Authors Intrinsic Compounding
Time for a thread about all tools I use to research,Find information and update myself about different subjects
Blog Subscriptions I am subscribed to for investing:
2. Non-Gaap Substack
3. The Flywheel substack
4. Read The Generalist
5. Kiran D- has a blog on word press
6. Uncommon Profits
7. Used to read stalwart but they reduced the posting
12. Betaoalpha Substack by @mehrotra_saket
Others that I like to read
2. @EconomicTimes Prime. Recently they have improved
Sectoral experts/Analysts that I follow:
For Pharma- @AdityaKhemka5 , @unseenvalue & @punitbansal14 + Contract Pharma for cdmo
For Banking- @HemindraHazari , Digant Haria and Ashish Gupta from Credit Suisse (he's terrific)
For chemicals- Rohit Nagraj from Emkay Global
and chemical weekly+Chemical reports monthly from B&K securities
Broker reports that I like to read whenever I can:
1. Spark capital-hands down the best reports in the country.
2. Ambit- publish some good stuff. But rarely available
3. JM Financial- exceptional reports.
2. Cdmo/crams in Pharma and agro
4. Music streaming
5. Building material
7. Ecommerce Businessess
9. Niche Manufacturing due to cost arbitrage
10.Certain Auto anc cos with tie ups
11. Insurance space
12. Animal health
@sahil_vi @itsTarH 13. Cybersecurity cos abroad. Not in India.
14. Digital transformation: digital is an overused word though.
15. Biotechnology: emerging theme. Waiting for it to play out.
16. Green energy: some players already benefitting
Having multiple facilities accredited with certifications from the best authorities from globe is a hidden moat in itself... 10-20% pop and then retracement should not shake confidence... Business focus and longevity should build conviction— Harinder S Nanda (@harindersnanda) July 14, 2021
Time for a thread with a live example that is playing out in front of us! 🎵🎵
“What is elementary, worldly wisdom? Well, the first rule is that you can’t really know anything if you just remember isolated facts and try and bang ‘em back. If the facts don’t hang together on a latticework of theory, you don’t have them in a usable form.”- Charlie Munger
Charlie Munger who is the partner of Warren Buffett, has over the years explained the importance of creating a latticework of mental models. That is basically combining theory with live practical examples
One of the most interesting mental models he talked about in his books was that of Autocatalysis (lets understand this and how we can apply it to a live example):
"Disney is an amazing example of autocatalysis. They had all those movies in the can.
They owned the copyright. And just as Coke could prosper while refrigeration came, When the video cassette was invented, Disney didn’t have to invent anything or do anything except take the thing out of the can and stick it on the cassette.
Time for a thread with international and Indian examples, Please retweet so that everyone can benefit 🧵🧵🧵🧵
The world we see and defined is given meaning by the words we choose to use. In short, the world is what we make of it. Something similar applies to creating a thesis before investing in a stock. Your thesis is what makes you hold a stock thick and through in spite of bull/bear
Example 1: Amazon- In May 1997, Amazon became a publically listed business. The target price set by analysts was $18 per share. It finished its first day at $23 per share. (So much for targets). In 1999, in the middle of the tech bubble. Same stock was trading at $100 per share.
Analysts were giving targets of $300 per share. However, after the collapse of the bubble many internet businesses went bust, but Amazon survived in spite of a 78% drop from 1999 highs. As we all know, Price changes perception. Same analysts started claiming it was massively
overpriced and claimed its days were "numbered". By the end of 2002, it was trading at 90times cash flow (so much for multiples to account for future)