Meeting with the Founders of Finception

Finception, with its original and refreshing style of writing on Indian stock market, has caught an attention of many in a short span of less than a year.  We at SSIAS, just could not wait to meet them and know their story. When we contacted one of the founders, Shrehith, he was kind enough to immediately give us an appointment for the same day.

We walked into the CIIE building of IIM Ahmedabad, trying to locate the office of Finception. We entered a room and found that a few college students were working on some projects. I asked one of them:

“Can you please let me know where the office of Finception is?”

He replied, “Hi, I am Shrehith. You chatted with me. This is Finception’s office. Welcome.”

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What We’re Reading

There is one activity that an investor can never over do — reading.

But it’s important that you read things that build your knowledge and help you make better investing decisions. Avoiding the noise is as crucial as reading the timeless stuff.

In this post, we’re sharing few good pieces that we came across this week …

Successful Investing Requires Both Humility And Arrogance

I would argue that an investor should have roughly equal doses of arrogance and humility to be able to perform well. The arrogance would allow him to stay apart from the crowd and believe in his own logic and objective reasoning, while humility would keep him grounded and not be seduced by hubris which would lower the quality of his investment decisions.

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What We’re Reading

There is one activity that an investor can never over do — reading.

But it’s important that you read things that build your knowledge and help you make better investing decisions. Avoiding the noise is as crucial as reading the timeless stuff.

In this post, we’re sharing few good pieces that we came across this week …

You have to live it to believe it

In theory people should make investment decisions based on their goals and the characteristics of the investment options available to them at the time (things like valuation and expected return). But that’s not what people do. The research showed that people’s lifetime investment decisions are heavily anchored to the experiences those investors had with different investments in their own generation – especially experiences early in their adult life.

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Stocks We’re Watching

This is the eighth and the last post in our quarterly update series for Q3.

In this post, we’re sharing the latest updates from the last set of seven stocks from our watchlist. Please don’t treat this as a buy recommendation. We find these businesses interesting and we may build position (or buy more of those that are already in our portfolio) in them in future under these two conditions —

  1. Their business continues to do well and,
  2. They are available at valuation which we find reasonable with sufficient margin of safety.

We have made notes from their quarterly updates and the analyst conference calls and sharing that information with you here.

You can see the earlier updates here.

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Quarterly Newsletter to Clients

We at SSIAS always keep in mind our fundamental role of protecting our client’s capital and growing it at adequate rate. This is why we write to our clients on a quarterly basis and communicate our thoughts and investment philosophy.

In our quarterly newsletter to clients, we not only present our performance but also internalize as to what has worked and what has not. Hence, the whole process of writing actually helps us in improving our investment thesis.

Recently, we sent out our latest letter to clients and we believe that our blog readers will find that letter useful. You can download the letter by clicking here.

If you’d like to read our past letters, you can click here.

What We’re Reading

There is one activity that an investor can never over do — reading.

But it’s important that you read things that build your knowledge and help you make better investing decisions. Avoiding the noise is as crucial as reading the timeless stuff.

In this post, we’re sharing few good pieces that we came across this week …

When tech knows you better than you know yourself

Harari says, “I would say that, get to know yourself much better and have as few illusions about yourself as possible. If a desire pops in your mind don’t just say well this is my free will. I chose this therefore it’s good, I should do it. Explore much deeper. Secondly as I said join an organization. There is very little you can do just as as an individual by yourself. That’s the two most important pieces of advice I could give an individual who is watching us now.”

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