Neil Bahal

@CA_Shubham_Ko Well said bhai.

Couldn't agree more. Most investors spend hundreds of hours studying annual reports, but never spend a few hours seeing how the business actually operates. Management presentations tell you the story. Factory visits tell you whether the story is true. In investing, ground reality is often the ultimate scuttlebutt. 🔍📈

I deeply feel that investors should do factory visits regularly. After a few visits, just the factory gate manners will give clues on what could be expected inside and what is gas and what narrative is real.

At the end of the day, behavioural edge is probably more important than analytical edge?

At the end of all this (whenever the light at the end of the tunnel comes), many would wonder, "why the hell didn't we get in at those valuations?"

Happy Ram Navami everyone. 🙏

@MoSalah Ynwa Mo! You're a legend.

A structural decline of Oil dependency is no longer just a theory. A potential super cycle in the offing towards Electrification, Electric Vehicles, Green Hydrogen etc. Energy transition is potentially a defining macro trend for the next decade and beyond.

I only speak the truth :)

Experienced equity investors :)

@chiragchhajer @burmaburmaindia Hi Chirag, Negen Capital is privileged to back Burma Burma. Your discipline on unit economics and execution makes it easy for us to be patient capital :)

We’ve taken over 12 years to open only 21 @burmaburmaindia outlets, and I think it’s worth talking about. In today’s VC and PE funded world, this is the opposite of blitzscaling. And in a world full of ESOPs, Series ABCDE news and so much more, it has taken a lot of restraint in managing how we grow Burma Burma. Given this isn’t madness, but pure method, wanted to share a few things that we’ve made our strategy’s cornerstones: Clustering: We now have 6 outlets in Mumbai MMR. While Mumbai is home for Ankit and me, it is also one of the largest metro clusters in India. We’re working on a similar strategy for Delhi and Bangalore, and they will continue to form the backbone of our network in the years to come Unit Economics: To paraphrase a not very famous bollywood dialogue- we don’t leave old relationships to form new ones. Our existing network restaurants and their growth is equally important to us as making new outlets profitable. I’d dare say Burma Burma has one of the industry’s best breakeven timelines, even as we continue to open new outlets at scale Going Hybrid: This part of our journey is still growing- apart from dine in and delivery, we are steadily growing the pie of pantry items- chips, sauces and so much more coming up These decisions are the opposite of haste, and we’re insanely lucky to find patient capital at each stage of our growth. @NeilBahal

Someone shared a screenshot of a stock report made on Claude. I cannot believe people are losing their mind over this. 🤌

Yesterday, a research firm posted a 2028 simulation of a deeply integrated AI world and the US stock market fell drastically. I went through the report. My honest take, it doesn't even qualify as a movie script. I'm really surprised that the mkt fell like that. 🙈🙉🙊

Humans find a way. A golden age is potentially on the cards. Not something to be scared of.

In 1900, 'App developer' wasn't a job profile. As technology developed, industries vanished, new roles and industries emerged. Yes, job losses will happen in current structure, but new roles like AI output auditor and bunch more new job profiles will emerge. Don't stress.

Too much in shock to hear about Siddhartha Bhaiya. I can definitely say he was one of the top minds. Respected by all. I'm just too shaken to hear about this. Om Shanti 🙏

My new year's thought. The real problem, even for the best of investors is 'Good times complacency'. Everyone's got their process which works excellent when mind's completely focused. But in excellent and easy times, even the best of the best make investments which don't tick all boxes. Just this should be monitored and good, long term CAGR will be made by most patient, decent investors. Let's do our best. Let's go, India!

@Shras007 Hi Sharath, the next call will be in February, most likely. Would request you to email or whatsapp me for more details.

@NeilBahal Hi Neil, when will you have next call for Negen Angel Fund investors.?? Also was looking for updates in Burma series C deal completion date?

Thanks for the great response everyone. We are closing the Google form now and we will reach out to the profiles most suitable. 🙏

Hi folks, I am looking for a couple of Ninja level research analysts with a keen interest in Special Situations. Must breathe Demergers, Open offers, Delistings etc. Personality must include insane work ethics, extreme curiosity, hours of non stop reading ability. *You will work directly with me. *Please don't message here or DM me. Kindly fill the Google form below and we will reach out to you. forms.gle/cAkVSQWQuuuxmN…