Thank you, 2021 (#052)
“If someone had to write a biography on your life, 2021 was the year when you went from 0 to 1.” said a friend who works with one of the biggest fund houses in this country. “It’s been three weeks...
HDFC AMC – A play on India’s flourishing financialization
If you’ve been following the news lately, Bajaj Finserv and Zerodha have recently got in-principle approval by SEBI to set up their AMC’s to launch mutual funds. So what does a mutual fund do? How does an AMC work? Alongside...
A super thread on 22 Indian listed companies
Here’s a mega thread on what we like and what we see as the key risks for 22 Indian listed companies in India. Feel free to let me know what your thoughts are! Wish to get instant access to all...
Why is everyone going crazy about Budget 2021?
In case you’re thinking I will try to sound smart by throwing 45 different numbers here and there, don’t worry. Is this the best Budget we have ever seen? Let’s get back to reality. Ever since I got into the...
Is there ‘Real Option Value’ in ITC Limited?
If I had a dollar for every time someone told me to write a post about ITC Limited, I would probably be in the same league today as Musk, Bezos and Buffett. Interestingly, a month back I came across a...
Is Value Investing Dead?
‘Our Recent Performance Sucks.’ Here’s Your $10 Billion Back. This was recently quoted as a headline to a WSJ article citing the closure of AJO Partners, a boutique value-investing firm founded by Ted Aronson which once had USD 30 bn...
Competition is For Losers
What? Wasn’t Competition supposed to enhance value? Money is made where the money is present. Competition creates value for the customer. We have all heard of these quotes, right? But what if someone said ‘ Competition is for Losers.’ What...
Should I subscribe to an IPO?
With the recent euphoria that has brought a lot of first – time investors to the stock markets – both in India and abroad, there has been a growing trend of another event. IPO. What’s IPO? For the uninitiated, IPO...
Chamath Palihapitiya on Investing 101
I wrote about CP a while back here. I couldn’t resist when he put out a simplistic thread putting Investing 101 to great perspective tonight. Here’s the thread. I thought I would summarize it but this is best read as...
Where does Reliance Industries go from here?
If you’re wondering that RIL is entering into a tie-up with Tesla and soon launching us to space looking at the featured image of today’s post, My guess is as good as yours. Almost three months back I got the...