To remove all doubts, let me first come out and say this clearly: Yes, I am a ‘Value’ Investor. No, I don’t invest only in low PE, low PB stocks and Growth is an essential component of ‘Value’ for me and most importantly, I absolutely cherish Warren Buffett Letters (and many other Investor letters which I intend to […]
Wait: Don’t Read Warren Buffett Letters!!! Read More »
Recently I finished reading a lot of available stuff on Ralph Wanger including his book, A Zebra in Lion Country. Ralph is popular not only for his success in investing, but also for his wit and metaphors. If there are any doubts, this is how he describes Portfolio Managers: “Zebras have the same problems as institutional
Small cap investing: The Ralph Wanger way Read More »
First of all, let me congratulate all Indian reader on celebrating yet another year of freedom and independence. It’s high time this greatly diverse nation breaks some crippling factors which impediments its progress and move forward to a brighter future and I, like many others, hope that the current government at the center will give
Wisdom Pill – Vol 4 Read More »
The last month was filled with amazing roller coaster ride in markets and in my life too. Too much of travel left me with very little opportunities to write. So here is my 3rd letter for you. Hope you find it worthy of your time The articles that I found worth reading in last few
Wisdom Pill – Vol 3 Read More »
At the start of my investment career, few thoughts which made obvious sense to me were received from few amazing resources of knowledge. Besides the usual Buffett letters and Graham’s Security Analysis and many other books, a favorite of mine was ‘Common Stock and Uncommon Profits’. Philip Fisher always referred to Scuttlebutt ( Original term
Scuttlebutt with Paul Lountzis Read More »
First of all, let me thank you for an overwhelming response and feedback on the first edition of this newsletter. I was really occupied this week with a lot of talks that were planned. With the little time had, following are articles I found worth reading this week. Technology fascinates me and I always get
Wisdom Pill – Vol 2 Read More »
First of all, let me thank you for taking interest in this newsletter. My intention of this, as I mentioned earlier too, is to share good stuff that I read over the week. The topics are mostly related to Investing, Economics, Business, Psychology, Behavioral Economics and occasional topics like Wellbeing and other which I feel
Wisdom Pill – Vol 1 Read More »
Let’s assume that you own a hospital (say Hospital C). You have been doing well in your market and currently have the third largest market share, and you are thinking of installing 500 slice CT machine (because both your two major competitors (Hospital A and Hospital B have one each) and it will cost you
Sheep in Wolf’s clothing: An asset’s true character Read More »
It has been quite a while. In these 2 long years, I went from working for a fund to start my own advisory firm along with an excellent investor and most of the time has been spent understanding businesses and reading annual reports. Few years back, I thought of starting a series of articles called
Octavo Pansophy #1: James Gipson Read More »
Imagine the following scenario. You are sitting at your work desk sipping your coffee when your boss comes and offers you the following deal. He offers you a fixed bonus of Rs 1 crore for the year. Besides this, he offers you a variable bonus. For the variable bonus, he asks you to either
Human Misjudgment : Deprival Super Reaction Syndrome Read More »
