Investing Framework

Investing Mantra for Large-Caps – Go Contrarian (Case Study)

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Until a few years ago, there were 100s of hidden gems/emerging companies available at throw-away valuation, however, since the beginning of this bull market in mid-2013, all those low hanging fruits got slowly taken out. As always pendulum did not stop in the center rather went to other extreme re-rating emerging companies to astronomical levels (~2x of their larger peers). There is a difference between a great business and a great investment- no matter how attractive a business may appear, as investors, we have to be cognizant of the price we are paying for it. Every market cycle teaches the same lesson to new investors, whether it was those who bought Technology, Media and Telecom (TMT) stocks in 2000 or Infra in 2007. Realizing this we also started exploring large caps …

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[Memo] A Note from CEO – View on Current Markets & Portfolio Strategy

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Following is a copy of memo shared with Stalwart’s clients during August 2017 – Markets were rallying one way up since the start of 2017 and many began to believe there’s really nothing that can stop this rally amidst so much liquidity and no alternate opportunity for deployment. Then happened the least expected regulation twist during the month of August which should have ideally effected just those 331 alleged “Shell” companies in whose stocks trading got suspended with immediate effect, but when it comes to markets the ‘cause and effect’ is complex and often goes beyond the obvious and even minor developments could spread into deadly contagion.   Some of our stocks too have corrected, however, these are merely mark-to-market changes as long as we have confidence in the underlying thesis. …

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[Video] Surat Investors Meetup

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Team Stalwart travelled to Surat, Gujarat and organised a meet up on 26-27th November 2016 at Ginger Hotel, addressing 100+ investors in five different batches explaining some of the key frameworks, investment philosophy followed by us and addressing queries around investing. If you are visiting our blog/website for the first time and/or contemplating signing up for our research, we strongly urge you to spend some time viewing following videos; this should help you understand our investment style and set the expectations right. To us it is paramount that every prospective investor who associates with us is able to understand and connect with our philosophy. Part I – Key Frameworks Notes to part I of the video which covers the following: 00:00 About Jatin Khemani, Founder & CEO 03:36 How he started & his journey so …

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