Friday, April 24, 2015

Is there a ‘Bubble’ in Quality?

The entry of ‘quality’ and ‘moat’ into the lexicon of most investors has resulted in valuations of these businesses touching stratospheric levels. Consequently, investors of today are faced with some difficult decisions.

Sunday, April 20, 2014

Fool’s Wisdom #4 : An alternate approach to position sizing

Howard Marks in his classic, The most important thing, divides the investing community into people who think that the future can be foreseen or the ‘I know’ group as against the ‘I don’t know’ group viz those who believe that it is absolutely impossible to tell what tomorrow will bring.

Tuesday, February 4, 2014

Wheels India Rights Issue – A Free Lunch for minority investors??

Wheels India has announced a rights issue only for minority investors, which seems to present an interesting opportunity.

Thursday, November 21, 2013

Fool’s Wisdom # 3: Tennis v/s Roulette

Students of behavioral finance and game theory would have probably read about the group mind exercise which involves choosing a number between 0 and 100 such that the winning number is 2/3rd the average of the guesses of the group. 

Wednesday, October 23, 2013

Fool’s Wisdom # 2: One, Few, Many or All??

No framework on portfolio construction can be developed without first choosing between the camps of concentration and diversification. In this second, of a four part series, we discuss the subject as we see it.

Monday, October 14, 2013

Fool's Wisdom # 1 -Its how much that matters !!!

Whenever a novice investor suffers financial losses in markets pat comes the advice from relatively seasoned players “Consider it as tution fees for your learning”. After having paid (and continuing to pay) enormous amounts of such tution fees on numerous occasions we are beginning an attempt at collating some learnings through posts thus appropriately labeled “Fool’s Wisdom”.

Friday, July 19, 2013

VIP Industries – Packed off by the Rupee

While domestic consumption oriented stocks have generally been having a party of their own in the past 2-3 years, one tribe member they clearly forgot to invite is VIP Industries, the largest seller of branded luggage in the country.

Friday, June 7, 2013

Polaris – A good value punt?

We think Polaris Financial Technology Limited is a good punt in the (oft misused) context of value investing.

Monday, May 6, 2013

Post Delisting Options

Some time back we had made a case link for avoiding the delisting theme since we thought the current regulations are 1) flawed and 2) significantly favourable to promoters.

Wednesday, April 17, 2013

A swan or an Ugly Duckling ??

In Feb 2012, the promoters of Numeric Power (now Swelect Energy Systems) chose to sell its core UPS business (roughly 90% of revenues and profits) to Legrand for ~ 825 cr through a slump sale.