Sharing my learnings from my journey so far.
Initially when I started out I used to ignore what anybody would have to say about their style of valuing a business and I would blindly copy what Benjamin Graham’s book, The Intelligent Investor had to say.
Later came a stage where I realized Benjamin style was not working.
Sep 29, 2021 • 16 tweets • 3 min read
Sharing notes from talk of @ashishkila sir on "Ranking of Business Models"
Why ranking?
Helps to eliminate error of commission.
When we have multiple attributes to look at, if you don't have a framework it is difficult to have contrarian thoughts.
You either swing for it or avoid.
Feb 19, 2021 • 31 tweets • 5 min read
Summarized "Can you make big money in micro-cap stocks? Learn from Ashish Chugh" talk between @hiddengemsindia and @varinder_bansal
Ashish Chugh's journey:
Engineer by education but never had interest in software and started career with DSP Merrill Lynch.
He was working from 1993 to 2003, and in 2003, he decided to start full time investing.
Jan 30, 2021 • 46 tweets • 9 min read
A thread on Memos of SageOne Investments written by @SamitVartak
I have only included part which gave insights on business analysis.
For more detailed version I would recommend reading full memos from their site.
Jan 27, 2021 • 18 tweets • 4 min read
Summary of a talk by @SamitVartak "Importance of Creating Long-Term Wealth for Clients".
Short thread 👇
Things he would look for in companies:
1. Survival: Staying away from a company if you doubt its existence 10 year down the line, even if the opportunity is too exciting.
As soon as you extent your time horizon you start to realize there are very few companies which survive.
Jan 26, 2021 • 7 tweets • 1 min read
What is Operating Leverage?
In very simple terms: Increase in revenue with no/less increase in cost.
Best way to understand operating leverage is by thinking of a tech company.
Let's assume Facebook buys 1 unit of server for which it can add 100,000 users and currently they have only 50,000 users.
Now, due to boost in demand their users double to 100,000 but their cost remain constant as their server already had the capacity to handle 100,000 users.
Jan 24, 2021 • 31 tweets • 7 min read
Here is a thread on a talk delivered by @Sanjay__Bakshi on "What I Wish I Knew When I Was 17" in @FLAMEUniversity
Five things he wish he knew before 17:
1. How powerful some of these ideas (mentioned later in this thread) are, which are taught in academia and how useful they are in making decisions or understanding how the world works.
Jan 13, 2021 • 86 tweets • 14 min read
A thread on "Alchemy: The Surprising Power of Ideas That Don't Make Sense" book by @rorysutherland
Challenging COCA COLA:
The book starts with an amazing example where it shows you that the opposite of a good idea is also a good idea.
Let's say you want to make a company which will be competing against Coca Cola, what qualities would you want in your product?
Dec 23, 2020 • 35 tweets • 9 min read
Here are my notes on @Sanjay__Bakshi podcast, "The Art Of Value Investing".
Its important to read different editions of Ben Graham's book as you could see his thinking changing over the years.
3rd edition of security analysis has an appendix at the end tilted Special Situations
Nov 21, 2020 • 58 tweets • 13 min read
My notes on lecture given by Prof. Sanjay Bakshi, "The Opposite Of A Good Idea".
Before we get into it, if you want a pdf of this thread then please do join into my email list and receive the pdf instantly.
A thread on the book 'The Thoughtful Investor' by @BMTheEquityDesk
Before we get into it, if you want a pdf of this thread then please do join into my email list and receive the pdf instantly.
Here is thread of my notes/takeaways from Warren Buffett's Partnership letters.
(I have not included the letter where there was repetition of content)
Before you start reading incase you want my full notes in a pdf format then join my email list and get the pdf instantly.
