Convincing Investors to invest into a scheme that "discovers" hidden angles to well discovered Blue chips, Buy them at highs, Sell them at lows AND charge a fee for all this "strategy":
Has to be the BEST marketing success of all time.
Seriously.
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Shankar Sharma
@1shankarsharma
The Great Hare.Founder: First Global.Early Amazon,Apple investor. Rafi. Jagjit. Sahir. Food. Wine. Coffee. Apolitical.
Global CitizenJoined January 2015
Shankar Sharma’s Tweets
A junior recently educated me:" Sir, money brings hollowness".
I don't know if I am weird, but money has ALWAYS brought me only Fullness.
Moral: One's attitude towards Money determines how much one has of it.
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The one incontrovertible truth is that each stock has a finite period of excess returns.
Hoping that this period will last forever, is a foolish hope trade.
Not investing.
( Eg: AMZN, FB, TSLA, HUL, HDFC Bank, Asian Paints)
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Looking at the sudden resignations of some Leaders ( Jacinda Ardem , Liz Truss), because they couldn't handle the pressure, we can only sit back and admire our Ma Durga Iron Lady, Indira Gandhi .
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I know that in investing ( in India, specially) , macros don't matter, but surely, twin deficits of double digits AND a BOP deficit ( possibly 2 years in row including FY24), must be cause for some worry in the minds of policy -makers?
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Reading Ali's "The Greatest" again,after 40 years. As well written as Open by Agassi.
He left a boxing gym where he was getting $4/ fight, to train under a better coach, for no money.
Lesson:Training under a Master Coach pays ONLY in the LT.
Winners get this.
Losers never do.
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Thru my working day, I:
- Cycle on my stationary bike for 5-10 minutes ( HIIT mode), 2-3x/ day
-Infrared sauna+deep Nitric Oxide breathing:10 mts, 2x/ day
-Kettlebell swings, 15 kgs, 20-30 swings, 2-3x/day.
That's why the book "Atomic Habits" was a waste of my time.
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Sola Bar at Raffles Palm plays some incredible Jazz on most nights . Great for unwinding after watching LC on some positions and near UC on a couple ☺️!
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Some thots on Droneacharya:
-My goal was to ensure that retail in IPO made money. That's done. Now, investors need to make their own responsible decisions
- Is it expensive?Maybe, but...growth cos can remain so a long time & if they deliver in FY24, not expensive at all
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I can understand ( somewhat) folks giving Equity to businesses such as these.
But how the @#&* does anybody give Debt?
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Saw '83 ( India WC victory) movie. Goosebumps stuff. Among other things,
Loved the bit about Indira Gandhi ordering live telecast on DD, to quell communal violence.
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First, made money through Jeff.
Now, through Mackenzie
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Always a straight shooter 🙂.
Indulging in my childhood passion for guns from Mafia- land: Dhanbad.
Firing a Glock 17 & Beretta rifle for trap shooting
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"If someone can teach you how to reach, Life can become a Beach": Shayari by Shankar Sharma, in Shayrana andaaz
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Don't say I didn't tell you, baccha party
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The D2C consumer brand IPO will determine conclusively whether Indian Retail,HNIs are idiots or geniuses
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The key to good IPO pricing is for Investment Bankers, Owners, VCs, to view a listing as a Goose laying Golden Eggs.
Don't kil the Goose on Listing Day.
Let it lay a 5% UC egg every day:
Exactly like Amitabh told Madan Puri (Samant) in Deewar
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This Man is a Fountainhead of Profound Knowledge. Specially the bit on "Leadership Alpha"around 15-17 minutes. And the effect of lower "Net Exports" on growth; The folly of raising rates in India.
Miss at your risk. And agar RT nahi kiya to....
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In a lucky series of tukkas ( flukes), my Istan -Bull Trade has blown out the lights. Turkish Index ETF Up more than 50% in 3 months, dollar terms.
& see our small caps rally back strongly today.
Droneacharya super.
Bhagwan, Allah, Jesus karey yeh tukke ka daur chalta rahey
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My analysis tells me that this is nothing but a routine, though violent, correction in mid/ small caps.
Nothing is fundamentally broken.
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I have said this for decades:
There is Nothing Unhealthier than a Healthy Correction
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One key question all Indian investors must confront: how much of last 12 months' strong demand is pent up demand, after 5 lost years of GDP growth (2016-2021)?
Is it the equivalent of a hungry man eating an entire buffet spread, but whose normal appetite will revert to 2-3 rotis?
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India's twin deficits in the aftermath of a "once in 80 yr crisis" wr 11-14%. And was put in something called Fragile 5 by an idiot in a London bank.
Today, twin deficits are around 10-14% again.
So which group should India be part of now?
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Founder of Droneacharya, Prateek, messaged me y'day, post IPO response.I only said "Son, this is just the first 10 mtrs of an ultra long marathon. Baton is now in your hands. You can't pass it on ever. Run!"
All VCs, All Bankers regard an IPO as End of Race.
I don't.
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A small cap bull market will throw many loose balls at you.
Skill lies in choosing which ones you want to hit out of the park, and which ones to let go.
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I invested in Dronacharya,a tech IPO opening next week,@ 54, at zero rev stage. I insisted & Mgt listened that IPO should be at same price as mine: RS.54, even when co is now ( my estimate) annualising at Rs.20-25 Cr revs with solid Profits.
Retail must make money in Tech IPOs.
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Of the many people who hv worked with/under me over years, I've seen only a handful have slavish devotion to agreed-upon processes.
95% have next to zero adherence to a set process & hence, have random work output.
Getting people to follow process is so bloody difficult!
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I would strongly urge Air India ( an airline I love and fly most regularly) to reconsider these moves.
Specially, the one about " No Blonde" hair policy.
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Reading Wasim 's autobio. In 92 WC, Pak vs NZ, do or die game, Inzy says to Imran:" Ma puking. Unwell. Can't play".
Immy tells him:" Take 2 tabs. You are playing"
That's how top pros are: No slack. No excuses. No work -life balance. Mission is above everything.
I just love this
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In my self-created, proprietary, gamechanging, top secret Investing Model of
"Invest First, Research Later" ( IFRL), I am now researching Turkey, after having invested in the last couple of months. Looking better & better
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Glycemic Index of:
Dosa: 77-80
Idli: 80
Besan Cheela: 30
Dhokla: 30-35
Data talks. Baki sab bakwas hai
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Show this thread
As per news, Prosus has valued Byjus at around $6 billion. It's a huge haircut from previous $22 billion.
But my question is: why even $6 billion? ( Kis baat ka 6 billion)?
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I, for the life of me, can't figure why 5 star hotels serve utterly unhealthy dosa,idli, poori, aloo, ( all insulin spiking) for breakfast, and not serve far healthier Dhokla, moong/ besan Cheela, for breakfast?
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Show this thread
My best Pair Trade ever?
Making Money in India.
Spending Money in Dubai.
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One of the worst things you can do as a Professional Investor/ Fund Manager, is to start justifying your Hold thesis on your Stocks that are down 60-80%.
Get Real: You were wrong. And you had no Risk Management.
Plain & Simple.
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In 2009/10, I spent a fair bit of time in US & UK. At all gatherings, I was greeted like a hero because I was an Indian: " You guys are really doing well on the Economy, unlike the West & China. You have great leadership!!".
I am beginning to get something similar now.
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