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The Path to Profit. A section where Ajit Dayal writes about his daily experiences as he travels the length and breadth of South India, meeting existing and new investors and facing their questions. Read the latest on the Path to Profit below.

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  •   A bumpy road.
    Comments(0)

     Posted by Ajit Dayal on Wednesday, September 16, 2009

    The journey from Mysore to Coimbatore was bumpy.

    The roads were terrible for much of the way.

    We did the first 70 kilometres in two hours.

    And then we went on better roads and down what we think are the Vindhya Hills to Coimbatore.

    There were 27 hairpin bends heading down the ghats.

    And at every hairpin bend we had to blast the horn to make sure that the buses and trucks racing up a curve at high speed to avoid a stall, would not plough into us.

    Raju was happy. In Bombay,I forbid him from honking and/or from cutting lanes.

    Here, that is the only way to survive.

                           

    But that does not mean you surrender your discipline when investing.

    No matter how tempting – or how frightening – the situation is, never lose sight of your objectives – or the risks you are willing to take and live with if the notional risk becomes a reality.

     

    The Investor Meet in Coimbatore also went on from 5.30 pm to 9.45 pm.

    Another 4 hour and fifteen minute marathon session.

    Our message has a huge impact on the audience.

    They are curious; they are bewildered at the ease of the solution: why were they not told this before?

    Why did it take the 29th mutual fund house – not owned by a large industrial group, a bank, or an insurance company – to show them the Path to Profit?

     

    I am tired now.

    I have started antibiotics – called my father, who is also my doctor, and he said I need to give my voice a break.

    Well, I enjoy this a lot.

    Will keep at it, as long as I can….

     

    And the modem is working again…so these notes will get to you.

2 Responses to
  • S Nataraj
    Updated on
    Sep 18, 2009
     

    I got an invitation call on 15th Sep 2009 tto attend a meeting withAjit Dayal at CAG Pride Coimbatore on 16th September 2009.

    I could not believe that I would be meeting the living legend since I have been a regular visitor to equitymaster.com ever since its inception and have been seeing his passport size photos in Business India when his articles were published in it.

    Could anybody explain Asset Backed Commercial Paper in such simple language as did his first articles of Honest Truth. Truly Knowledgeable people communicate only in simple language and don't use jargons.

    I did not want to be late for the meeting, even by a milli second, and reached on time.

    I sat in the first row first seat just like a kid. I wanted to listen to and see Ajit Dayal from as close as possible.

    Mr. Ajit was only late by a minute or two on account of the Mysore route. Ajit had just arrived at Coimbatore but did not want to be late. He came only a minute late but yet he apologized with a lot of sincerity. What Humility! Do you come across such humility in people of the stature of Ajit? Amazing!

    Throughout the meeting the passion, humility, honesty mixed with Ajit's quick wit,humour was thoroughly enjoyed by me each and every second.

    Was Ajit tired standing for such a long time? No, not all. He was truly enjoying every minute of it. (It was almost impossible to believe that he had traveled nearly 6/7 hours in a four wheeler just prior to the meeting and has a bit of asthma trouble). 

    People spend crores of rupees to have a dinner with Warren Buffet. Here I was, for all the 3 or 3.5 hrs getting to be with a living legend who gave to me passionately/honestly and I was the first person to hear him since I was in the first row. I did ask quite a few questions (possibly the most also).

    Be Good, Do Good----Simple words--Yet when it comes from Mr. Ajit Dayal theysound so different and summarize life.

    I sincerely thank Mr. Ajit Dayal for giving me an opportunity to be a part of his audience.

    I truly enjoyed the session, and each and every word I have mentioned here are not adjectives but are words straight from my heart.

    Thanks once again.

  • ANAND
    Updated on
    Sep 19, 2009
      I had a opportunity to attend the meeting conducted by Shri. Ajit Dayal at Coimbatore.

    I was awestruck by his extempore comments on variety of issues and admired his indepth  knowlege  and his lucid explanation on variety of things which were discussed in the forum. The humbleness, simplicity and his willingness to share his knowledge reflected the greatness in a man for whom I have a great reverence.

    I have been reading his article for quite long and have admired his ethical values, integrity and his forthright views on variety of issues, which are becoming rarities in todays life.  

    I wish he writes a book so that his thoughts could be propogated and could be emulated by the younger generation who are keen on entering the corporate world.  

    I look foward for more such opportunities and also wish that enough publicity is given in advance so that a lot people make best use of these forums as well.

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