Pritam Deuskar Wealthyvia - Practical lessons for investors
                     
1. one should trade cyclical stocks only when one 
understands the start and end of cycles. Cyclical stocks peak 
in their prices not when their earnings peak out when 
expectations of earnings peak out. 
Understand how long the cycle usually lasts. According to 
Wealthyvia  founder Pritam Deuskar When things start 
slightly positive cyclical stocks trade at high multiples of 40-
50-60 Price to earn as earnings turn negative to slightly 
positive. When earnings growth comes up , stock prices 
increase with price to earnings dropping due to eps rise. This 
is exactly opposite in cyclical stocks than non cyclical regular 
ones 
2. According to Pritam Deuskar Wealthyvia, MNC consumption and 
manufacturing companies command a premium and look as a safe 
zone when markets are in an uncertain phase. Mnc companies can 
raise capital at low rate debt in their western countries or from parent 
companies capital. Most of them have 75% promoters holding with 
hefty dividend payouts. They are usually technologically advanced. 
3. A financial mess can be deeper and trickier than a manufacturing or 
product based company's mess. In finance companies, troubles are 
unknown , leveraged and also have a ripple effect on other good 
assets. Companies in finance if in trouble have to sell good assets too 
to cover up. Profit growth may not translate to an increase of ROE. 
Price to book rerating is more difficult than analysts reports. Ability to 
raise funds in crisis is the only differentiation factor for management 
of a finance company or bank.  If you want learn about how to create 
financial plan then visit wealthyvia site or connect with Pritam 
Deuskar he will give you right advice.
4. Quality , reputation of management and quality of earnings provide 
better margin of safety than cheaper valuations. Cheaper valuations 
are for a reason. 
5.Market is smarter than all of us put together. if stock trades at 30-
40 PE , 50-60 PE there are reasons for it. predictability , longevity 
and quality with high growth commands premium and price 
anchoring. 
6. If the approach is not well defined, strategy is not rolled out 
clearly then random bets are bound to suffer. Usually such bets 
come from very popular hot stocks talk of markets, social media etc 
or they come from extra enthu networking people 
7. Stock becoming cheaper and cheaper is not a right criteria to buy 
it , single digit price is not at all a compelling reason to buy. If you 
ask me, if it has assets, not so bad earnings and it's in the 10s or 20s 
of price , how much it can fall then the answer is Zero. sentiments 
and happenings to conduct in future , perception towards them 
plays a big role in price move. 
8. turn arounds do not often turn . stocks that have fallen from a 
ratio of 5 to 1 will not change their longer term direction 
bouncing to 1.3 or 1.4 from 1. Many stocks make such rallies in 
between but are not able to sustain them when they have fallen 
from very high. Many turnaround private equities have low 
returns worldwide. 
9. no situation lasts. At one point people were picking mid caps 
and small caps , now finding large caps as holy grail. this won't 
last all the time too. Time changes so do the momentums. Ability 
to hold good stocks for long , buying them on correction , 
digesting their falls only will produce durable substantial returns. 
No stocks or portfolio in the world have been invincible . Most 
revered veteran investors had witnessed 40-50% drawdowns in 
their holding value in their stock market investment career. 
Conviction and stomach will only make sizable investment and 
returns. 
10. By simply avoiding what you don't understand , stocks 
having pledges, low margins or cyclical margins , low promoter 
holdings and investing in better roce , better visibility 
companies one can do very well passively. 
11. Change of management : particularly a new large reputed 
group coming to board with old managers gone is truly 
important and potentially rewarding change. This can truly 
change the course of business direction for a company. 
Lessons have a long way to go. Market is the best teacher. 
Want more information then visit Pritam Deuskar Wealthyvia 
site.
Thanks 
Pritam Deuskar of Wealthyvia.com