This was great .Its particularly difficult for retail investors to evaluate aquisitions made by pint sized software platform businesses.They show 70 % of their profits from selling earlier aquisitions.God knows how to evaluate the aquistions if they are east asian startups.Fruity names also creates doubt .
Great read. Only new vocabulary has emerged - pivots, finding adjacencies, exploring synergies, democratizing value to customers. Wines are the same - bottles are'nt too different but the labels eh ? Ah they are always shiny and attractive. Aren'nt they ?
Hi Anand, It is excellent article focusing the loose thread , we are already stock market spectators which company is bowling googly to outwit the ignorant and ignorant spectators, It is an article where one can read for posterity . there is no self indulgence it is intellectual frankness where anyone can learn the pitfalls of modern day investing. DR Venkateshan
Great perspectives Anand. Esp. relevant in this era of unicorns/ decacorns which somehow can't find a way to invest their mega IPO funds (or what's left after their promoters have taken out their share) in the business, but carry blank cheques to invest far and wide, sometimes in 'far out' ventures (or so it seems to 'uneducated' folks raised on bogeys of 'unrelated diversification' of last century).
very interesting.. I remenber a similar case, Gujarat based packaging company was coming out with IPO in 90s..I used to sell industrial products, went to Baroda factory to see if I have a chance to sell anything.. It was a broken building with poor watchman 60+ year old "guarding" structure.. Clear case of NOT investing. Company came out with IPO , disappeared in 2 years
This was great .Its particularly difficult for retail investors to evaluate aquisitions made by pint sized software platform businesses.They show 70 % of their profits from selling earlier aquisitions.God knows how to evaluate the aquistions if they are east asian startups.Fruity names also creates doubt .
Great read. Only new vocabulary has emerged - pivots, finding adjacencies, exploring synergies, democratizing value to customers. Wines are the same - bottles are'nt too different but the labels eh ? Ah they are always shiny and attractive. Aren'nt they ?
Hi Anand, It is excellent article focusing the loose thread , we are already stock market spectators which company is bowling googly to outwit the ignorant and ignorant spectators, It is an article where one can read for posterity . there is no self indulgence it is intellectual frankness where anyone can learn the pitfalls of modern day investing. DR Venkateshan
Great perspectives Anand. Esp. relevant in this era of unicorns/ decacorns which somehow can't find a way to invest their mega IPO funds (or what's left after their promoters have taken out their share) in the business, but carry blank cheques to invest far and wide, sometimes in 'far out' ventures (or so it seems to 'uneducated' folks raised on bogeys of 'unrelated diversification' of last century).
Hi Anand,
An excellent article.
I am glad people like you are on twitter and substack sharing their invaluable knowledge. It is people like you who hold out HOPE for Social Media.
I always thought how come you do not have the twitter following you deserve - answer - you are sensible and dont hand out TIPS.
More power to you. Waiting for more.
PS - Your article length is perfect - neither too short nor too long to scare off / bore people.
Loved the article Giga. Pls do not limit the self indulgence... it makes for a fun read... :)
Wonderful post. My key takeaway was that there's no substitute for grunge work, no matter where one is in their investing journey.
very interesting.. I remenber a similar case, Gujarat based packaging company was coming out with IPO in 90s..I used to sell industrial products, went to Baroda factory to see if I have a chance to sell anything.. It was a broken building with poor watchman 60+ year old "guarding" structure.. Clear case of NOT investing. Company came out with IPO , disappeared in 2 years