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Deep Gandhi Profile picture
@DeepGandhi21
Jun 7, 2019 • 3 tweets • 2 min read • Read on X
You might have heard people in the market saying "bhav bhagwan che."
The rationale behind it is if you buy a stock at ₹100 and hold it till ₹1000 you generate a return of 900%.
Now suppose you buy a stock at ₹200 and hold it till ₹1000 you generate a return of 400%.
So you lose return of 500% just by purchasing a stock at 100% higher price.
Hence, As Warren buffet has said "every good business is a good investment at a certain price and bad investment at certain price".
#stockmarket #finance #Valuation #WarrenBuffett #equity #return

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More from @DeepGandhi21

Deep Gandhi Profile picture
Oct 24, 2020
A very good session by @utpalsheth Sir and moderated by @iRadhikaGupta Ma'am. It was an hour-long session and had lots of good points. Summary of important points from the Session (🧵👇)
Utpal sir started investing after 12th grade, his father was PM at JM in the late 70s, and pioneer of the process-oriented research process. He used to have a conversation about investing with him and always found it fascinating so, after 12th exam, he joined ASK.
Story on how he met RJ:

Met him outside ASK office when he used to be a consultant for United Breweries for shareholder value creation. He overheard RJ speaking to someone about him buying a block in UB and will sell once it doubles. Utpal told him that it can be 10x.
Read 20 tweets
Deep Gandhi Profile picture
Oct 3, 2020
Read quarterly investor letter of Solidarity Investment Managers and provides good insights on when to sell or enter a stock, Why to sell positions in a staggered manner and why not to wait for a company to report dismal earnings and then sell immediately? (🧵👇)
When to Sell?
4 situations – When made a mistake or when facts and/or thesis changes, due to risk mgmt reasons, when target price reaches in case of special situations. But the most difficult is to sell those companies which have good growth opp. but trading at euphoric valuation
We hear lot of FMs talking about selling early as most common mistake among all, but we need to keep in mind survivorship bias which might be into play here and so to determine if one is following a good process – one should focus on PF returns and not individual stock return.
Read 16 tweets
Deep Gandhi Profile picture
Sep 23, 2020
Time for a long read on the origins and journey of a Company which became the largest MF RTA and is coming out with its IPO @Camsonline

My first attempt at writing a long thread on Twitter. (Thread 🧵👇)
1/n CAMS was founded by V Shankar, he is a graduate from the Indian Institute of Technology, acquired a Master’s degree in business administration at the Indian Institute of Management, Calcutta, and was working for the fast-moving consumer goods (FMCG) major, Ponds India Ltd.
In 1987, Ponds was taken over by Unilever. Policies changed, many were not comfortable with the transition and left. Shankar was one of the early ones, putting in his papers by end of 1987.
Read 38 tweets
Deep Gandhi Profile picture
Sep 12, 2020
Attended a webinar on Brokerage industry moderated by @varinder_bansal. Lots of insights about the industry and must-listen for those who are invested in this industry or are tracking it. Highlighting some important points from the discussion. (Thread👇)
The biggest enabler of Discount Broking success in the Indian market was online onboarding of account which previously was a cumbersome process and that was protecting traditional brokers and was moat for those who had more branches.
But this got disrupted after E-KYC started, and majorly all the business growth for discount brokers happened after 2016 due to this reason.

Eg –Zerodha had 1,00,000 customers in 2016 and today have around 30-35 lakh customers.
Read 18 tweets
Deep Gandhi Profile picture
Aug 16, 2020
Thread highlighting the importance of reading revenue recognition policies (and also other important ones like depreciation and inventory policies) in the annual report (1/6)
#Polycab Ltd which is the market leader in Wires and Cables segment has a different revenue recognition policy vis-a-vis its peers, whereby they book revenues in P&L on dispatch of goods while its peers recognize revenue when the goods are delivered. (2/6) Source - Polycab FY20 Annua...
The below picture highlights the revenue recognition policy of Havells taken from their FY20 Annual Report (3/6) Havells FY20 Annual Report
Read 7 tweets
Deep Gandhi Profile picture
Jun 15, 2020
Listened to this podcast by @acquirersx with @JohnHuber72 . A great podcast covering a variety of important topics, highlighting in the below thread some key points. (Thread👇)
On the importance of Writing blogs:

Was a great compounder for him in terms that after writing for years, when he started managing public money, many people came on board due to his regular blog writing and helped him in finding like-minded investors.
And, also helps in identifying the flaws in ideas which become clear only once written somewhere.
Read 16 tweets

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