"When somebody buys gold, or a painting, they are betting on someone else finding it more attractive in the future. That is investing in the price of an asset versus investing in the productivity of the asset. After all, what can you do with a giant cube of gold? You can stare at it, fondle it, may be sit on top of it…" – Warren Buffett at meeting with policyholders in Delhi.
If you get interested in a company and you read the annual report, you will have done more than 98% of the people on Wall Street. And if you read the footnotes in the annual report you will have done more than 100% of the people on Wall Street.
Recently the official websites of the stock exchanges have started providing the soft-copy of the annual reports for downloads. As the same has begun from this year itself, thus not all the annual reports are available on the websites, but the same is expected to be made available for most of the companies as the time elapses. At present the annual reports are available for about 30% of the companies.
1) Using BSEINDIA website: Search for the stock on Bse India >> Select Annual Reports from bottom right corner (where the snapshot of financials is given) >> Select your annual report.
2) Using NSEINDIA website: Search for the stock on Nse India >> Select Annual Reports from extreme bottom of the page >> Select your annual report.
Use Dalal-Street Screener at: http://www.screener.in
To make it easy for you we have set up a small application which searches for the annual reports both at BSE India and NSE India as well as other sources and provide the download link 🙂 . Also, the search feature on both the above sites (BSE and NSE) is too buggy; to solve the same you can search for any part of the name OR even the script code (eg. 532701 for BSE Listed Company or MANGCHEFER for NSE Listed Company) on Dalal-Street Screener.
Do share any other site if any which provides free annual reports through comments. Also please leave your feedback for Dalal-Street Screener or any queries through comments.
PS: Earlier the link for the above web-application was http://reader.dalal-street.in. The same has been moved and integrated with our Screener app to provide even better functionality.
Here we are again to share some newspaper articles and blog posts we liked specifically.
1) When – How – What of Small Cap Stocks (Economic Times):
Finding the right small cap is one of the best way to wealth creation. The reasons is simple – they are usually available at 1/3rd the valuations of large caps with better to double growth rates. Also like the hugely successful small cap fund manager Ralph Wanger says – “Chances are, things have changed enough so that whatever made you a success thirty years ago doesn’t work anymore. I think that by concentrating on smaller companies, you improve your chances of catching the next wave.”
2) Investing in stocks is the best bet to beat inflation (Business Line):
A nice comparison of the returns provided Sensex, Gold Bonds and Fixed deposits and as expected, investing in stocks proves to be the best way to beat the inflation.
For over 25 years we have been working on this concept with a continuous effort towards finding a good undervalued small/mid cap stock ideas with strong fundamentals. We share about such ideas to have healthy discussions and connect to people with the similar approach.
Online links to both the above articles are – ET article & Business Line article.
3) Alice Schroeder (author of Snowball – the authorized biography of Warren Buffett) discusses Buffett’s approach towards investment
In the video Alice Schroeder takes us to a journey using a specific case study which was not discussed in the book.
Thanks to Pradeep for sharing the above video on his wonderful blog.
Do share your favorite articles through comments.
Formal education will make you a living; self-education will make you a fortune. – Jim Rohn
DAD had been into the markets for more than past 25 years. He successfully surfed the tides when others struggled. Being a broker cum investor for more than past 25 years, he has more experience than many books might teach. Below are his “5 Trading Mantras” which you probably have never read in any book of investing.