Kashish Shambhwani

Koreans are surrendering life insurance policies to buy SK hynix, Insurance surrenders at the top 3 life insurers jumped 16% last quarter. Savings bank deposits fell below 100 trillion won for the first time in 4 years. Commercial bank time deposits dropped 12 trillion won since February. The entire financial system is being rerouted into 2 semiconductor stocks. When new money into a rally comes not from income but from liquidating safety nets, that is how the end of every cycle looks man, this is crazy ..... Investors over 50 now hold 62% of margin loans at Korea top 10 brokerages. Among those in their 60s, margin debt doubled from 3.9 to 8 trillion won in one year. These are people who spent decades in fixed deposits and real estate, now entering a semiconductor rally on borrowed money at record highs. When the KOSPI dropped 19% in March, leveraged investors in their 60s lost 20% on average. The rally recovered. same thing in smaller model happening in India - MTF, i feel this so stupid

This is the best advice. Pay attention folks Buffett’s churn was extremely high in initial years, so as the case with all the guys who have made it big. Absolute focus 🎯

Decent read! Good to learn and understand the thought process of different investors and refine one’s investment style #investmentbooks

Warren Buffett: "I've been through at least half a dozen periods where people think they're never gonna get a chance to buy securities at intelligent prices — and it always changes."

First level thinking: never miss a crisis, take advantage of cheap prices Second level thinking; biggest money is made in the last leg of bull market, you gotta be smart about it This quote sums up perfectly to maximise your gains. Keep learning and growing.

@dhruv_suraj2 It’s cheap. Just wait for growth to make a proper position as I don’t want to own a laggard, for me it’s a very small position as of now.

@kforkashish Are you also holding chembond chemical? Whats your view there if you can share😅

Bhagyanagar India: Capacity expansion from 35K MT to 45k MT Spinning off copper business into a new entity with growth plans in parent entity( Real estate) business as well ROIC improving to 20% + on a sustainable basis Disc : holding from 165 levels, continue to hold. No fresh reco. #demerger

@srt0786 It still has decent upside in my view.

@kforkashish Bhai pehle share Kiya hota to hum bhi haath dho leye

Kaushalya Logistics cancels the demerger scheme after almost an year Not only it takes longer for such companies to get a demerger done but it also involves higher cost, ill advised arrangement etc. One needs to be careful before participating in small demergers. #demerger

@HDFC_Bank is so great, I tried multiple times to club family accounts, its been 6 years, they just sleep on it I asked my RM 45 days back to give me clarity on certain charges and no response. Sad to see such a great franchisee in terrible shape.

@a_basumallick Thanks for sharing. Will watch

There were a few stalwarts of the Indian markets from whose writings I learned when I started my investing journey - Chetan Parikh was one of the few whose writings and knowledge sharing helped me a lot. He had also co-authored a great book - India’s Money Monarchs - the original Indian Market Wizards book! This is the first time I am actually seeing him. And what a beautiful session. Highly recommended for those who wish to be better thinkers and investors (in that order). youtu.be/ZUCX3uW20AI

@Shashank1171 Tested patience due to orange monkey nonsense but rewarded pretty well :)

Whatever I can figure out from the call directionally they are headed for high growth company in D2C segment with negligible competition. I let you assign the PE accordingly. Based on Mgmt. guidance of multi year 20% CAGR growth. #GRWRHITECH

