Deepak Venkatesh Profile picture
Sep 15, 2020 8 tweets 3 min read Read on X
1/n A look at the oldest companies & earliest traded stocks
The 1st stock exchange was established in 1602 in Amsterdam. It was made by the Dutch East India Company, chart below
The south sea bubble of 1720 can be seen. The company lasted under 2 centuries & finally went bankrupt Image
2/n Another company traded in Amsterdam was The Dutch West India Company which also went into bankruptcy in late 1700s. In the chart below we can see both the Tulip mania & the South Sea Bubble. Image
3/n But these two companies are no match for the oldest companies which exist till today. They could have merged. Some are listed via the new parent too. The types are:
4/n Mints: The Royal Mint (pic) has existed since 886 and the Mint in Paris since 864. Image
5/n The oldest company in North America is the Mexican Mint La Casa de Moneda de estd 1534. So is the oldest one in South America Casa Nacional de Moneda of Peru 1565

Mexican Mint: gob.mx/cmm
6/n Winery: The French Chateau de Goulaine (wine botle in pic) started around 1000 & the German Staffelter Hof Winery in the 860s. Image
7/n Construction: The oldest company in the world Kongō Gumi in Japan was operational for 1400 years when it finally megred with another company called Takamatsu Construction Group which itself is over 100yr old.
Pic: Osaka castle built in 1597 Image
8/n The attached image is the oldest companies across the world. Sources mentioned Image

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More from @deepakvenkatesh

Jun 10, 2021
*DO READ or LISTEN*

Very Critical

1/ Adding somethings which I have done in this thread. Maybe not the perfect thing but helps.
2/ Get your nominees set up. Super important.

And let those nominees know. How?

Make a consolidated mail for them. And tag that mail in their inbox. For instance my wife has a tab "DV" & color code it. Do this for your sibling & parents if possible
3/ MY NSDL CAS statements get forwarded to my wife and her statement to mine. I have maintained sporadically though CAS statements in a google drive folder to which both of us have access. As investors your close ones should know every single investment you have.
Read 7 tweets
Oct 4, 2020
1/n

A short thread on Indian Household Finance

Percentage of Households having exposure to equity

USA
Direct stock
60s 40%
80s 25%
90s 17%

MFs
80s 70%
90s 43%
(Lynch)

India
One of the lowest in the world at ~14% as per MOSL vs 45% of US.

Whereas RBI quotes <10% in Jun 20.
2/n

We are close to 80% invested in Real Estate and drowning in unsecured debt.
3/n

Only 13% save for retirement

And over 50% think their children will help in retirement
Read 12 tweets
Sep 29, 2020
1/n

Short notes from the book 'Dead Companies Walking' by Scott Fearon.

I think this is a must read book for all investors to understand when to stay away from a company even if you don't want to short it. Image
2/n Things go wrong more often than they go right. Failure is actually a natural - even crucial - element of a healthy economy. And the people who are willing to acknowledge that fact can make a hell of a lot of money.
3/n One of the most enduring & important business traditions is failure
Read 25 tweets
Sep 25, 2020
1/n My investing process which is quite manual & achingly slow given that I get only a few hours a day & weekends

Rule1: Handwritten & filed in folders like below

Always have most of the documentation printed & filed. Ignore the stocks please.
2/n

Rule 2: An Investment checklist. Printed & filed in hand (snapshot below)

For the company in question as well as appropriate competitors
3/n

Rule 3: Have a Page 0. This I have learnt at work. I keep updating it if I come back to the company. Screenshot below.

Everything is given objectively as trend except the reason to reject the idea
Read 10 tweets
Jul 10, 2020
1/n The term Coffee Can is being used to market funds these days. Professional fund management is more about selling & less about returns today

Some learnings from my father who has held stocks since the 80s & 90s and is the person who got me interested in this investing project
2/n Being a govt doctor working on the field most of the time he rarely put in effort to do any detailed analysis. He tried his hand at a business & failed miserably. Went back to job.

His learning - give money to people who can run businesses efficiently.
3/n You can never create a business in 1-2 years. It takes decades. So why do you think you will make returns in a few months? He bought stocks with the expectation that for 5+ year nothing would happen.

This is what the world's richest man says & does.
Read 14 tweets
Apr 5, 2020
1/n How painful is the current drawdown investors are seeing. A small thread on the topic

My objective was to look at 3 things essentially

How far does the portfolio fall?
How long does it stay in the dumps?
How fast does it fall?

Taken Nifty50 as the portfolio since 1 Jan 99
2/n There are only 3 blocks of period in which Nifty has gone below a drawdown on maximum terms of below 30% since 1 Jan 1999

Dotcom - Period roughly from Feb 2000 to Dec 2003
GFC - Period roughly from Jan 2008 to Oct 2010
Covid - Period roughly from Mid Jan 2020 to present Image
3/n Dotcom period

How far does the portfolio fall
Max DD was 51% Image
Read 11 tweets

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