Repetition of truths
Read MoreTruths need to be repeated many times so that they don’t lapse into oblivion
– José Saramago, Nobel Prize winning novelist and journalist
What do you believe in?
Read MoreThe first principle is that you should not fool yourself, and you are the easiest person to fool
– Richard Feynmann
The impending value migration
Read MoreIt was the best of times, it was the worst of times
– Charles Dickens, A Tale of Two Cities
Trump, black money and implications for stock prices
Smart money threatened a 10-15% single-day drop in the US Market if Trump was elected and a one day 100 USD/oz. upward movement in the price of Gold. Well, Trump is king, the US markets have rallied and Gold has declined.
Read MoreDeveloping competitive advantage as an investor
Investing literature is rife with guru’s urging investors to buy companies with competitive advantage.
Read MoreRole of behaviour in long term investment performance
Investor behaviour is as much a determinant of long term investing success, as a fund manager’s skill in building a portfolio.
Read MoreTell me where I am going to die, so I will never go there
Tell me where I am going to die, so I will never go there
The above quote is attributed to Charlie Munger, universally acknowledged as amongst the wisest men in Investing.
Read MoreThe pain associated with being a long term investor
Our investment process emphasizes focus on “Secular and Structural” growth opportunities vs “cyclical” ones. Secular and structural implies growth irrespective of economic conditions while cyclical implies opportunities that will be affected by trends.
Read MoreThe British Referendum: is it time to load the elephant gun?
This morning, while listening to the Brexit results, I chanced upon a conversation on a business channel. The same anchor who a few months ago said it was futile to forecast, was waxing eloquent about how Brexit could be worse than the Lehman crisis and how it could affect Indian equity markets for years.
Read MoreInvestment Perspectives: Define your Guiding Principles
A prominent research house gave a bearish call on the market at the end of February. Despite the Index climbing over 16% in the past 2 months, the firm stuck to its guns.
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