Conviction | Patience's Threads

Tomorrow is 3rd Thursday of this month 🙂

Dumb Retail Investors to Smart Institutional investors :: for this API to FDF to CDMO to Biotechnology synthesis

धीरे धीरे से मेरी company में आना 🎵🎶
धीरे धीरे से share को उठना 🎻

......
......

तुमने wait किया है इतना जानेजाना

Conviction | Patience
@unseenvalue

Barsaat ke mausam main ...
Tanhai ke aalam main ...
🎼🌈
Abhi zinda hoon to jee leney jee leney do ...
Bhari barsaat main Tata Chai pee leney do ... @connectgurmeet

Invested from lower levels. Not for trading. No reco.

Conviction | Patience
@unseenvalue

ACDEGTVZ 🇺🇸 and SBLSKRP2 🇮🇳 are an unequal weight "genetically modified" high 🔥🔥 global 🧬🧬 basket.

Emphasis : "unequal" weight. In a Sunday buffet - can have extra large portion of what you really enjoy eating, by ignoring other not so tasty or healthy things 🧫🧬

Sajal Kapoor
@unseenvalue

If cash flow is not growing / compounding - why do you expect the share price to make newer ATHs ?

Ultimately, the stock price is a function of underlying business and the quality of cash flows

"Quality vs Quantity" of cash matters. Small and Mid Pharma have outperformed Large!

Conviction | Patience
@unseenvalue

Many stock specific questions on my DM or otherwise remain unanswered. Have shared my thesis, process/framework over many months and would encourage you all to find your own process that suits your very own genome. Learn to do that hard leg-work. Put that effort. Survive. Thrive.

[Free CDMO Masterclass #18] https://t.co/208eQbYKEF

[Free Art of Investing] https://t.co/bHvUqnpiTE

[Paid IIC Dec 2020 on SeQuent] https://t.co/3iDO438Et9

[Charity fund raise on Unseen Trends in Biotechnology] https://t.co/eNi1x1qwhH

[Q&A on APIs] https://t.co/EQGz007a9S
— Conviction | Patience (@unseenvalue) July 25, 2021

Sajal Kapoor
@unseenvalue

Proof of pudding is in eating

https://t.co/WhcL2pcTaJ

#Biocon @RemindMe_OfThis on 1 May 2022

Sajal Kapoor
@unseenvalue

Infra vs Compounder. Get poor fast vs Get rich slowly (unless you buy at the bottom and "luckily" survive the bankruptcy/mortality risk to ride the subsequent fast recovery and then turn "lucky" again to exit in good times resisting your irresistible greed).

Conviction | Patience
@unseenvalue

Biosciences is the space to track and follow globally. Sector offers extra large opportunity landscape. Shared the full thesis in that April webinar. Convinced that 🧬 will throw many big compounders in next few years.

#Fermentation #Biotechnology

Sajal Kapoor
@unseenvalue

Doesn't matter what's the market cap is - micro or large, the quality of any business is never unseen. You screen through the last 5-10 years of balance sheet and cash flows and you'd know what can and cannot compound wealth. Narrative alone is useless. Numbers have to match.

Conviction | Patience
@unseenvalue

Paraphrasing @tusharbohra on @IIC_Conference today ::

"If 10 commodity companies are doing capex at the same time, it signals a peak. If 10 companies in Chemicals/API/Pharma are doing capex in different products at the same time - it probably signals the start of a New Era" 🇮🇳🇮🇳

Conviction | Patience
@unseenvalue

Unseen rule 1 :: whatever be the reason, never justify the valuations of a rising stock price

Unseen rule 2 :: whatever be the reason, never defend the quality/reason of a falling stock price

Unseen rule 3 :: never react in an impulsive manner to a rising/falling stock price

Sajal Kapoor
@unseenvalue

The comment from renowned investor was in a lighter vein. You ought to listen to the tone. He was spot on in comparing the capability and scale of two businesses, as both started around the same time - one could scale up, whilst other couldn't. Let's not read too much into it 🙂

In an example of how deeply ingrained misogyny is in the Indian system, billionaire investor Rakesh Jhunjhunwala asked the management of Jubilant Pharmova: \u201cHow can we be lower than the lady? We have to beat her,\u201d in a slighting reference to @kiranshaw.
https://t.co/1dkZ9JMLLr
— Dr. Kailashnath Koppikar (@koppik) June 26, 2021

Sajal Kapoor
@unseenvalue

If your salary / incentives are not dependent on the next quarter earnings, just relax!

No one has any idea where the stock is going in the short term. Your paid advisors definitely haven't got any idea. They're just making it up, so you stay with them.

Key word :: quarter

Sajal Kapoor
@unseenvalue

@harindersnanda @FortuneIndia https://t.co/64WUswITen

Listen to this one (timestamp 2:35)
#KRAS mutation

Sajal Kapoor
@unseenvalue

Attended #Rallis AGM last week. Not seen a better AGM in the Chemicals sector. Went for nearly 3 hrs and Mr Bhaskar Bhat (Chairman) and Mr Sanjiv Lal (CEO) answered every question raised in detail.

Extract from Annual Report of #RallisIndia

Emphasis on Biotechnology in Crop Nutrition & Seeds business

Capex Plans \u20b9800 Cr next 5 yrs. \u20b9200 Cr approx in FY22, largely be funded from internal accrual

Thanks to @unseenvalue @ishmohit1 for their Webinar on Biotechnology

(1/2) pic.twitter.com/CCAS72KlN2
— Soumen Chatterjee (@Aries_Martian) June 27, 2021

Sajal Kapoor
@unseenvalue

Journey from deep-hatred (नफ़रत) to deep-love (इश्क़) creates massive valuations re-rating from below 1x sales and 1x book value to anything from 5x to 20x sales and a multiple of book value.

Sajal Kapoor
@unseenvalue

Context ::

https://t.co/jKwBEs81CB

Listen from around 2:21:00

#CDMO

Conviction | Patience
@unseenvalue

Top 5

The Almanack of Naval Ravikant
The Psychology of Money
The Wealth of common sense
Masterclass with super investors
100 Baggers

Which are the books in your re-read list?

Mine as Follows \U0001f447

The Psychology of Money
The Wealth of common sense
100 Baggers
Once upon a wall street
Masterclass with super investors
Atomic Habits
Richer, Wiser, Happier
— Investment Books (@InvestmentBook1) October 8, 2021

Sajal Kapoor
@unseenvalue

Mr. Rakesh Jhunjhunwala asked great questions on CDMO. Made me Jubilant on Zooming😉

Authors Conviction | Patience