Ranking Indian Sectors

Recently I have met more advisors and money managers in one place than I have ever met (call it clustering). And strangely a part of this cluster voiced lack of reverence for Warren Buffet. This was in Toronto. I was there for a conference and even a mention of Buffet evoked “I am not a fan” response. When I hear money managers saying that he did poorly on the Bank of America deal, on one side I see some criticism of what the sage is doing and on the other side I see an era of sideways market and increasing market knowledge that challenges the old thought leaders.
It’s all psychology at one level because Buffet never admitted being God. It’s the market participants who bestowed him with that status. It was also not his fault that he was 11 year old growing up in his father’s brokerage company at the end of great depression, which was incidentally also the best time in a century to buy and hold. Irrespective of Warren’s timing, there is one thing we should give him credit for. He practices what he preaches. He learnt his lessons well and understood that contrarianism works. And this is why we at Orpheus stand by him for his contrarian ability. At a certain stage contrarianism should become intuitive, especially if you have an ability to hold on to your investments for decades. Few can do this today.
At a certain stage if you can identify an extreme underperformer and have the courage to accumulate it, you don’t need anything else. Sooner or later…
Let’s take the current market for example….

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This article was written for  Business Standard.
Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings of 0 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform.
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Coverage India: CNX100 traded stocks and Indian Indices.