Blog · Page 5
275 articles. Educational only: none of these is a research report or a recommendation.
Peter Lynch warned that when companies spread into businesses they do not understand, diversification becomes 'diworsification'. A plain-English lesson with the Coca-Cola and Kingfisher stories, and…
Think of the last time you walked into a big discount store like DMart with a small shopping list. The same one-kilo packet of toor dal,…
There is an old Hindi saying that every Indian grandmother seems to know: boond boond se sagar bharta hai — drop by drop, the ocean fills.…
Why does every salesman believe his own pitch? Charlie Munger's most practical idea — the power of incentives — explained in plain words, with the FedEx…
In nature, lasting success is mostly about not dying — not about being the fastest. One India-focused fund manager built a remarkable record by applying that…
Joel Greenblatt's 1997 framework finds mispricing not in better forecasts but in forced sellers — corporate events that hand orphaned securities to holders mandated to dump…
In 2014, Christopher Mayer, then a portfolio manager at Bonner & Partners and now at Woodlock House Family Capital, set out to answer one question that…
Warren Buffett does not actually invest. He filters. The investment is what remains after four filters have eliminated everything that does not belong. He has said…
Most readers think Klarman’s book is a longer, glossier explanation of Graham’s “buy a sixty-paise rupee” idea. It is not. Read the contents carefully and you…
One of the most repeated lines in Charlie Munger’s lifetime of public talks goes like this: “The first principle is that you have to ask yourself,…
Every Indian investor has heard the famous Buffett lines. The 20-punch card. Mr. Market. The favourite holding period being forever. These travel well — they survive…
Sir John Templeton's 'buy at the point of maximum pessimism' rule is the most uncomfortable, most lucrative discipline in value investing. Here's how Indian value investors…
Capacity Utilisation becomes more useful when investors translate it into audited numbers, cleaner disclosure, and better minority-shareholder readability.
Switching Costs becomes more useful when investors translate it into audited numbers, cleaner disclosure, and better minority-shareholder readability.
Millions of YouTube finance podcasts. Zero documented life changes. Yet numerous followers of my work report their financial lives have changed, and my CAGR is in…
In 1958, an unassuming San Francisco money manager named Philip A. Fisher published a book that would quietly rewire value investing. In Common Stocks and Uncommon…
Segment reporting looks boring until it saves you from believing the wrong story. A company can report healthy consolidated revenue, respectable profit, and a confident management…
Buffett’s concern was straightforward. Generally Accepted Accounting Principles (and their Indian equivalent, Ind AS) require companies to report a net profit figure that includes non-cash charges…
Deferred tax can quietly change how reported profit should be read. The line is less about jargon and more about timing, profit quality, and whether management…
A rights issue can preserve minority ownership or quietly dilute it. The difference lies in why the company needs money, how management behaves, and whether investors…
Ask a room of 100 retail investors in Chandigarh, Mumbai, or Bengaluru a single honest question: “If you received ₹50,000 as a Diwali bonus and another…
Most Indian investors read the headline profit, glance at the EPS, and close the annual report. They never scroll to Note 38 — or whichever note…
India consumed roughly 453 million tonnes of cement in FY25, up 6.3% from 426 million tonnes a year earlier, and CRISIL now pegs FY26 demand growth…
The single most dangerous mistake in Indian value investing is valuing a company on a single year’s earnings. That year could be a cyclical peak. It…
The securities quoted in these articles are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.