Stalwart Advisors

Am I Ready?

Posted by | Food for thought, Investing wisdom | No Comments

There is clearly a wild rush towards equity, some are doing this out of FOMO (Fear Of Missing Out), whereas some are left with no other choice given relative unattractiveness of hitherto popular asset classes of Bank Deposits, Real Estate and Gold. The magnitude of this irrational exuberance can be gauged by reading chats in  some whatsapp groups, comments on investing blogs or discussion forums like MMB (one such snapshot shared at the end of this short post).
Stalwart Advisors doesn’t have a sales team (& hence no sales target or incentive to mis-sell). Rather we have transparently put all the information on our website and let investors decide for themselves. If prospects contact us over email or telephone, we also ask lot of questions to gauge whether they are ready or not, and accordingly counsel them.
Yet, there

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Why we bought Garware-Wall Ropes?

Posted by | Business Models, Investing Framework, Scuttlebutt, Stocks | One Comment

“Invest in businesses that buy commodities and sell brands” is a powerful idea for long-term investing propagated by Warren Buffet. This lends business the ability to pass on higher raw material cost without losing unit volumes and retain some benefits in times of softer raw material prices. (a.k.a. pricing power)
As per Prof. Sanjay Bakshi, an attractive hunting ground for mis-priced companies is often where Mr. Market is valuing some businesses as commodity, perhaps because they belong to sectors which are labeled “commodity” for example textiles, whereas in reality some of these might have carved out a niche for themselves enjoying a strong pricing power (think Ambika Cotton)
In 2015 we got lucky when we spotted both these elements to be present in a business called ‘Garware-Wall Ropes’, a Pune based technical textile giant.

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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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[Video] Surat Investors Meetup

Posted by | Investing Framework, Investor Meetup | No Comments

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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SA’s Founder in ‘Wizards of Dalal Street’ with Mr. Ramesh Damani

Posted by | Investing Framework | One Comment

Interview Video: Jatin Khemani, Founder, Stalwart Advisors, in conversation with legendary investor Mr. Ramesh Damani in his show ‘Wizards of Dalal Street, A Fresh Breeze’ discussing:

His journey,
Why tips are hazardous to wealth,
Stalwart Advisors’ Investment Philosophy,
Why it matters to have high quality management team with skin-in-the-game,
How he found stocks like Tasty Bite Eatables and Relax Footwear,
Why understanding Operating Leverage is crucial for investors and
How it applies in case of businesses like Wonderla Holidays.

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[Video] Talk delivered at FIL Alumni Meet, Pune – July 2016

Posted by | Business Models, Food for thought, Industries, Investing Framework, Stocks | 15 Comments

Recently I had the privilege of sharing my thoughts on investing with my fellow FIL Alumni at Flame University, Pune. The video, along with the presentation, is shared below. I talked about ‘India’s Consolidation Wave'; how the organized players stand a great chance to grow amidst an on-going shift in consumer preferences towards standardised and branded offerings.
Video_India’s Consolidation Wave

Notes on Video (Time 31:11)

00:00 Introduction
01:00 Drivers of Long-term Returns
03:00 Case Studies – Page Industries & Relaxo Footwear
04:30 Defining Unorganised Sector
05:50 Industry Research Filters Applied
06:40 List of Industries with high potential
24:45 Case Study – Decorative Paints (1980 – 2016)
26:48 GST: A big enabler
29:00 Value Migration Vs. Consolidation Wave
30:25 Summary

Presentation_India’s Consolidation Wave

For convenient reading switch to full screen mode

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