Let us say, your friend and you
are partners in a partnership firm. Your friend chances upon a piece of land
which may be of use to your partnership firm. Let us say the fair value of that
land is Rs 125 but he seems to be getting a good deal at Rs 100. What should he
do?
Manufactured Luck
Friday, December 2, 2016
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.
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