Here is my video on why the IPO of Tata Technologies is worth keeping a watch on......
Warren Buffett has the cunning knack of sending out warnings to business managers and investors when they need them the most.
In the latest (2023) Berkshire Hathaway annual report he wrote…
We will also avoid behaviour that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses.
If only the tech companies with deposits at SVB had paid attention.
In the latest (2023) Berkshire Hathaway annual report he wrote…
We will also avoid behaviour that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses.
If only the tech companies with deposits at SVB had paid attention.
👍3
Next D-Mart Like Stock
Both growth and profitability can make this cost conscious business the next D-Mart.
http://www.eqtm.in/w4ZAt
Both growth and profitability can make this cost conscious business the next D-Mart.
http://www.eqtm.in/w4ZAt
👍4
Pharma sector is the new ITC. Stocks across the sector are close to 52-week lows and are likely to stay there for some time.
The pace of US FDA inspections has again picked-up in the last few months post Covid. In addition, even large generic companies in India have seen increased USFDA observations with 483 cases showing adverse outcomes.
The listed pharma companies’ research and development (R&D) spends are the equivalent of 4.4% of net sales. The R&D spends have been stagnant at this figure for three years in a row. In comparison, companies in the US tend to spend upwards of 20% of sales on R&D.
For Indian pharma majors, R&D spends have been declining over time. It was 6.2% in 2016-17. It slipped below the 5% mark in the last three years even as sales have continued to grow.
While there may be few pockets of value buys in the sector. Beware of value traps.
The pace of US FDA inspections has again picked-up in the last few months post Covid. In addition, even large generic companies in India have seen increased USFDA observations with 483 cases showing adverse outcomes.
The listed pharma companies’ research and development (R&D) spends are the equivalent of 4.4% of net sales. The R&D spends have been stagnant at this figure for three years in a row. In comparison, companies in the US tend to spend upwards of 20% of sales on R&D.
For Indian pharma majors, R&D spends have been declining over time. It was 6.2% in 2016-17. It slipped below the 5% mark in the last three years even as sales have continued to grow.
While there may be few pockets of value buys in the sector. Beware of value traps.
👍13❤3
Forwarded from Equitymaster
The SVB Crash Fallout: 5 Things You Must Do Now
Turning the crisis into an opportunity could hand you some of the biggest multibaggers.
SVB Fallout on Indian Markets
Here’s an extract…
Tanushree on what investors should do…
http://www.eqtm.in/n8ZGf
Turning the crisis into an opportunity could hand you some of the biggest multibaggers.
SVB Fallout on Indian Markets
Here’s an extract…
Tanushree on what investors should do…
http://www.eqtm.in/n8ZGf
👍1
During his recent Annual Shareholder meeting, Terry Smith (founder and chief executive of Fundsmith and a notable British fund manager) explained why you should invest in businesses that can be run by an idiot!
Here’s an excerpt from the meeting:
Smith; One of the things that we’ve tried to operate on as a mantra over the years which we didn’t invent because we didn’t actually invent anything.
We try to copy people who are quite clever, that’s the way forward, is always invest in a business that can be run by an idiot because sooner or later they all are, right.
And the fact of the matter is it’s an awful lot better to invest in certain businesses that are run by idiots than others.
Here’s an excerpt from the meeting:
Smith; One of the things that we’ve tried to operate on as a mantra over the years which we didn’t invent because we didn’t actually invent anything.
We try to copy people who are quite clever, that’s the way forward, is always invest in a business that can be run by an idiot because sooner or later they all are, right.
And the fact of the matter is it’s an awful lot better to invest in certain businesses that are run by idiots than others.
YouTube
FUNDSMITH Annual Shareholders' Meeting February 2023
FUNDSMITH Annual Shareholders' Meeting February 2023
Ian King introduces the 2023 Fundsmith Annual Shareholders' Meeting at Central Hall Westminster. Terry Smith and Julian Robins present the results from the year and answer shareholders' questions.
