A Multi asset and Multi Geo Perspective Making sense of macro movements and what is being priced in January 2018 Disclaimer: The points made here are inferences based on personal experiences, please do your due diligence before applying these to your unique investment scenario. This is at best a study and does not constitute investment…
Business Analysis – Asset Management & Wealth Management Kedar B SEBI registration INA200012285 June 2019 Disclaimer: The points made here are inferences based on personal experiences, please do your due diligence before applying these to your unique investment scenario. I am a SEBI registered Investment Adviser; however this does not constitute investment advice since it…
Business Analysis SeriesPart I – Assessing Unit Economics to evaluate Business Quality Understanding the unit economics of any business is the foundation of business analysis. Unit economics isn’t just restricted to looking at profitability metrics from the P&L, it also takes into account how much capital has been invested into the business to generate those…
Business Analysis SeriesPart II – Competitive Landscape and Industry Structure Imagine doing a case study pedagogy-based MBA, only that we consider real time business examples rather than studying what happened 25 years ago. That is what investors deal with on an ongoing basis. If you get your understanding and the subsequent thesis wrong, you don’t…
Business Analysis SeriesPart III – Putting it all together My preferred approach to most things is to analyse to a respectable level of depth, then come back up for abstraction and summary. Take a deep dive, come back for a breath of fresh air, get a fresh sense of perspective, and then decide how to…
Disruption – Thinking Deeper Disruption – Radical change to an existing industry or market due to technological innovation The key words here are “radical change” and “technological innovation”. In the first decade of this millennium, disruption was spoken of only in certain technology circles. Starting with 2010, it has become a buzzword that almost…
The Decade that went by First up, some thoughts on the year that went by. The biggest mistake that investors could have made during CY2020 was overthinking things. Any time one went “I am smarter than the markets, whatever is happening is madness”, one ended up getting clobbered. When the COVID-19 crash started in late…
Governance Checks – The art of not being a fool “A fool and his money are soon parted” Holds true in investing too, how not to be such a fool is a very important part of investing. Forensic analysis, channel checks, corporate governance evaluation, corporate structure & analysis of related parties are some facets…
Second wave & Impending lockdowns – Flash Note This wasn’t completely unexpected, was it? Other countries across the world have gone through multiple waves post the first wave, India cannot be too different. Going back in time 100 years, the Spanish Flu had the same playbook. People relaxed their guard after the first wave started…
Dealing with the Fear of Missing Out (FOMO) – Flash Note FOMO is a unique beast. It tests the resolve and patience of every investor and every investment philosophy out there. I am not immune to the effects of FOMO; I have dealt with the beast before in 2014 and 2017. In hindsight, not too…
