Thread by @pankajbaid17

Samir Arora to Rahul Arora - Reliance has increased the saleability of Indian Markets to a new level ! -@Samirarora
Heavy Hitting !

Recent Additions in Global folio - Hilton and Marriott
Views - Anything will look like a recovery post what has happened ! But not interested in making a portfolio of all beaten down names.

S Arora to RA - Brokerages don't get high valuations at current times because their returns are linked to the market.

Samir Arora - have sold nestle. Can't justify valuations. Life insurance is an under penetrated industry and liked by him. Hints at HDFC Life !

Samir Arora says Icici and kotak has very valuable subsidiaries #webinar #investing and HDFC has only HDB Financial.

Samir says theory of buying 20-30 stocks and constantly outperforming is today a myth. Large no of companies do very well. Instead of just top 30, top 90 also do well. Theoretically if you bought the 90th best stock you would have beaten the mkt hollow.

This is the thing I like bout him - Says - "No one knows beyond a point even about their own company". Wanted to join Mckinsey as a consultant :) Says - Fund Manager job is scalable and the best job he feels !! Sir @Iamsamirarora - You are still the same with amazing aura :)

Says this idea of going into mkt "knowing" which 20 stocks will compound to outperform mkt is factually wrong. Steve jobs invested in Disney not Apple. Bill Gates is not the largest shareholder of Microsoft.

@safiranand - Taggin you, Since you too enjoy his views !

SA says - Have done really well on Shorting markets in the last two years ! A Short is being done when you think "randomly bad" might happen. Its done when he feels market can't go up a lot here on.

SA Views - Concentrated Portfolios making money is a myth ! You just hear only from them who made money from those folios. But you never hear from them when you lost huge from those concentrated folios.

You actually don't know which companies will do well. Some times cos themselves don't know how they perform as well. For. eg. Eicher Motors
Buy companies with no nonsense of Multi-baggers !
Luck has a role as well.

Samir Arora says he is short on very high pe consumer names. Says was short on idea from 200 to 6 rs.
No holdings on IDEA currently.

Says WB supposedly owns 98 companies privately. Not sure on this. Highlights - Concentrated portfolios won't work so easily. Eliminate with portfolio filters like govt policy, interventions, unclean businesses and then pray :)

Some pent-up demand may come in travel industry. Demand might come due to frustration but will not last long. Fair point here.

Books he like
- Halo Effect
- Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

Tagging Sir's correct handle - @Iamsamirarora !