Dear Valued Member,

I have big news for you.

And I haven’t been this excited about something for a long time now.

But this is special.

We have finally cracked the solution to the biggest problem our members like you had at Equitymaster.

You have been asking for this for years...

And it is finally time we reveal this to you.

Mark Your Calendar for the Tomorrow, 15th of Dec 2022, 5pm.

That is when we will make the big reveal.

Look out for an email with the subject line “INTRODUCING: Equitymaster’s Ultimate 30...” in your inbox.

Trust me, this is unlike anything we have ever done.

See you there

On the Investor Hour this Week...

Chris Mayer, portfolio manager and the author of 100 Baggers, shares his stock picking process, its evolution and why he believes the “old” Buffett stock picking method may not work anymore.

We dive deep into his approach to portfolio construction and asset allocation.

Over all a master class on stock picking, portfolio construction and asset allocation. It’s unmissable.

Listen in...

https://youtu.be/-wlnUoshFWg

Time to Buy this Crash-Proof Investment?

Rahul Shah wonders whether nearly 50% of your portfolio stocks can go down in 2023.

http://www.eqtm.in/Lo5i3

“I think too often, young analysts believe that the goal of an analyst is to demonstrate how much they know about a company and build a perfect earnings model.

I don't think I've ever seen an analyst model their way to a great stock idea! I view the goal of the analyst as developing conviction that the consensus is wrong about something important. Then their job is to communicate why they believe they are correct and the consensus is wrong and to compute the valuation impact.

Once we own a stock, their job is to actively monitor new information to assess if their view or the consensus view is coming to fruition. There are a lot of important areas the consensus can be wrong: management quality, business quality, long-term potential differing from current results, valuable non-earning assets, and so on.

To make excess profits, you need to hold a nonconsensus view and be right.” - Bill Nygren (quote courtesy - Joe Koster)

Why are Investors Paying 2x More for Relaxo than HUL?

Rahul Shah wonders whether Relaxo's significantly higher valuations than HUL are justified?

http://www.eqtm.in/r9N6K

Life hacks:

Overthinking → Write

Feed your soul → Pray

Think clearer → Meditate

Improve mood → Exercise

Expand your mind → Read

Understand better → Teach

Confused → Take a walk in sun

Improve attitude → Express Gratitude

Burnt out → Cut social media and sleep



Source: Wise wonderer (Twitter)

Adani Group shares are under heavy selling pressure today.

The trigger seems to be a report by Hindenburg Research which has flagged off serious valuation and corporate governance issues at the group.

This reminds me of my own piece I wrote back in June 2021 around why I haven't recommended a single Adani group stock yet across any of my services.

Perhaps a good time to revisit the piece. Posting it here for your easy reference.

Why I Haven't Recommended Any Adani Group Stock Yet - Profit Hunter by Equitymaster
https://www.equitymaster.com/profit-hunter/detail.asp?date=06/23/2021&story=1&title=Why-I-Havent-Recommended-Any-Adani-Group-Stock-Yet#aPrev

The Adani Correction: An Opportunity of a Lifetime?

Rahul Shah wonders whether the Adani correction has created a great buying opportunity.

http://www.eqtm.in/Zr45Y

With the budget uncertainty out of the way, the runway seems to be clear for ITC to put in a good show in 2023.

Can it go to a new high in 2023? Check out this video I did a few months back to know the answer.

Should Investors look at #AdaniStocks after the Fall or is it a Falling Knife and should be Avoided? My colleague
@adityavora89
shares his thoughts in this thread...