Nothing Succeeds Like Success

I tracked Media stocks in Indian for markets for whole of 2007. There were great companies like PVR, Adlabs, BAG films etc. Mostly people believe that the best stocks to buy are the ones with great stories and reasonable valuations . But over a period of time I have learned that to make relatively quick success you actually have to RIDE THE SUCCESS WAVE. Just waiting for the wave to come and take you along may take ages. Simple strategy is - Buy what is being bought. Adlabs moved three times in H2 07. When I was writing my novice-investors.blogspot.com/ blog I stated that PVR is better placed. But I was wrong. PVR could just double up and Adlabs tripled.

I analyzed three of my seniors after their post grads. One with the best school name in spite of an okayish study stream landed in a job which pays him equivalent to what the other two are earning.

I also noticed my peers who just after grad - if they landed in great jobs they moved on to even greater jobs and the ones which were not so lucky mortals actually landed up in equally bad or slightly better jobs/profiles/companies.

Look at Narendra Modi in Gujarat or Left in West Bengal. They are SIMPLY WINNING it all.

This may just be another way of stating 80-20 principle. But, it works amazingly.
Just an analogy - Success GETS COMPOUNDED LIKE INTEREST IN A BANK ACCOUNT.