🧵 Here's a master thread on Personal Finance concepts like Budgeting, Emergency Fund, Investments, Insurance, Asset Allocation, Book Reviews, Behavioral Finance and many more.
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Studying history makes you feel that you have understood it, but until you have lived through it & personally felt the consequences, you may not understand it enough to change your behavior
Some lessons have to be experienced before they can be understood
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2. Luck & Risk
When judging others, attributing success to luck makes you look jealous & mean, even if we know it exists, but when judging yourself, attributing success to luck can be demoralizing to accept.
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Thread 🧵on IRCTC.
Let's try to understand IRCTC with respect to various parameters like 1) Background 2) Services 3) Financials
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Background
- Incorporated in 1999, it is an extended arm of Indian Railways which manages catering & hospitality services
- IRCTC is India's only authorized entity for providing online ticket booking & catering services.
- Debt free company consisting of 1446 employees
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- It is 'One stop solution' offering online ticketing, tour packages, catering & drinking water (monopoly in manufacturing & distribution of packaged water)
- Around 31 million average transactions per month, ~28% cagr PAT, ~11.5% cagr revenue from 2016-2020
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Thread on Dabur India Ltd
Let's try to understand Dabur with respect to various parameters like 1) Company Background 2) Products & Services 3) Distribution Networks 4) Financials
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1) Company Background
- Founded in 1884, it is world's largest Ayurvedic & Natural health care company with portfolio of over 250 herbal/ayurvedic products
- It has 12 manufacturing locations in India & 8 International manufacturing locations
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- Dabur has a total of 7740 employees out of which 2505 are overseas employees
- In terms of R&D, it has filed 43 patents till date
- Products are sold in 100+ countries
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- Firstly, it points out difference between Fundamental & Technical analysis, it's advantage and disadvantages
- Analyzing EIC (Economic-Industry-Company)
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- Different factors to consider while analyzing an economy. How political stability, GDP, consumer spends can actually help long term investor in making decisions
- Understanding different economic & industry cycles, methods for performing Industry Analysis
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Company Snapshot
- Established in 1910, it has 13 business in 5 segments
- 90 countries where ITC exports.
- It has over 200 manufacturing units spread across the country
- Over the years ITC is leading in Cigarette Business
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- It has launched 60 new products in the last year
- In terms of R&D, it has over 900 patents filed
- Ranked 3rd overall on ESG performance, 41% of the total energy consumption is renewable energy
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