Category Archives: Uncategorized

My key learning from J P Morgan Chairman’s letter from 2005-16

I know many of you would have already read Jamie Dimon letters to JP Morgan shareholders, if anyone has not .. Please do read all letters in full from 2005-10 and selectively from 2011-16… Few important takeaways for me are … Continue reading

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Interpreting Seth Klarman quotes using Howard Marks Memos

Couple of years back I tried to compile Howard Marks memos from 2001-2011 in a 75 page document. It was quite a learning experience for me to go through this document again. You can download this document from here. I … Continue reading

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Lakshmi Machine Works – Process Vs Outcome

“The thing I like to say here is the idea of process versus outcome. The world looks at outcomes but really should look at the underlying processes that produce those outcomes. I believe one should focus on INCREASE IN INTRINSIC VALUE rather than increase/decrease in share price to judge whether the process was right or wrong. Continue reading

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Good Business Vs Bad Business for Investors? No its Just NOT dependent on HIGH ROE.

Acknowledgement: In no way I would like to take any claim for the below finding. The below finding stuck me while re-reading all the interviews of Mr. Bharat Shah. The concept of Good Business and Bad Business is inspired from the post … Continue reading

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Aeonian Investments – losses capped but upside Highly uncertain

Aeonian Investments co. Ltd [BSE code  AEONIA] is an investment company which holds 1) listed equities 2) real estate property 3) stake in unlisted company of one of its promoter company [Mazda]. Promoters hold 87% stake in the company and … Continue reading

Posted in Special Situations, Uncategorized | Tagged , | 1 Comment