Ian King introduces the 2023 Fundsmith Annual Shareholders' Meeting at Central Hall Westminster. Terry Smith and Julian Robins present the results from the year and answer shareholders' questions.
👍6❤1
I've just joined Rahul Shah's special event on India's Third Giant Leap
Very soon, he is going to reveal details of his top 3 stocks to ride this giant leap.
Don't miss it for anything.
Just click the link below to join right away:
http://www.eqtm.in/Ks3r6
Very soon, he is going to reveal details of his top 3 stocks to ride this giant leap.
Don't miss it for anything.
Just click the link below to join right away:
http://www.eqtm.in/Ks3r6
Major military modernization projects totaling Rs 70,584 crore, including 69 maritime helicopters, 225 BrahMos supersonic cruise missiles and 307 heavy-duty artillery guns, received preliminary approval from the Defence Ministry.
The largest proposal approved was for 60 "utility helicopters-marine" being constructed by Hindustan Aeronautics, costing Rs 32,000 crore.
Another significant purchase was the 225 BrahMos long range missiles for frontline destroyers and frigates for Rs 20,000 crore.
These missiles travel at a speed of Mach 2.8, which is almost three times the speed of sound. This month will also see the signing of a different, much smaller contract for the next-generation BrahMos maritime mobile coastal batteries.
Consider checking out the best defence stocks.
The largest proposal approved was for 60 "utility helicopters-marine" being constructed by Hindustan Aeronautics, costing Rs 32,000 crore.
Another significant purchase was the 225 BrahMos long range missiles for frontline destroyers and frigates for Rs 20,000 crore.
These missiles travel at a speed of Mach 2.8, which is almost three times the speed of sound. This month will also see the signing of a different, much smaller contract for the next-generation BrahMos maritime mobile coastal batteries.
Consider checking out the best defence stocks.
Equitymaster
Best Defence Stocks | Equitymaster
Find the list of Best Defence stocks in India using the Equitymaster screener.
👍6❤3
Our systems analyst, Rahul Shah has just started his online meeting on Momentum Investing. Equitymaster readers are invited to join.
Join here
http://www.eqtm.in/t7EFo
Join here
http://www.eqtm.in/t7EFo
👍4
Forwarded from Equitymaster
How Long Before Markets Recover from the Banking Crisis?
The actual risk posed by the notional treasury losses in the banks’ books is evident in this chart published by the FDIC.
The End of Banking Crisis
Here’s an extract…
Ironically, sixteen years after 2007 subprime crisis, the central banks in West are once again caught napping. And big banks seem to be in no mood to acknowledge the crisis in their backyard.
In February 2023, Credit Suisse assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries.
Weeks later, auditor PwC reported material weaknesses in Credit Suisse’s own books of accounts and internal controls.
That’s not all. Swiss authorities plan to impose losses on Credit Suisse bond holders as part of the bank’s rescue plan.
Tanushree on how long before markets recover from the crisis…
http://www.eqtm.in/Qc54L
The actual risk posed by the notional treasury losses in the banks’ books is evident in this chart published by the FDIC.
The End of Banking Crisis
Here’s an extract…
Ironically, sixteen years after 2007 subprime crisis, the central banks in West are once again caught napping. And big banks seem to be in no mood to acknowledge the crisis in their backyard.
In February 2023, Credit Suisse assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries.
Weeks later, auditor PwC reported material weaknesses in Credit Suisse’s own books of accounts and internal controls.
That’s not all. Swiss authorities plan to impose losses on Credit Suisse bond holders as part of the bank’s rescue plan.
Tanushree on how long before markets recover from the crisis…
http://www.eqtm.in/Qc54L
Forwarded from Equitymaster
Quick Survey
Which are your favourite investing themes presently?
Please go here and participate in this ANONYMOUS survey.
https://forms.office.com/r/4PHryxydEK
Why are we asking you this?
