It's hard to read a long form essay amidst frenzy of quarterly earnings season. Then again, that frenzy is why this essay on separating signal-from-noise in quarterly results is required.
Thanks Anand, yours is one the few voice of sanity that helps one navigate the ( news ) landscape. Thanks for guiding and reaffirming what is wise.
I started investing in 2009, and let me admit I knew very little( still an amateur ), I was fortunate to be introduced to investing via the great man, Warren Buffett, and as they say it all matters who you look up to. I was lucky to have discovered Warren albeit a bit late in life, focus on quality , don't overpay and do nothing is what I have done mostly in the last fifteen years and as a result compounded at good clip .
I bought Titan at 38 in 2009, and soon it may be a 100 bagger and also the HDFC twins helped me last decade , though it's testing me for the last four years ,thanks to inputs from some of the best , I have stuck to HDFC bank since they have gained market share and the numbers have been impressive.
Was listening to Anthony Deden few years back , he had invested in Safra bank and the stock didn't move for 4 years , in the 5th year HSBC bought it at six times the rate Deden had paid .
Pulak's insight on some of Nalanda'a investments not doing much for few years and later doing exceptionally well was also a great insight in to tracking what matters.
Thanks to you all people like us learn so much ,thanks once again and keep writing and educating.
Hi Anand, been a regular reader of yours since Covid and have greatly benefited from that as well. This piece on quarterly earnings was spot on and much needed. I have a request, would you consider publishing either an investment memo or a case study which will help us understand your valuation buffers while buying ( you have been writing about the right entry valuation and the fund itself has not initiated major positions post Covid). Pulak's book has also been on identifying the right companies , but the right price still eludes many of us and we could do with you help here . Thank you !
Fantastic write up. The very best which has come up on this stack. Thanks for such a simple writing on such a complicated topic. I always used to think while analysts would do their quarterly business on their laptop,companies have to slug it out in the jungle for 90 days and these two just can't be compared whatsoever. You proved it by this written masterpiece.
Thanks Anand, yours is one the few voice of sanity that helps one navigate the ( news ) landscape. Thanks for guiding and reaffirming what is wise.
I started investing in 2009, and let me admit I knew very little( still an amateur ), I was fortunate to be introduced to investing via the great man, Warren Buffett, and as they say it all matters who you look up to. I was lucky to have discovered Warren albeit a bit late in life, focus on quality , don't overpay and do nothing is what I have done mostly in the last fifteen years and as a result compounded at good clip .
I bought Titan at 38 in 2009, and soon it may be a 100 bagger and also the HDFC twins helped me last decade , though it's testing me for the last four years ,thanks to inputs from some of the best , I have stuck to HDFC bank since they have gained market share and the numbers have been impressive.
Was listening to Anthony Deden few years back , he had invested in Safra bank and the stock didn't move for 4 years , in the 5th year HSBC bought it at six times the rate Deden had paid .
Pulak's insight on some of Nalanda'a investments not doing much for few years and later doing exceptionally well was also a great insight in to tracking what matters.
Thanks to you all people like us learn so much ,thanks once again and keep writing and educating.
Aniyan
1. Buy good businesses
2. Don't over pay
3. Do nothing
-- Terry Smith
Hi Anand, been a regular reader of yours since Covid and have greatly benefited from that as well. This piece on quarterly earnings was spot on and much needed. I have a request, would you consider publishing either an investment memo or a case study which will help us understand your valuation buffers while buying ( you have been writing about the right entry valuation and the fund itself has not initiated major positions post Covid). Pulak's book has also been on identifying the right companies , but the right price still eludes many of us and we could do with you help here . Thank you !
Fantastic write up. The very best which has come up on this stack. Thanks for such a simple writing on such a complicated topic. I always used to think while analysts would do their quarterly business on their laptop,companies have to slug it out in the jungle for 90 days and these two just can't be compared whatsoever. You proved it by this written masterpiece.