Julian Robertson

Julian Robertson : A Tiger in the Land of Bulls and Bears--Click To Buy
Julian Robertson

Born: 1933,born in Salisbury, NC.

Most Famous For:A titan of hedge fund investing, his funds today require a minimum investment of $5 million per person. He turned $8 million in 1980 into over $8 billion in the late 1990s.

Quote:"Our mandate is to find the 200 best companies in the world and invest in them, and find the 200 worst companies in the world and go short on them. If the 200 best don't do better than the 200 worst, you probably should get in another business."

Robertson founded the investment firm Tiger Management Corp. He is credited with turning $8 million in start-up capital in 1980 into over $8 billion in the late 1990s.

In 1993, his compensation and share of Tiger's mammoth gain reportedly exceeded $300 million. His current (2003) estimated net worth is over $400 million.

Because of the "irrational" technology stock craze, Robertson suffered large losses in the early 2000s. This ultimately led him to close his investment company and liquidate its $6 billion in investments - investments which had once reached a high of $26 billion.

Book: No Bull : Julian Robertson : A Tiger in the Land of Bulls and Bears.Click Below to Buy.

Julian Robertson : A Tiger in the Land of Bulls and Bears--Click To Buy
Julian Robertson

Tata Consultancy Services

TCS has announced two major international wins is the past few days.

1)UK's Pearl Group is outsourcing work, deal valued at valued at $ 840 million. Its's a 12-year contract from UK's insurance and pensions major Pearl Group to provide non-voice processing of life insurance and pension policies.It indicates Indian companies are getting closer to bagging $1 billion plus global outsourcing deals which will put them in direct competition with IT outsourcing majors like IBM, EDS, and HP.
TCS will also emerge as UK's second largest BPO in the life and pensions services space after the deal. Revenues from the contract will get reflected in TCS' consolidated balance sheet from the fourth quarter of the current financial year

2)ABN Amro, deal valued at $250 million.The Dutch financial powerhouse ABN Amro closed an mega outsourcing deal with Indian software majors Tata Consultancy Services (TCS) and Infosys Technologies Ltd. TCS will get around 200 million euros over five years, while the Infosys deal is worth over 108 million euros.
TCS, through centres in Latin America and Hungary, will manage a major part of ABN AMRO’s application support and enhancement services for its operations in the Netherlands, Brazil as well as its private client business globally.
Says S Ramadorai, CEO, TCS, "This is the first multinational global engagement that allows us to utilise our model. In addition to our engineers here in India, over 500 consultants will work from TCS’ global delivery centres in Brazil and Hungary.’’ All vendors, will provide application support.

Sensex gains 134 pts at close

India's key share market index rose over one percent Friday, reversing its three-day losing streak, as investors cheered the government's decision to liberalise foreign investments norms in the telecom sector.

Most of the telecom companies attracted a significant number of big deals. Tata Tele was on the top with 283 block deals, Bharti Tele 12 deals, MTNL 22 deals, VSNL 11 deals and ITI Ltd 3 deals.

The stock market barometer 30-share Bombay Stock Exchange sensitive index or Sensex closed at 8,068.95, representing a gain of 133.83 points or 1.69 percent over its previous session's close.

The buying sentiment remained strong all through the trading session as institutional investors rushed to pick up heavyweight stocks of new as well as old economy companies.

The sell-off on the bourses in the last few sessions had been triggered by selling by foreign institutional investors following a rise in the US interest rates.

Overseas funds have turned into net sellers in the current month by withdrawing over $300 million so far. Foreign institutional investors sold off $91 million worth of equities on a single day Oct 14.

With Yesterday's relief rally, general investors expect the market to stabilise at current level and even post further gains, as economic fundamentals are strong amid robust second quarter corporate earnings.

Michael Steinhardt

No Bull : My Life In and Out of Markets--Click To Buy

Michael Steinhardt .

Born: 1941.

Most Famous For:$1000 invested with Steinhardt when he founded his firm in 1967 would be worth $462000 today.

Quote:"In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys."

In 21 years, his fund had been average 40% net long. The range was 15-20% net short to >100% net long. The flexibility to shift market exposure provided him with an important money management tool.

Founded Steinhardt, Fine & Berkowitz. Fine left and started Charter Oak Partners. Berkowitz left and started HPB Associates.

A major advice to any layman: Recognize that this is a very competitive business, and when you decide to buy and sell, you are competing with people who have devoted much of their lives to this same endeavor. These professionals are on the opposite side of your trades and, on balance, they are going to beat you.

Book: No Bull : My Life In and Out of Markets-by Michael Steinhardt.Click Below to Buy.

No Bull : My Life In and Out of Markets--Click To Buy

Warren Buffett

The Essays of Warren Buffett--Click To Buy

Warren Buffett.

Born: Omaha, Nebraska on August 30, 1930

Most Famous For: A $10,000 investment into Berkshire Hathaway when Buffett took control in 1965 would be worth over $50 million today. By comparison, $10,000 in the S&P 500 would have grown to only $500,000.

Quote:"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."

Also known as "The Oracle of Omaha," many people consider Buffett the greatest investor ever. Even with all the success and accolades, he still lives in the house he bought for $31,500 over 40 years ago.

Buffett customarily focuses his investments in companies with good long-term growth potential. Identifying such companies is the difficult part. More value is generated by the companies he owns than his stock market investments, such as Coca-Cola, that attract more attention.

Buffett famously avoids high tech companies, not because they are inherently less desirable, but because he prefers businesses he understands.

Book: The Essays of Warren Buffett : Lessons for Corporate America.Click Below to Buy.

The Essays of Warren Buffett--Click To Buy