006
Ronit Pereira1,196,070 Aufrufe • vor 3 Monaten
Charlie Munger explains how Lee Kuan Yew solved Singapore’s drug problem : “He had a drug problem in Singapore and he finds the right solution in United States of America.” “He copied the military’s drug bottle. Anybody in Singapore will pee in bottle instantly on demand and if they flunk, they’d go immediately to a tough compulsory rehab.” “Away went the drug problem.”
Ronit Pereira200,619 Aufrufe • vor 24 Tagen
S. Naren explains why Indian Banks have underperformed despite available at cheap valuations : “There is so much ownership of Banks in Indian market. You go and see any mutual funds and you’ll see huge position in banks.” “So banks are valuations attractive but on ownership, there’s a challenge. And this is holding back the sector. Valuations are comfortable and outlook also looks reasonable.” sandip sabharwal also shared the similar views few days ago. Src: Groww YT
Ronit Pereira25,323 Aufrufe • vor 3 Tagen
Charlie Munger’s advice for the extremists : “Adolf Hitler was nice to his dog, his mistress and the Jewish doctor who treated his mother’s cancer.” “So, there’s something good in everybody. You don’t have to be totally mad at people because you didn’t like their politics.” “If you hate that much, it’ll blind your cognition.” (Src: Redlands Forum 2021)
Ronit Pereira133,820 Aufrufe • vor 18 Tagen
Warren Buffett on Charlie Munger’s hearing problem “I stood across the room and said - Charlie, we should buy General Motors at $35. No reaction.” “Got closer and repeated it. Not a flicker.” “Finally I shouted in his ear and Charlie replied - For the 3rd time, Yes.” 😂
Ronit Pereira867,124 Aufrufe • vor 4 Monaten
Shankar Sharma on retail investors: “Equity markets are meant for big boys and professionals, they’re not meant for Mr. Joe on the street (retail investors).” “Best you can make 10-12%, those days are also in the hindsight. Add taxes on that and you cannot even beat FD returns.” “I have never advised my relatives or friends or even my own sister to invest in equity directly and today they thank me.” 😅 - src: NDTV Profit. June 2026
Ronit Pereira584,855 Aufrufe • vor 3 Monaten
“I gave a problem to all of my 8 children, I said: “Well there’s a sport in America, and the national champion became the national champion on 2 separate occasions, 65 years apart. Name the activity.” “7 of them couldn’t remotely do it. The 8th is a PhD physicist and he did it in 15 seconds.” “He said, no 85 year old would win athletic thing, also it couldn’t be chess because he knew what a chess tournament is like.” “That led him to Checkers, a game you can almost master with experience. So almost all problems in life can be solved when you turn them around. Inversion helps.” - Charlie Munger
Ronit Pereira273,998 Aufrufe • vor 1 Monat
Mr. Parag Parikh shares the story of his salaried client who had Rs. 9 crores portfolio in 1999-2000 : The client had inherited shares of Infosys and Wipro from his father. His initial portfolio value was Rs. 60 Lakhs. Portfolio increased from Rs. 60 Lakhs > 3 Crore > 6 Crore > 9 Crores. Parag ji later came to know that Client was investing with borrowed money into stocks like Pentafour, DSQ Software. He warned the client to sell those stocks but the client didn’t. Unfortunately when the tech bubble burst, the client lost majority of his money and had to shift from Mumbai to Ahmedabad, his home town.
Ronit Pereira167,645 Aufrufe • vor 29 Tagen
Remember when Rakesh Jhunjhunwala bashed Prabhu Chawla for his remarks : ‘Poor have become poorer in India’ 😂 “Which poor person has become poor? My servant has a bank account now, he has a passport. He sends his money to his family in village.” “10 years ago, he used to spend Rs. 200 to transfer Rs. 10,000 and it took 7 days, now he transfers money in half hour. He has got mobile phone, he can speak on video call with his children.” “Earlier we used to beg from USA for wheat, today we are producing wheat in surplus.” - Rakesh Jhunjhunwala. 2021
Ronit Pereira571,964 Aufrufe • vor 3 Monaten
“When I was broker at UBS, I had an incredible difficult task of selling ideas to Samir Arora.” “I started selling him Hindustan Lever etc..and Samir listened to me for 30 seconds.” “Then he said to me - ‘Boss, number baatao ji..number baatao..paise numbers se bante hai.” 😂 “Money is made by stories and numbers. Combination of stories and numbers.” - Sanjoy Bhattacharya
Ronit Pereira222,410 Aufrufe • vor 1 Monat
In 2009, Berkshire Hathaway share was down 50% from it’s peak. Charlie Munger was asked about how he felt about this. Listen to his Cold Blooded answer 🥶 Reporter: “How worried are you by the 50% decline in the Berkshire Hathaway share?” Charlie: “Zero. This is the 3rd time that Warren and I have seen our stock holdings fall by 50% or more.” “In fact, you should react with equanimity to market price decline of 50% or more in your portfolio at-least 2-3 times a century.” “If you don’t, you’re not fit to be a common shareholder and you deserve the mediocre results you’re going to get. 🔥
Ronit Pereira587,307 Aufrufe • vor 3 Monaten