learningcurve
198 posts
How a Rs. 50,000 AUM Fund, Nalanda Capital thinks:
“Remember, the richest people in the world owned one good business for generations without selling a share. I
get to own a whole basket of good businesses. Lucky me. I better not jinx it.”
“I have got a good deal on a business with low risk, tons of cash and wide moat, what’s the dumbest thing I can do? Give it up. Smartest thing? Give it time. Lots of time.”
- by Anand Sridharan (Partner at Nalanda Capital)
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@SanaSecurities @SanaSecurities, you wrote this article way before its time.
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@safiranand @Ronitper @safiranand , but if you look at it . They bought voltamp in 2010 at 900 . Price did not budge for 5-6 years and then 15000 high . But yes you are right , 15 year ka khela hai , but great returns !
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So silent that exchanges reported it, media reported it and stock rose for a day and then came back to deciding let nos talk.
Incidentally they own so many stocks like matrimony too with almost 6-7 years of no return, so cloning may not always work unless you can hold for 15 years or so as nalanda certainly can
Ronit Pereira@Ronitper
Pulak Prasad's Nalanda Capital has silently acquired 5.14% of Indiamart Intermesh over past 3 Months. Total Value of stake is a massive Rs. 650 Crores. Stock is trading at 20x PE, 14x EV/EBITDA. Not a Reco.
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Do you have any 5+ years buy and hold stocks in your portfolio ? If yes, write the name and thesis that why it deserves to be held for longer irrespective of stock, sector and market cycles ?
kumar saurabh@suru27
Latest chatter has been around . Buy and Hold not working because HDFC, Asian paints etc did not work Few months back, attended TIA bullet proof investing session and there was a very interesting session by one of my all time favourite fund manager , Sumeet Nagar from Malabar who presented on what he would not have sold what he sold and churned and what he got out of this churn The thesis was interesting enough to look at buy and hold but with nuances to the process. You can't just buy at any valuation and hold if growth and execution is missing Personally, I am interested in buy and hold on very selective cases where want to play next 2-3 cycles which means see a possibility n execution should continue and valuations should remain fair from. Future expected return perspective. But in current disruptive world , such decisions are not easier . However, I won't blindly say buy and hold does not work anymore Out of whole portfolio , 2 stocks been buy and hold despite going through one or more bear cycle in last 4 years.
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Ask me any Stock in this thread and I will share the Fundamentum view !!
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I deployed 5% of my cash today into small- and mid-cap stocks, specifically Advanced Enzyme Technologies, Indoco Remedies, Vaibhav Global, and Greaves Cotton.
My remaining cash position is 10%.
Disclaimer: I am invested and biased.
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@SridharanAnand @abhishec_s BUGGY dude @SridharanAnand ,isn't this ehat matrimony is doing . Protecting balance sheet and compromising P/L
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@abhishec_s Not specific to this example but assign primacy to maintaining competitive position. Compromise P&L if required, avoid compromising balance sheet. Eroding competitive position will eventually dent margins, so might as well sacrifice some of it now to stave off that outcome.
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1. Should you ever sacrifice margin for higher growth?
2. How much margin is worth a specific increase in growth?
3. What happens if you give up those margins and not get growth?
4. Does this strategy change based on market leadership or category penetration?
abhishek@abhishec_s
Dominant franchise. A global brand. What happened here? What was the mistake the business made, if any?
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@WesleySam7 Beta Sammy, don't worry about your real father. He has been around a long time in this game
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@SamitVartak @amangpta01 Try to coordinate this with the billions of people in this world . Impossible .
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@amangpta01 That can continue. Only work commute will be good enough. Oil is very sensitive to even small incremental demand increase or decrease
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Given that oil price is the biggest impact India and many other countries are facing today because of the war, a coordinated effort to reduce fuel usage may help reduce major impact. During COVID the world went into a complete shut down and oil prices had dropped to below $20 and futures had crashed to -$37 in April 2020. Maybe we can introduce partial work from home and keep industrial activities open, and I am sure this itself (if done globally) will help correct oil prices significantly. For India will help our trade deficit as well as lower pressure on our currency in addition to lowering input costs for many industries thereby reducing impact on profitability. COVID helped us develop and test technologies and platforms that made work from home easy and this may be a very good time to use them until war uncertainties remain. @narendramodi @nitin_gadkari @nsitharaman
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More than Crude,
this is the best indicator - US 10Y bond yeields.
Bond yields have started spiking.
Once it crosses 4.5, I expect Trump to panic and back off !!
Next few days will be interesting, something BIG can happen tonight either way.
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@shiladitya4u Hope you bought deedev !!!!. Come to your buying price 😜
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This is my BUY-ON-DIPS list,
Which I have on the whiteboard beside my desk.
So far, none of the stocks have hit these levels..
Lets see.. might get some opportunities next week!!
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Nalanda Capital:
> Bought Ratnami shares at ₹128 in 2010.
> For the next 4 years, the stock did nothing.
> Then in 2015, it went up 5x.
> Today, it's at ₹2,311.
They believe in permanent ownership of great businesses.
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@Ajay_Bagga Will stop if they don't let the Americans use their bases !! That's impossible .
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The Iranian President has announced that attacks on neighbours will stop.
However, minutes after his address there were sirens over UAE and Bahrain.
We have to wait and watch for actual implementation of his word.
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@1shankarsharma @palakshahjourno Iranians are jihadis . They will take everyone else down with them . Worst is yet to come.
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@palakshahjourno I really don't think you know enough about the armaments with Iran. Do some real deep dive and you might be surprised. And the tactics getting used by them is vastly different from the past
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One Thing Emerges Crystal Clear!!
Iran has ZERO real firepower left 🚨
Outdated jets, missiles mostly theater—no punch
No match for US+Israel🇮🇱🇺🇸
In desperation, lashing out at Dubai, Iraq, Bahrain, Saudi... but most fizzle out.
Impacts? Minimal
War's basically over 🇮🇱🇺🇸
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@AnupamMittal @FinMinIndia @nsitharamanoffc You are a man with no (-100) honour . First you take money from Westbridge and you don't end up giving them an exit .
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Don’t know the full story behind fino payments CEO, Rishi Gupta’s arrest, but overreach by tax authorities & judiciary are common. I am also fighting baseless FIRs right up to Supreme Court. @FinMinIndia @nsitharamanoffc We must get rid of these onerous provisions and create an enabling environment if we want world-beating companies coming out of 🇮🇳
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@SridharanAnand @SridharanAnand , what is Donald upto . Has he been bugged by the chilly chicken benne dosa ?
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Filed under important but will not get media coverage
ANI@ANI
Six suspects arrested from Tamil Nadu for planning a major terrorist plot with the support of Pakistan's intelligence agency, ISI, and Bangladeshi terrorist organisations. Delhi Police are bringing all the suspects from Tamil Nadu to Delhi. A Bangladeshi citizen is among the arrested suspects. Dozens of mobile phones and SIM cards have been recovered from them: Delhi Police
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@sanhelmet @JamesClear @sanhelmet , you are the only shareholder above 1% who did not tender shares to matrimony buyback.
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3-2-1: On the value of early experiments, what creates trust, and speed vs patience jamesclear.com/3-2-1/february… by @JamesClear | Wonderful quotes all around. My fav: "Trust follows consistency...The person in the relationship who shows up reliably... earns the trust of the other."
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