Ingersoll-Rand Share price return since March 2000 to Jan 2016 Is 8%, which is less than the share price returnIf you had bought Infosys at the peak of Tech bubble and held till date……[10%]

Ingersoll-Rand was trading at 14x trailing PE vs > 200 PE for Infosys in March 2000

Since March 2000, 784 companies have givenReturns greater than Infosys and 800 companiesbelow Infosys. Out of this 800, 500 companiesHave given zero to negative returns…..

Wipro has returned zero returns over the samePeriod. It was trading at more than 400 TTM PE

AT1

Slide 2

AT1 Anil Tulsiram, 1/28/2016

Companies which destroyed wealth in the last fifteen years…Focus on what to avoid…

Companies which destroyed wealth in the last fifteen years…Focus on what to avoid…

Tata communication was trading at a PE of 23x TTM in March 2000