Kaji Katlu

Over the past 2 months, I’ve tracked market views from India’s top fund managers. Summarised everything into this sheet — easy to scan, rich with insights. Useful for long-term investors who want to see where smart money is headed. RT if you like. 👇 #gid=0" target="_blank" rel="nofollow noopener">docs.google.com/spreadsheets/d…

Pretty earnings. Empty bank account. "However attractive the earnings numbers, we remain leery of businesses that never seem able to convert such numbers into no-strings-attached CASH." — Warren Buffet, Berskhire Letter 1980

"A cheap price on a bad business is an illusion. You're buying someone else's headache at a discount." "The same energies and talent are much better employed in a good business purchased at a fair price than in a poor business purchased at a bargain price." -Warren Buffet, 1979

Warren Buffett's rule on portfolio sizing: "We avoid buying a little of this or that when lukewarm. When convinced — we buy worthwhile amounts." Most investors do the opposite. They diversify out of indecision, not wisdom. — Berkshire 1978

Starting a new series: lessons from the greatest investor letters ever written. Starting today from the beginning — 1977. "Pick the right business. A great manager in a bad business is fighting a losing battle." - Warren Buffett (1977)

"Can't call winners yet, but Google appears best positioned in AI race currently. Has hardware, model layer, software distribution, global user base — full-stack AI ecosystem." - Mr. Ronak Onkar (Fund manager, PPFAS Mutual Fund) No recommendation.

"Until growth visibility improves beyond mid-single digit, IT sector will struggle to outperform. AI to be deflationary for IT services sector" - Mr. Ankit Jain (Fund Manager, Mirae Asset Management) Other points below. No recommendation.

Portfolio is bleeding. But this is the time to prepare. Sharing the notes from the recent interview of Mr. Pankaj Tibrewal (Ikigai) on how to pick strong businesses amidst the noise. He speaks about fundamentals, forensics and avoiding mistakes (with examples). MUST READ!!

"If the AI bubble bursts, Indian markets will actually benefit as FII money rotates out of AI froth" -Mr. Sandeep Bhatia (MD, Macquirie Capital) Other points below. No recommendation.

"Within IPOs, participated in Groww and avoided Lenskart" "Increased exposure to metals in portfolio" - Mr. Aman Chowhan (Fund manager, Abbakus Asset Manager LLP) Other points below. No recommendation.

₹30 crores in 19 months. From ₹0 to thousands of crores. Raamdeo Agrawal breaks down QGLP, growth mindset, and why he never stays in cash — good times or bad. Timeless lessons for serious investors.

"City Union Bank and Aditya Birla Capital remain our top picks" -Mr. Suresh Ganpathy (MD, Macquarie Capital) Other points below. No recommendation

"Tech sector has shown its first earnings upgrades (1–2%) after 4–6 quarters of downgrades. Calendar year 2026 could see better IT allocations, supporting a turnaround." - Mr. Trideep Bhattacharya (CIO, Edelweiss AMC) Other points below. No recommendation.

"Worst seems behind for markets; consolidation possible near term, but the 12–18 month outlook remains constructive and positive" -Mr. Pankaj Tibrewal (Founder, Ikigai Asset Managers) Other points below. No recommendation

25+ years in markets. ~₹5 lakh crore AUM. CEO of Kotak AMC. Mr. Nilesh Shah breaks down India’s market outlook — fear vs FOMO, gold & silver strategy, AI disruption, and why sustaining valuation is India’s next big test.

"Buying Tata Capital at ₹1,000+ shows investors had no idea of valuation or price-to-book; they just bought the name" "A belief spread that private markets make more money than listed ones, which is completely untrue." -Mr. Vikas Khemani (Carnelian Capital Advisors) No reco.

*Mr. Vinit Sambre (Head of Equities, DSP MF)

"Indian companies likely won’t benefit from the first wave of AI which is focused on hardware and implementation. When the services component grows, Indian IT firms should gain share." - Mr. Vinit Sambre (CIO, DSP MF) Other points below. No recommendation.

"Current valuations already build in most negatives of near-term slowdown; positive on IT sector from here. More positive on large cap IT from valuation point of view" - Karthikraj Lakshmanan (Fund manager, UTI AMC) Other points below. No recommendation.

"We have a very rare situation in last 7–8 years where both urban and rural are looking good." - Gautam Duggad (Head of Research, Motilal Oswal) Other points below. No recommendation.

From a 600 sq ft home to becoming one of India’s most respected investors. Manish Chokhani shares lessons on purpose, karma, markets & money — a masterclass in life and investing. Sharing some key points below. MUST WATCH!