I came across a couple of interesting articles on Reliance Jio (Mukesh Ambani's $38 billion "start-up") suggesting that the accounting practices (just like a lot of other things at the Ambani Group) could be dubious. I want to write something on valuation and Indian equity markets since a long time...meanwhile do read this article. Ambani’s... Continue Reading →
Good Read: The Dead Horse Theory
This is so true...! The Dead Horse Theory The tribal wisdom of the Dakota Indians, passed on from generation to generation, says that, "When you discover that you are riding a dead horse, the best strategy is to dismount" However, in modern business, education and government, a whole range of far more advanced strategies are... Continue Reading →
Good Read: Making the Jump from Millionaire to Billionaire, and How Long That Takes
Here is an intereting Infographic: Making the Jump from Millionaire to Billionaire, and How Long That Takes Source: http://www.visualcapitalist.com/jump-millionaire-to-billionaire/ Some very good insights based on this...will write some other day.
Chanda Kocchar, Videocon case and test of “ना खाऊंगा ना खाने दूंगा”
Some interesting stories have unfolded in the Indian Banking and Financial Sector in last 1-2 months. First, there was the Nirav Modi and Punjab National Bank scam, and since then many Banking frauds or scams are coming in light. But there is one peculiar story that is still not being seriously pursued. Few days ago... Continue Reading →
Good Read: Definition of A Bank
Brilliant Definition Of A Bank... A bank is a broker between the middle class and the rich. The only place where the two meet is in a bank. The middle class brings the money, through saving, and the rich takes it, through borrowing. A middle class person saves the money because they have more money... Continue Reading →
Good Read: Investment Lessons from Chess
Two of my passions are "investment/valuation" and "chess". I immensely enjoy spending time on both and keep reading/learning. So I was twice as delighted when I read about the title of this article "Investment Lessons from Chess"! Usually such articles only have fancy title and when you start reading you get totally disappointed. But not... Continue Reading →
Culture eats strategy for breakfast everyday – decoding Murthy-Sikka battle
If you were operating at or connected to the senior levels in the technology industry, the news of Sikka's exit from Infosys would neither be shocking nor unexpected. It was a question of when - not whether - Sikka would be out of Infosys. So what went wrong ?The HistoryWhen Sikka took charge, Infosys was... Continue Reading →
Prof. Aswath Damodaran on “The Value of Stories in Business”
Prof. Aswath Damodaran on "The Value of Stories in Business"
Interesting forwards on Valuation
I received a series of interesting forwards on Valuation of companies. It shows how markets reward future growth over the steady and stagnant growth. Valuation, Jan 2017: Snapchat: $25 billion Viacom: $17 billion Valuation, Jan 2014: Viacom: $37 billion Snapchat: $3 billion Facebook valuation in 2007: $15 billion (after Microsoft investment) Facebook's valuation in 2017:... Continue Reading →
A sarcastic take on eCommerce start-ups
I received the following sarcastic write-up on WhatsApp about the eCommerce start-ups that are burning VC money. Thought of sharing. It summarizes the problem precisely! I've got a BIG eCommerce idea that will dwarf Flipkart and Amazon together. I'm going to sell CASH. At a discount of 15%. Consumers can buy cash at a discount... Continue Reading →
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