Nick Sleep wrote something in his Nomad Partnership letters (2005) that every investor should read many times. Sleep posed a simple thought experiment. Take the same sequence of annual returns — +80%, +22%, +10%, +9%, +1% — and arrange them in descending order. You feel depressed. The trend is deteriorating. Now reverse them — +1%, +9%, +10%, +22%, +80%. Suddenly you feel optimistic. The momentum is building. Same destination. Completely different emotional experience. Sleep called this the 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐡𝐞𝐮𝐫𝐢𝐬𝐭𝐢𝐜 — 𝙩𝙝𝙚 𝙗𝙧𝙖𝙞𝙣’𝙨 𝙩𝙚𝙣𝙙𝙚𝙣𝙘𝙮 𝙩𝙤 𝙬𝙚𝙞𝙜𝙝𝙩 𝙧𝙚𝙘𝙚𝙣𝙩 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙢𝙤𝙧𝙚 𝙫𝙞𝙫𝙞𝙙𝙡𝙮 𝙩𝙝𝙖𝙣 𝙙𝙞𝙨𝙩𝙖𝙣𝙩 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚. It is, as he noted, the phenomenon that has sold a thousand mediocre mutual funds that appear, momentarily, to have a pulse. But 𝐡𝐞𝐫𝐞’𝐬 𝐭𝐡𝐞 𝐝𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐬𝐢𝐠𝐡𝐭 he was building toward. 𝐌𝐨𝐬𝐭 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬, 𝐰𝐡𝐞𝐭𝐡𝐞𝐫 𝐭𝐡𝐞𝐲 𝐫𝐞𝐚𝐥𝐢𝐳𝐞 𝐢𝐭 𝐨𝐫 𝐧𝐨𝐭, 𝐚𝐫𝐞 𝐨𝐩𝐭𝐢𝐦𝐢𝐳𝐢𝐧𝐠 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 — 𝐟𝐨𝐫 𝐡𝐨𝐰 𝐭𝐡𝐞 𝐫𝐢𝐝𝐞 𝐟𝐞𝐞𝐥𝐬 𝐪𝐮𝐚𝐫𝐭𝐞𝐫 𝐭𝐨 𝐪𝐮𝐚𝐫𝐭𝐞𝐫, 𝐲𝐞𝐚𝐫 𝐭𝐨 𝐲𝐞𝐚𝐫. 𝐓𝐡𝐞𝐲 𝐚𝐜𝐜𝐞𝐩𝐭 𝐭𝐡𝐞 𝐫𝐢𝐬𝐤 𝐨𝐟 𝐨𝐜𝐜𝐚𝐬𝐢𝐨𝐧𝐚𝐥 𝐥𝐚𝐫𝐠𝐞 𝐥𝐨𝐬𝐬𝐞𝐬 𝐢𝐧 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐬𝐭𝐞𝐚𝐝𝐲 𝐜𝐨𝐦𝐟𝐨𝐫𝐭 𝐨𝐟 𝐬𝐦𝐚𝐥𝐥, 𝐟𝐫𝐞𝐪𝐮𝐞𝐧𝐭 𝐠𝐚𝐢𝐧𝐬. 𝐍𝐚𝐬𝐬𝐢𝐦 𝐓𝐚𝐥𝐞𝐛 𝐟𝐨𝐫𝐦𝐚𝐥𝐢𝐳𝐞𝐝 𝐭𝐡𝐢𝐬 𝐢𝐧 𝐚 𝐩𝐚𝐩𝐞𝐫 𝐒𝐥𝐞𝐞𝐩 𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬: 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐫𝐨𝐮𝐭𝐢𝐧𝐞𝐥𝐲 𝐜𝐡𝐨𝐨𝐬𝐞 𝐭𝐡𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐭𝐡𝐚𝐭 𝐟𝐞𝐞𝐥𝐬 𝐛𝐞𝐭𝐭𝐞𝐫 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐭𝐡𝐚𝐭 𝐞𝐧𝐝𝐬 𝐛𝐞𝐭𝐭𝐞𝐫. 𝐓𝐫𝐚𝐯𝐞𝐥𝐥𝐢𝐧𝐠 𝐜𝐨𝐦𝐟𝐨𝐫𝐭𝐚𝐛𝐥𝐲 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐩𝐞𝐨𝐩𝐥𝐞’𝐬 𝐭𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐰𝐡𝐞𝐧 𝐭𝐡𝐞𝐲 𝐬𝐡𝐨𝐮𝐥𝐝 𝐛𝐞 𝐭𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 𝐝𝐞𝐬𝐭𝐢𝐧𝐚𝐭𝐢𝐨𝐧𝐬. Sleep’s alternative framework was disarmingly simple: if the destination is secure, does the path to get there matter as much as we think? If you can turn $1 into $16, does it matter whether it takes 18 years or 22 years? Mathematically, yes of course — there is a meaningful difference in annualized returns. Sleep acknowledged that. But his point was about 𝐩𝐫𝐢𝐨𝐫𝐢𝐭𝐲. 𝙈𝙤𝙨𝙩 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨 𝙨𝙖𝙘𝙧𝙞𝙛𝙞𝙘𝙚 𝙩𝙝𝙚 𝙙𝙚𝙨𝙩𝙞𝙣𝙖𝙩𝙞𝙤𝙣 𝙚𝙣𝙩𝙞𝙧𝙚𝙡𝙮 𝙞𝙣 𝙥𝙪𝙧𝙨𝙪𝙞𝙩 𝙤𝙛 𝙖 𝙨𝙢𝙤𝙤𝙩𝙝𝙚𝙧 𝙟𝙤𝙪𝙧𝙣𝙚𝙮 — 𝙨𝙚𝙡𝙡𝙞𝙣𝙜 𝙜𝙧𝙚𝙖𝙩 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨𝙚𝙨 𝙖𝙛𝙩𝙚𝙧 𝙖 𝙙𝙞𝙛𝙛𝙞𝙘𝙪𝙡𝙩 𝙮𝙚𝙖𝙧, 𝙧𝙤𝙩𝙖𝙩𝙞𝙣𝙜 𝙞𝙣𝙩𝙤 𝙧𝙚𝙘𝙚𝙣𝙩 𝙬𝙞𝙣𝙣𝙚𝙧𝙨, 𝙙𝙚𝙢𝙖𝙣𝙙𝙞𝙣𝙜 𝙦𝙪𝙖𝙧𝙩𝙚𝙧𝙡𝙮 𝙥𝙧𝙤𝙤𝙛 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚 𝙩𝙝𝙚𝙨𝙞𝙨 𝙞𝙨 𝙬𝙤𝙧𝙠𝙞𝙣𝙜. 𝙀𝙖𝙘𝙝 𝙤𝙛 𝙩𝙝𝙤𝙨𝙚 𝙙𝙚𝙘𝙞𝙨𝙞𝙤𝙣𝙨 𝙥𝙧𝙞𝙤𝙧𝙞𝙩𝙞𝙯𝙚𝙨 𝙩𝙝𝙚 𝙛𝙚𝙚𝙡𝙞𝙣𝙜 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙞𝙙𝙚 𝙤𝙫𝙚𝙧 𝙩𝙝𝙚 𝙘𝙚𝙧𝙩𝙖𝙞𝙣𝙩𝙮 𝙤𝙛 𝙩𝙝𝙚 𝙙𝙚𝙨𝙩𝙞𝙣𝙖𝙩𝙞𝙤𝙣. 𝐓𝐡𝐞 𝐞𝐧𝐝𝐮𝐫𝐢𝐧𝐠 𝐞𝐝𝐠𝐞 𝐢𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠, 𝐒𝐥𝐞𝐞𝐩 𝐜𝐨𝐧𝐜𝐥𝐮𝐝𝐞𝐝, is not informational or analytical. The enduring edge 𝐢𝐬 𝐩𝐬𝐲𝐜𝐡𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥. The ability to hold a correct thesis through a bumpy ride, to resist the availability heuristic, to keep your eyes on the destination when the sequence of recent returns is telling a discouraging story. That is the comparative advantage that compounds. The psychological discipline to let the destination guide decisions when the journey is uncomfortable. The @nntaleb paper Sleep references is linked below — worth reading in full. scispace.com/pdf/bleed-or-b…

