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Deepak Venkatesh Profile picture
Deepak Venkatesh
@deepakvenkatesh
Equity Investor | Tweets personal
2 subscribers
Jun 10, 2021 • 7 tweets • 2 min read
*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
Oct 4, 2020 • 12 tweets • 3 min read
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.
Sep 29, 2020 • 25 tweets • 3 min read
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.
Sep 25, 2020 • 10 tweets • 3 min read
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
Sep 15, 2020 • 8 tweets • 3 min read
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
Jul 10, 2020 • 14 tweets • 3 min read
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.
Apr 5, 2020 • 11 tweets • 3 min read
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
Apr 2, 2020 • 4 tweets • 2 min read
1/n

Stocks which have appeared resilient

Hindustan Unilever

Quality bubble has not been pricked yet. Its near its 52 week high.

Got inspiration to look at these from my derivatives professor :) Image 2/n
Nestle

Probably the leader in the Quality Bubble. About to hit 52 week high again. Image
Mar 28, 2020 • 6 tweets • 2 min read
1/n Do read this article. It's very important I would say.

I am a newbie compared to this gentleman writer. But I made few decisions to manage the fall so far both from an execution perspective & an emotional perspective. I could be wrong. 2/n
I have even before this had written down my process for core equity investment. I maintain one fundamental growth equity portfolio, a small momentum & a trading book.

I truly believed in equity debt allocation & stuck to in my core portfolio no matter what. It was painful.
Mar 24, 2020 • 8 tweets • 3 min read
1/6 My top 5 Investment ebooks which can be bought to read during free time during this WFH period.

Here they are. And why in a few lines. 2/6
One Up on Wall Street: This is the 1st book one must read getting into investing imho. Very simple to understand.

Its available on Kindle Unlimited so go for the subscription for a ton of other books.

amazon.in/One-Up-Wall-St…
Mar 20, 2020 • 17 tweets • 3 min read
1/n HDFC Bank: Story of 2 analyst reports received today morning.

One from Bernstein with a sell rating & the other from UBS with a buy rating. Target Price 750 & 1480 respectively. Just some personal thoughts now. 2/n Before we rely on any analyst reports we must look at the stance & history of their previous predictions of the writer. I would not like to proceed further without this know how.
Mar 17, 2020 • 8 tweets • 2 min read
1/n Few companies which are staying strong on price charts.

*Share other names which you think have been relatively strong*

Looking at logarithmic price charts & seeing which have touched the 200 DMA or just crossed it. 2/n Abbott. Not touched the 200 DMA so far! Image
Mar 15, 2020 • 18 tweets • 5 min read
1/n Short thread on some numbers of affected people due to #COVID19

I have also collated the same in a PDF attached here:
bit.ly/2TQpbZ7

Source: worldometers 2/n China’s total number of cases on the logarithmic scale has reached an asymptote. Only other country which seems to be reaching such a limit is South Korea. Image
Feb 19, 2020 • 7 tweets • 1 min read
1/n
Little probing on SBI Cards IPO

Since SBI IPO is on its way a lot of data is being cut in different ways from RBIs reporting to make it look nice eg
H bank has max cards in force
X bank customers do Y txns per month
A bank's customer's have B avg ticket size per swipe 2/n
There is a concept of 'activation rate' of a cards portfolio. If there are X cards in force it doesn't mean X cards get swiped. Activation rates are not made public. But on digging deep into some card network reports you will get an idea.
Feb 7, 2020 • 19 tweets • 4 min read
1/ A thread about how Swiss Watches are used a currency & some interesting facts 😊

This article is across WA groups & Social Media. I wanted to share what I learnt & 'saw' how Swiss Luxury Watches are used in Europe specifically Italy.

bit.ly/2OxhcNC 2/ After WW2 in which Italy was a part of the Axis group it was in economic shambles. But in late 50s a golden period for the economy began. This period lasted perhaps into the late 70s & 80s. It was called 'miracolo economico' meaning the Miracle Economy!
Dec 25, 2019 • 6 tweets • 2 min read
1/n This reminds me of my visit to a very senior IAS officer's *huge* office on Parliament street few years ago.

Myself a Venkatesh & a colleague called Swami waited outside the office at the mercy of a peon to pay a visit to the IAS officer.

Cc: @dmuthuk 2/n
After like 20-30 mins we were ushered in to his cabin. The cabin was larger than perhaps most meeting rooms I had seen in my life. After a while the officer marched in from the left.

We straightened up.
Dec 17, 2019 • 32 tweets • 5 min read
1/n A series of tweets on Diversification from Mr Buffett's Jan 1966 letter. Lately there has been a stance of movement towards higher diversification with many Gurus pointing out the same. I think this letter is *one of the best content* on the subject. Quoting Mr Buffett below: 2/n We diversify substantially less than most investment operations.
Dec 3, 2019 • 6 tweets • 3 min read
1/n

This year I think I will share the books which I found either useless or a waste of time for me. They could have been great books for someone else but for me they were not worth the time. 2/n

Ultralearning: This book deserves not more than 30 mins of anyone's time. Repetitive to the core. The first few pages are enough.
Jul 21, 2019 • 22 tweets • 11 min read
#EV (1/n) What fraction will be India's contribution to the global electric vehicle market. Any guesses?
We are a part of the top dark grey region consisting of 150 countries. Yes we are the largest in that perhaps. #EV (2/n) In the US EVs cost more & will continue to do so for over half a decade than ICE. The battery cost when it drops as a % to car cost to 20% does EV make acquisition sense for a consumer(not including TCO).
How will this play out in India? How will v control r costs?