Always learning | Equity Research Analyst | Ex-ICICI Securities
Oct 13, 2020 • 7 tweets • 2 min read
Everyone now knows about the big bull Harshad Mehta (HM)
But did you know DMart founder RKD bet heavily against the big bull in those days? He was joined by two others – Raju (chartist) and RJ, who was a young amateur trader then
Together, they were called the ‘Triple-R’ group
HM was already surfing large waves in Indian stock market. The growing clout of 'triple-Rs' gradually launched them into the orbit of HM.
Triple-Rs learned tricks to short stocks from the original short seller – The Black Cobra i.e. Manu Manek.
Jun 17, 2020 • 16 tweets • 3 min read
Aswath Damodaran - Lessons from Covid-19:
Experts say, tech is in bubble zone, smart money is better, value is outperforming.
But what markets have shown - 1. Asset light > asset heavy 2. Passive > active 3. Growth > value
Pick markets over experts, any day.
No correlation between economy and market historically. Markets are predictors, not reflectors. Positive correlation is strong 3-4 quarters ahead.
Currently, markets saying economy will bounce back swiftly. Second wave might not happen. But, markets could be wrong too. Let's see
Jun 8, 2020 • 9 tweets • 2 min read
A thread of the famous Rakesh Jhunjhunwala phrase - "The mother of bull runs"
Jun 2020
Apr 5, 2020 • 13 tweets • 3 min read
A common question floating right now: After a country is done tackling #COVID19, how will the recovery look like?
China offers few hints. The nearly two month-long lockdown has changed the consumption behaviour of Chinese residents.
(thread)
Let’s start with restaurants - they are a useful proxy for person-to-person retail activity.
1. Many have turned to home cooking to cut their spending. A 32-year-old Shanghai resident said, "I go straight home after work and don't eat out".
Mar 31, 2020 • 6 tweets • 2 min read
As @morganhousel says, scars of 9/11 are still felt at all airports around the world. Shoes off, jackets off, belts off, hands up, empty your bottle!
Wounds of #COVIDー19 will heal, but what about the scars? What will change forever in the world? Some things that come to mind:
1. Masks an acceptable norm in crowded places, social environments 2. Fever check at airports/borders, proof of medical records in case fever detected 3. Habit of frequent hand washing / hand sanitization 4. UV sanitisers at airports to disinfect currency notes, mobile phones
Mar 4, 2020 • 11 tweets • 2 min read
Amazing concall by Prashant Jain (HDFC MF) !
Thread on the key takeaways from the call -
1. #Coronavirus will be positive for India given lower global interest rates, lower crude oil, and higher urgency by companies to now diversify outside China. Coronavirus is an opportunity to buy cheaper.
