Notes on Annual Reports of the Stocks from our Watchlist

Karan Patel

We have been reading the latest Annual Reports of the companies we are tracking.

This is our second post where we’re sharing our notes on  Annual Reports of the 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 the future. The purpose of this post is to bring clarity in our understanding of the businesses we are tracking. Putting it up here makes it easier for us to refer them at a future date.

 

Read More

Notes on Annual Reports of the Stocks from our Watchlist

Ankit Kanodia

We have been reading the latest Annual Reports of the companies we are tracking.

In this post, we’re sharing our notes on  Annual Reports of the 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 the future. The purpose of this post is to bring clarity in our understanding of the businesses we are tracking. Putting it up here makes it easier for us to refer them at a future date.

 

Read More

Demystifying ROE- A lot to scratch beneath the surface

Ankit Kanodia

Return on Equity (ROE) is often hailed as the most important metric in judging the efficiency of a business. It is indeed an important metric. Legendary investors around the world have repeatedly highlighted ROE and its importance in investment decisions. One of the world’s most famous investors, Warren Buffett, has time and again expounded on the importance of ROE.

But the matter of fact is that very few new investors have a thorough understanding of ROE and its composition. So, the purpose of this piece of writing is to provide clarity on the concept of ROE and to lay down a practical framework as to how one should use the same to gain insights into the working of a business or an industry.

Simply put, ROE is a measure of profitability that calculates how many rupees of profit a company generates with each rupee of shareholders’ equity.

Read More

Image Credit: Markus Spiske on Unsplash

Stocks We’re Watching

Karan Patel

This is the seventh and the last post in our quarterly update series for Q1 FY20.

In this post, we’re sharing the latest updates of the 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 the future. The purpose of this post is to bring clarity in our understanding of the businesses we are tracking.  We make our notes on the quarterly results and conference calls. Putting it up here makes it easier for us to refer them at a future date.

You can see the earlier updates here.

Read More

EXCITING NEWS FOR FREE, IN EXCHANGE FOR YOUR ATTENTION

Ankit Kanodia

I was researching a company as a potential investment opportunity in the Indian stock market.

I started reading about the history of the company. 

Clicked on a youtube link on its website.

It was a short five-minute video. Very useful.

Then something interesting happened.

On the right side of the youtube page, I was prompted for a video.

It was Yuval Noah Harari. A renowned historian and author.

And also one of my all-time favorites. I was hooked.

I specifically liked this part in the video:

I will address the fake news question, not because it is the easiest to solve, but also because it is the most relevant to what you are doing in Google. And I would say that the current incarnation of the fake news problem has a lot to do with the model of the news and information market. We have constructed a model which basically says, EXCITING NEWS FOR FREE, IN EXCHANGE FOR YOUR ATTENTION.

I was blown away by this last phrase.

Read More