Book Review TWO of 2021: The Halo Effect
Exeptional Book in explaining biases while trying to understand business performance.
Book review #One of 2021: The Psychology of Money
Why I feel very wealthy and successful after reading this book and hopefully stay. The Psychology of Money by Morgan Housel is a very interesting read and a must recommend for all people for understanding and managing personal finance. The book is easy to read and structured into small chapters talking about each topic. It [...]
ZEEL Q1FY21 : Band-aid on something that needs stitches
Q1 FY21 results of Zee entertainment was an exercise by management in trying to shore up investor confidence in governance and give some straws of hope to the few bullish analyst and investors to hang on. Governance building measures: Isn’t good faith enough? Company committed to Qtrly disclosures of balance sheet and Zee5 data along [...]
ZEEL -There is seldom one cockroach in the kitchen
ZEEL a 15k crore market cap made provisions/write offs of Rs 1500cr of write off and claims in a qtr!!! . A company whose promoters who have lost almost all shareholding (Mere 4.77% left) – write-offs should be seen with dollops of salt. Let’s look at the write offs/provisions/ claims in the quarter Inventories write [...]
The Bizarre Case of ELCID Investments: A 18x-70x bagger ?
Elcid Investments is a listed entity on BSE with a Market cap of mere 18 lakhs. However, the company is an investing company and owns 4.3% or 4.06 lakhs shares in Asian Paints which means an investment value of Rs 6800 cr or Rs 3.5 lakh per /share. The company has two subsidiaries: Murahar Investments [...]
House Money Effect: Why I watched Cricket World cup for a Lakh and A Fund Manager Sold his house?
In 2011 cricket world cup, India had entered the Quarter finals in World cup and I fancied a chance of India reaching the finals to be played on Wankhede. I reached out to a close friend with strong connects and was able to source tickets for World cup final whose MRP was Rs 7k each [...]
Trip to Norway and Why I got deported?
-Co-authored with Vidish Mantri The northern lights have always fascinated me and I with my nephew decided to travel to Norway this winter (Jan 2020) for the experience. To increase our chances of viewing the northern lights, we decided to keep enough days in Tromso (4 days) and added Svalbard (3 days). Svalbard archipelago fascinated [...]
IKIGAI – A year of Quitting
Today marks 1-year of me quitting the corporate rat-race and doing away with the addiction of a salary. The idea behind this was to now spend more time in doing things that I really wanted to do. I had a very satisfying job as an Equity Analyst and the only role I ever had [...]
Gambler’s Fallacy : Do you really have an edge?
The reason to get into any bet or trade is to take an advantage of the pay-outs because of the edge that you have. The edge could be a function of knowledge or skill. In sports, poker or trading, the side that wins in the long run is the one with Edge . In this [...]
Poker or Investing – The problem of being STUCK.
Being stuck in Poker or Investing means that you are currently losing money. In poker, this could refer to your current session or this could refer to your cumulative results over a little while. Being stuck in investing or trading means that you continue to hold an investment/stock because you are losing money in it. [...]
Jagriti Yatra – Day zero
15 days , 12 destinations , 15 role models , 500 youth , 8000 Kms Today I embark upon a 15-day long, national train journey that will take you 8000 kilometers across the length and breadth of India, to understand and build the India of smaller towns and villages through enterprise. Traveling along this train [...]
Poker or Investing – The Tough Task of not being Result oriented
Years ago investor Mohnish Pabrai lost big on an investment in a troubled lender called Delta Financial. Soon after he did an interview with SmartMoney magazine: SmartMoney: How do you deal with Delta Financial, profession- ally and personally?Pabrai: Investing is a game of probability. Sometimes when you make favorable bets, you still lose them. Even [...]
ZEEL Stake sale- Financial or Strategic Partner. Which Augurs better?
Zee stake sale of upto 50% of promoters holding is likely to be concluded soon as per promoter’s statements in investor concall and on an interview with CNBC. https://www.cnbctv18.com/videos/business/zee-entertainment-stake-sale-to-conclude-by-early-july-says-ceo-punit-goenka-3489961.htm Also, the promoters mentioned that they have one binding agreement and expecting another after which the family will decide. One of them is financial investor and [...]
