I recently had the privilege of meeting one of the highly regarded value investors in India, Mr. Chetan Parikh in his office in Mumbai.
After publishing Part 1 and Part 2 of his interview recently, here is Part 3.
Safal Niveshak: Do you think it’s important to do historical research looking back at companies in different circumstances and understanding or trying to draw conclusions about why they succeeded or failed in a particular decade or period of an economic cycle or change in leadership? Is historical research an important part of your investment methodology or not so much?
Mr. Parikh: In trying to answer the question, I’m reminded of George Bernard Shaw’s remark that when an historian had to rely on one document he was safe, but if there were two to be considered he was in difficulty, and if three were available his position was hopeless.