Identifying Emerging Moats : Part 1

GUEST POST   Markets has no place for eternal cynics/pessimists and an generally optimism is a good trait to have but overoptimism has killed more investors than those who have benefited. Often a balance of optimism and careful cynicism for a large amount of BS that exists, is needed to be a level headed investor. I enjoy conversing with investors who have the talent to…

Fund Management BS Meter

Fund Management is a funny business. A person who wants his money to be managed, always cries about the management fees the fund manager (PMS) is charging. The mutual fund investor cries about the fund management fees. The messiahs of small investors keep on showing how much money the fund manager will take if he gives this much return in this much period and so on.…

The Investing Lab : Bangalore Edition-11th-12th June (Pay as you want workshop)

"Part of my joy in learning is that it puts me in a position to teach" - Seneca I love teaching and the experience so far has been fabulous. It gives me an opportunity to meet some amazing people, learn from them and impart the knowledge which I have to offer . The last workshop was in 'Mumbai' and I met around 45 people with…

The Investing Lab : Mumbai Edition on 23rd and 24th April

You have heard a lot of 'Gyan' on investing. Specially, Value Investing !!! People promising to make you 'Wise' and great at investing by showing you annual reports of companies which behaves like clock-work Or they tell you that you could have become Crorepatis if you would have invested in some companies 20 years back and how they have become so. Well, here is the…

Eye of the tiger (and the cubs) : Investing – Julian Robertson way !!!

In my attempt to learn in-depth the working style of prominent investors, I explored Ralph Wanger in my first such post. His book was amazing and gave a lot of insights. This is my attempt to explore another great investor: Julian Robertson ( popularly called the 'Tiger'). I recently read a lot about him, including a book on him, "The tiger in the land of…

Wait: Don’t Read Warren Buffett Letters!!!

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 share on my website with my readers) Now, having said…

Small cap investing: The Ralph Wanger way

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 portfolio managers like myself. First, both have quite specific, often difficult-to-obtain…

Wisdom Pill – Vol 4

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 that impetus and direction which this country very badly needs.…

Wisdom Pill – Vol 3

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 days A very interesting conversation ensued after Manish Dhawan of…

Scuttlebutt with Paul Lountzis

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 for a Ship bucket where sailors would meet to discuss…