Prepare, Not Predict

Positioning portfolios to benefit from uncertainty and volatility As I highlighted in my previous post, the world is more uncertain than ever before. A majority of academicians and so-called experts are busy in predicting the impact on economy, financial markets and otherwise. None of them can have and will have any conviction of what isContinue reading “Prepare, Not Predict”

Why I am investing in Tata Power?

Tata Power Has 3 major business segments – Electricity generation via Coal T&D (Transmission & Distribution) Electricity generation (RE)- Wind and Solar Additionally, it holds coal Mines to source Coal for Electricity Generation Due to the nature of the business, Tata Power has strong and predictable cash flows on account of long-term PPAs with theContinue reading “Why I am investing in Tata Power?”

Why I invested in Delta Corp

Delta Corp has strong Assets position of 600 crore (Cash + Land)   Its liabilities (including contingent liabilities & provisions) is 200 cr So Assets- All liabilities = 400 crore It has three business segments Casinos – FCF annual = 155 crore ; ROE = 25% great business, strong barriers to entry Rapid historical growthContinue reading “Why I invested in Delta Corp”

Why did I invest in Tejas Networks

Summary- Why I am investing in Tejas Networks Tejas Networks has the current cash position ~ Rs. 200 crore + It has ready to ship inventory of Rs 250 cr + BSNL cash receivables of 300 cr Total Liquid Assets = 750 cr Its liabilities (including contingent liabilities & provisions) is 270 cr So LiquidContinue reading “Why did I invest in Tejas Networks”

What price to pay for ITC

Valuation Summary – ITC has produced net CAGR Profit growth of 14% over the past decade, mainly led by Cigarette business . However, As is evident from the below table, In last 10 years- Almost all returns have arrived from the Cigarette biz. which has been the undoubtedly the best. The segment generated significant growthContinue reading “What price to pay for ITC”

3 Pillars of Financial Freedom

There is an old saying ” Spend the interest, Never the principal ” . For a salaried employee, it translates into “Don’t spend the salary, only spend the interest income”. For people employed in private sector jobs in a dynamic and uncertain world, there is never a job surety and security. Additionally, there is noContinue reading “3 Pillars of Financial Freedom”

Utilising Lockdown to sharpen investment strategy

Covid-19 lockdown provided me sufficient time and mental peace to rethink the approach in life, my philosophies and the fundamentals I believe in. This naturally extended to reviewing my investing skills and principles, wherein I got to objectively relook at my successes/failures, and assess my decision- making approach . I am grateful to be ableContinue reading “Utilising Lockdown to sharpen investment strategy”

Life is a Test Cricket

I have always been a big fan of Test Cricket and despite the fading popularity it currently faces now, it has given me the best memories of my childhood and continue to provide me wisdom and guidance on my journey in life . The most exciting part of a test cricket is when a newContinue reading “Life is a Test Cricket”

Averaging-out Investment Principle

Auto-Investing same amount of money on a monthly basis is touted as one of the best strategies to average the buying cost. However, I was always a bit skeptical in the above principle, especially during the times when the markets are inflated in valuation . Almost all of the articles published on internet justify theContinue reading “Averaging-out Investment Principle”