🧵on how Sugar -> Ethanol will change demand supply situation
“The industry would be able to sacrifice 5-6 MT of Sugar for Ethanol production over next 2-3 years. This would help to reduce sugar production to level of sugar consumption, which would keep inventory at rational levels resulting in higher domestic sugar prices”
“Sugar Value Chain”
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Legendary Investor Mukul Agarwal recently made his Media debut.
🧵Thread on his journey from a trader to one of the most successful investor, his Philosophy, key holdings.
@MukulAg77304674 Sir You could be the next big bull , please make more media appearances to educate us.
His Investment Philosophy
Defies Conventional Wisdom, Not a Contrarian, Not seeking for deep Value, Not focused portfolio
(holds 200+ companies), Doesn’t meet promoters, Not well networked, but a Patient Investor
Timeline
1991 Commerce graduate
1993 Made few lakhs as a trader
1994 Opened 90 sqft office.
1999 Made big In .com bubble
2000 Exchange membership
2003-2008 Made good money
Post 2008 Transition to investor
2011 Setup research team to invest
2013 Successful Investor
Berkshire Annual Meeting 2022: Stock markets have become a gamblers parlour
“Sometimes it is quite investment-oriented, other times it is almost totally a casino, a gambling parlour, that existed to an extraordinary degree in the last couple of years, encouraged by Wall Street.”
Buffet: “Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism. They don’t make money unless people do things, and they get a piece of them. And they make a lot more money when people are gambling,”
Munger there was nearly a “mania of speculation” in the market, with algorithms trading against other algorithms and inexperienced investors being advised by inept brokers. “It is despicable,” said Munger. Into this crazy mix, long-term investments get added in.