Investment Gurus

India’s Market Leaders: My 10 Key Observations

Posted by | Food for thought, Indian Markets, Industries, Investing Framework, Investment Gurus, Stocks | No Comments

My March’19 column written for Safal Niveshak’s ‘Outside the box’ newsletter One common advice I find veteran investors passing on to next-generation investors is to look for companies dominating their industry and enjoying entry barriers ensuring their profit pool share is protected. Now, ideally, we may think that the top 3-4 players by market share in any category should be qualified as ‘dominant players’ even if their respective market share is in single digit. However, for the purpose of this research, I have restricted my analysis to only those companies that enjoy at least a 35% share in their respective categories. You must be thinking that it is quite a stringent filter and there would only be a handful of companies that will make it to the list – after all, …

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Should you invest in IPOs?

Posted by | Food for thought, Indian Markets, Investing Framework, Investing wisdom, Investment Gurus, IPO | No Comments

There are two kinds of Initial Public Offering (IPO) – 1). Fresh Issue where new shares are issued and money raised goes to the company which can be used for growth or retire debt and 2). Offer for Sale where existing investors (promoters and private equity) sell their shares and money goes to them rather than the company. Unlike earlier times when most IPOs were a fresh issue in order to raise growth capital, now most issues these days are Offer for Sale. During rapid growth phase companies go to private equity firms for capital and after achieving reasonable scale comes up with an IPO at rich valuations, leaving hardly anything on the table for new investors, to offer an exit to private equity. IPO is a seller’s market, they …

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[Video] Individual Investor’s Real Edge – TIA 28th Jan 2017

Posted by | Investing Framework, Investing wisdom, Investment Gurus, Investor Meetup | No Comments

Presentation made by Jatin Khemani, Founder & CEO, Stalwart Advisors at Bullet Proof Investing Seminar organised by Tamil Nadu Investors Association on 28th January 2017 at ITC Fortune, Chennai. Notes on Presentation: 00:00    Introduction 00:38    Are large caps safe and easy to decipher? 07:35    How did Warren Buffet and other veterans start investing? 12:20    Why prefer smaller companies? 13:45    What goes into making of a 100-Bagger? 15:20    Case Study – Hero Honda – A 100-bagger for Ramdeo ji 16:25    Industries with High Potential 17:57    Case Study – Titan – A 100-bagger for Rakesh ji 19:58    Structural Theme: Unorganised to Organised 21:40    Sources of Information 23:00    How many companies in India do quarterly conference calls? 27:00    Scuttlebutt & Common …

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