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, 15 tweets, 5 min read
0/ A compilation of all (well most) #threads I have posted on #FinTwit in no particular order. I will keep adding new threads I post on this main thread and pin it to my profile. No reccos implied or otherwise. Share & discuss if you find it useful ...
1/ On investing mistakes, diligence findings and lessons ... this will be updated from time to time ...
2/ Why Indian FMCG / consumer cos seemed to me to be overvalued in Sep ‘18
3/ Investment framework, thoughts on how to keep the odds in your favour. Warning! The video is 2 hour long. The deck is available on the IIC site
4/ Why blindly chasing high ROE companies is not a good investment strategy
5/ Thinking through business models. (This is also captured in long form in an article on Morningstar - follow second link)


6/ My love-hate relationship with DCF’s and how I use them now
7/ View on gold asset allocation (Sep ‘18)
8/ What has created value and framework to play the capital goods space (June ‘19)
9/ Evaluating store based business models
10/ Why understanding millennials is important for investing decisions over the next decade
11/ Why India hasn’t realised its manufacturing potential
12/ Why I think company concalls in their current form are by and large a waste of time
13/ The HDFC Bank thread. Please note this is not a recco but an analysis on its moat and why this is a compounding machine (till date)
14/ KKR’s views on global macro (Aug ‘2019)
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Gordon
@gordonmax
Lots of optimists in this poll. It would be great if YB can get out of this mess. The key IMO would be to secure enough credible capital aka WB/GS in 2008. Both “enough” & “credible” being important /1
2/ If capital is required for provisions then the bank is already trading at a post-money valuation which means the real economic mcap is already lower by the amount required for provisions
3/ Plus additional growth capital for growth. At these or lower prices that dilution is huge! Dilutions esp below book value destroy shareholder value
Read 7 tweets
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Gordon
@gordonmax
1/ Math update: 3.5 lakh cr invested. Need 35k cr EBIT at 10%ROCE. Rs 1030 sub/pa or 85 sub/pm EBIT (34 cr subs). ARPU hasn’t changed. Investing Aramco proceeds compounds the problem. So mostly will be used for debt pay down. Tariff increase only way to go. Let’s see what happens
2/ Key question is if tariffs are raised beyond a point, will India’s price conscious user base pay more, consume less or somewhere in between? We may have anecdotal answers but the truth is that we don’t know + 10% ROCE assumed above is pre-tax and not deserving of premium valn.
3/ Irrespective, selling cash flow generating assets which funded your startup to pay down debt shows stress regardless of whatever you hear. How this plays out remains to be seen /end
Read 3 tweets
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Gordon
@gordonmax
1/ So interestingly, a third of respondents don’t like real estate as a space. Though from a business model perspective I agree with the conclusion that bldg materials (BM) is the best way to play this because —>
2/ BM has renovation demand and ‘trading-up’ demand which takes away some of the cyclicality, has the ability to build distribution which if done right adds to the “moat” and lends itself to the optionality of being asset light
3/ In contrast, Devs and financiers are by and large capital hungry. When you are capital hungry you open yourself to two risks. That of regularly raising capital and the price at which you get it. If caught in a bad cycle you could wipe out years of return
Read 8 tweets

Related threads

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Aijay
@Hejeoma
A few intelligence agencies of the world in no particular order:

#Thread
1. A. The Mossad, Israel: Short for HaMossad leModiʿin uleTafkidim Meyuḥadim, founded in December 1949. With enemies in the East, West, South & North of Israel, they are saddled with the responsibility
2. of intelligence gathering, covert operations & counterterrorism. They have been known to carry out lots of deadly operations like the 2010 international scandal where it was discovered that Mossad agents had used forged Australian passports to enter Dubai & assassinate Hamas
3. leader Mahmoud al-Mabhouh. The smokescreen was so embarassing that law enforcement were chasing real Australians, by the time they realised the people they had arrested were innocent, the Israeli agents were back home safe. Lets not forget how they have hunt & kill most
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Queen DaNile💎☀️#Patriot💎#KAG💎#MAGA💎#QAnon🌟💎
@RaeAnon
🔵BENGHAZI, The REAL STORY~Betrayed Again 9/11/