@amitmantri Once he told me the story about his US based ventures and how it moved billions of dollars. Sir is a visionary. Also, sir reached out few months back if any research report could be published by the sell side

From the visionary team that brought you the SEC-barred masterpiece Longfin Corp comes two new blockbusters: String Metaverse and RNIT AI Solutions. 🤡🍿 Doubt if post-Covid investors even remember Longfin.

Ok guys, what are you buying in this fall? Need to get to "40 crore" number quickly 🏃‍♂️🏃‍♂️🏃‍♂️

Nearly half an hour into a conference call on Friday to discuss first-quarter results with analysts, Customers Bank CEO Sam Sidhu revealed something unusual — up until that point, he hadn’t actually been speaking. “The prepared remarks you heard on my behalf today were delivered by my AI clone, not read by me,” Sidhu said, calling it a potential first for a public company earnings call. The point of the stunt, he said, was to underscore a broader shift happening as Customers Bank, a $25.9 billion asset lender catering to startups and small businesses, embraces artificial intelligence. Read the full story: cnb.cx/4cPAesL

@Vedansh_Ag Let the demerger go through, valuation will reset then

Sunlite Recycling with 24,000 MTPA capacity and 17,000 Ebitda/tonne selling mostly to wires & cables companies with 15cr plant & machinery is now trading at premium valuation to Bhagyanagar with 35,000 MTPA capacity and 45,000 Ebitda /tonne selling to 500+ OEM customers with 120cr plant and machinery.

@itsTarH 🚀 one of the best so far in this calendar year amidst all the volatility 🤝

At the beginning of 1970, even if you had correctly guessed that S&P 500 would deliver the highest earnings growth, you still would have ended up with the worst returns. PEG folks assume growth will justify the price. First, growth forecasts are fragile and largely out of your control. Second, even if you get them right, over long periods, starting valuations matter far more than earnings growth.