A thread on the snippets (paragraphs & quotes) from the book ‘The Hidden Life Of Trees: What They Feel, How They Communicate’ by Peter Wolleben (A forester 🌳)
‘Trees in the forest are social beings.’
This thread will be updated as I read further & further.
1/ Trees are underrated.
2/ Wood Wide Web.
3/ This is how most people think about stocks, however, they are much more.
4/ “One of the oldest trees on earth, a spruce in Sweden, is more than 9500 years old. That’s 115 times longer than the average human life time. Creatures with such a luxury of time on their hands can afford to take things at a leisurely pace.”
5/ “Slow down, breath deep and look around. What can you hear? What can you see? How do you feel?”
6/ Why trees are social beings? Nature is more complicated than one thinks.
7/ How Trees communicate?
8/ Trees are slow but competent.
9/ Trees vs Insects 🐞
10/ The optic fibre cables of the forest.
11/ Agrochemicals.
12/ Socialism in nature.
13/ One child policy.
14/ Mom & Dad Trees are quite strict.
15/ why does soil moisture matters.
16/ Plants can learn & store information, however, don’t ask me how.
17/ “There is a honey fungus in Switzerland that covers almost 120acres and is about 1000 yrs old. Another in Oregon is estimated to be 2400 yrs old, extends for 2000acres and weighs 660 tons.
That makes fungi the largest known living organisms in the world.”
Not the whales 🐳
18/ The most beautiful lines.
19/ Care about ESG? Plant more 🌲 🌳 🌴🌳
20/ Older trees grow faster.
21/ Valid for friends who live in Europe.
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They play the role of the Orchestrator: A platform that connects to & finds synergies among 1000s of local networks across the world to create collective value for the network & its stakeholders
H/T @Chins1729 👑
2/ It's hard for a traditional firm to move towards being a Network Orchestrator
X | From thinking about their firm → The whole Network
Y | From Management control → Empowerment
Z | Shift in Value Creation through Specialisation → Integration
High Entry Barrier 🚧
3/ X
Two retail stores in New York City may appear to be direct competitors, but this is an illusion.
Each store has a supply chain stretching from its shelves out to the world
Before a customer walks into the store, often the game is over based on the superior supply chain.
A Regulated Monopoly Lender with zero NPAs & growing faster than HDFC & ICICI Banks
I authored this on Dec 2021 when the stock was barely talked about, posting it today to improve my engagement numbers on Twitter ✨
A Thread 🧵👇
1/ History.
IRFC was established in 1986 as a dedicated market borrowing arm of the Indian Railways, registered with the RBI as an NBFC (Systematically Important)
But why do Railways need them, can't they directly ask for funds from the Ministry of Railways (MoR)?
2/ Here, enters the Government according to whom raising money from the open market is not the duty of MoR, it is the duty of the Ministry of Finance (MoF)
which didn't want to act as an intermediary & thus IRFC was born to raise money& fund the capital needs of Indian Railways.
Real estate stocks have taken a tiny hit due to the interest rate hikes
Zoom Out. This is just a minor blip in this cycle
If the cycle goes the way it has in the past, most of the companies can become 5-10x larger in the next 5 years
If it doesn't, you still double your money.
1/ From Godrej Properties Q2FY23 concall
Price acceleration (across all markets) is driven by the end consumer & not just investors. Interesting.
2/ Continuing on the above... Mr. Godrej is quite bullish on the real estate cycle picking up in the next 4-5 years. That's why they are doing a lot of asset-heavy deals these days & did massive QIPs.
Later, we might see a downcycle again. Still, good times are probably near.
Strong execution from Sunteck Realty: Targeting a 1800crs TTM Pre-sales by FY23 end.
- $ 3.8 billion (30K crores+) is Est. Gross Development Value (GDV) of the upcoming project pipeline in the next 7-8 years
- 37 million sq ft Across 7 projects
Very Interesting!
1/ They have nearly 2000 crores unsold inventory as of the date
They are also planning to launch 6000 crores worth of projects in the next 18 months
If the demand scenario stays robust, the targets above should not be hard to meet
Target: Double Pre-sales every 2-2.5 years 🚀
2/ "Sunteck has grown in the last 15 years with all the headwinds in the industry. We have been able to grow at a time when most other players have not been able to survive." ~ Kamal Khetan, Chairman & MD.
1. R&D Spends >>> Marketing Spends (The opposite is unsustainable, the last year was a bubble) 2. They have always followed an organic process of building deep capabilities over time which allows them to build great products
3. They are investing in medical technology, EVs, Robotics, Network Equipments, AI & ML 4. Future of SaaS? The market is great, however, too many people are chasing it (We need a period of consolidation as no business wants to work with 10s of thousands of companies, only 5-10)
5. Microsoft is 200x our size, and Salesforce at 40x; those are the milestones we want to reach (Global Leadership) 6. What he needs in investments? I look for problems to be solved