🔷Why Benghazi Went Bad

🔷Amb.Stevens went to Benghazi to secretly retrieve US Stinger Missiles that the State Dept had supplied to Ansar al Sharia in Libya WITHOUT Congressional oversight or PERMISSION

whitehatsreport.com/white-hats-rep…
🔵Benghazi 9/11

🔷HRC brokered the Libya deal through Stevens & a Private Arms Dealer named Marc Turi

🔷HRC &BHO supplied shoulder fired Stinger Missiles to Afghanistan which were used against our own military

🔷It was a set-up~against our own men
🔵Benghazi 9/11

🔷A set up by our treasonous President & Sec of State
Read 28 tweets
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Government of Nigeria
@NigeriaGov
PRESS STATEMENT

PROCESS & INDUSTRIAL DEVELOPMENT LIMITED (P&ID) V. FGN

Issued by the Solicitor General of the Federation and Permanent Secretary, Federal Ministry of Justice, Abuja.

#Thread
Please recall the dispute that led to Arbitration between Federal Government of Nigeria (FGN) and Process and Industrial Development Ltd which arose from a 20 year Gas Supply and Processing Agreement (GSPA) entered in 2010 ...
... between FGN (through the Ministry of Petroleum Resources) and P & ID in respect of an accelerated gas development project in Nigeria’s OMLs 67 & 123. P&ID never began the construction of the project facility although it alleges it incurred about $40m in preliminary expenses.
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Gwen Snyder is uncivil
@gwensnyderPHL
(thread)

Quite an experience watching the right crow about a mass shooter liking a candidate actively working to keep guns out of mass shooters' hands as if that pointed to a motive rather than a lack of any consistent or deep ideology.
Mainstream American politics very much encourages folks to think about political identity as a brand rather than an ideology, and from what I've seen of this guy's Twitter, that seems to be about his level of engagement.
We all know this guy.

A rape list, fuck the police, hail satan patches, finger-gunning down girls who reject him, lame-ass shock "pornogrind" band, played out drug memes...

We all know he'd never seen socialism or antifa in concert.

He bought the t-shirt at Hot Topic.
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Moss Robeson
@mossrobeson__
#Thread: Inspired by the CBP Facebook revelations, I decided to take a look at the OUN-B affiliated U.S. Organization for Defense of Four Freedoms of Ukraine (ODFFU) Facebook group, which includes 610 people. In no particular order, here are some profiles that stuck out to me:
Dmytro Zhmailo, spokesman/executive director of Free People, member of Youth Nationalist Congress (MNK), and senior staff for Ukrainian MP Oleh Medunytsia, who himself chaired MNK 2002-2006. Among others, Zhmailo is FB friends with CUN leader S.Bratsiun.
Pavlo Podobied, head of the Ukrainian Institute of National Remembrance's Department for the Preservation of Places of Memory, according to Newsweek, has "accused Jews of being the main perpetrators of Soviet crimes against Ukrainians in the 1920s and 1930s." (1/2)
Read 33 tweets
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Oloye Akin Alabi
@akinalabi
What Does A Mafia Boss Know About Marketing?

Lots. Read on to find out…

Do you remember in the movie “The Godfather” when Don Corleone says, “I’m gonna make him an offer he can’t refuse”?

Marketing #THREAD of life.
And it’s this simple concept that’s the backbone of any successful sales proposition you make. (However if I were you, I’d probably leave out the threats of violence in your sales piece.)
From now on, your job is to create such powerful offers that anyone reading it would say to themselves, “My goodness, I’d have to be a complete idiot not to take them up on this deal!”

And creating a powerful offer like this is easier than you think.
Read 23 tweets

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