So we can offer you more data, screens and other tools on your favourite themes on Equitymaster itself.
Do take the time and participate in this quick survey.
After all, there's only 1 question to answer!
https://forms.office.com/r/4PHryxydEK
Thank you
Team Equitymaster
Which are your favourite investing themes presently?
Please go here and participate in this ANONYMOUS survey.
https://forms.office.com/r/4PHryxydEK
Why are we asking you this?
So we can offer you more data, screens and other tools on your favourite themes on Equitymaster itself.
Do take the time and participate in this quick survey.
After all, there's only 1 question to answer!
https://forms.office.com/r/4PHryxydEK
Thank you
Team Equitymaster
As a prosperous Ohio Farmer, the 1873 market panic was a blow for Samuel Benner, and it wiped him out. When trying to understand why this happened, Benner discovered the notion of market cycles.
As a farmer, Samuel knew that the seasonal cycles affected crops, which then affect supply and demand, which affects the price. Benner looked deeper into these cycles and found an 11-year cycle in corn and pig prices with peaks every 5/6 years. This matches the 11-year solar cycle. Benner figured that this solar cycle affects crop yield, affecting revenue, supply/demand, and price.
Many of the peaks and valleys are off by a year or two, but it looks close. Some of it might be explained by randomness of the markets.
As a farmer, Samuel knew that the seasonal cycles affected crops, which then affect supply and demand, which affects the price. Benner looked deeper into these cycles and found an 11-year cycle in corn and pig prices with peaks every 5/6 years. This matches the 11-year solar cycle. Benner figured that this solar cycle affects crop yield, affecting revenue, supply/demand, and price.
Many of the peaks and valleys are off by a year or two, but it looks close. Some of it might be explained by randomness of the markets.
👍17
Forwarded from Equitymaster
Top Defence Stocks to Watch Out as India Approves Rs 70,500-Crore Order
India’s recent purchase of military equipment worth Rs 705 billion (bn) has given a fresh boost to the defence sector.
http://www.eqtm.in/r9Z5R
India’s recent purchase of military equipment worth Rs 705 billion (bn) has given a fresh boost to the defence sector.
http://www.eqtm.in/r9Z5R
Forwarded from Equitymaster
Profit Hunter - Here's How Pidilite and IKEA Can Help You Find Your Multibagger Stock
Find out what ingredients are required to discover multibagger stocks.
http://www.eqtm.in/o5GDk
Find out what ingredients are required to discover multibagger stocks.
http://www.eqtm.in/o5GDk
Forwarded from Equitymaster
Steel Stocks Deserve a Place in Your 2023 Watchlist
Like lithium, steel demand may soon have it its own gold rush.
Steel Demand to Soar
Here’s an extract…
The Indian government is seeking to modernise roads, rail networks and ports in attempt to compete with China as a manufacturing hub. So, according to the World Steel Association, India’s steel demand could soar to 200 m by 2030. This will make India the highest steel consumer amongst major economies.
Add to that the demand for steel in the aftermath of earthquakes in Turkey. Rebuilding and reconstruction of Turkey after the devastating earthquakes is expected to cause global massive demand for steel.
In 2021, Turkey’s crude steel production exceeded 40 million tonnes (m). Of this, more than 22 m was exported, making it an important player in the world steel trade.
How will these impact steel stocks? Read on…
http://www.eqtm.in/Cn39R
Like lithium, steel demand may soon have it its own gold rush.
Steel Demand to Soar
Here’s an extract…
The Indian government is seeking to modernise roads, rail networks and ports in attempt to compete with China as a manufacturing hub. So, according to the World Steel Association, India’s steel demand could soar to 200 m by 2030. This will make India the highest steel consumer amongst major economies.
Add to that the demand for steel in the aftermath of earthquakes in Turkey. Rebuilding and reconstruction of Turkey after the devastating earthquakes is expected to cause global massive demand for steel.
In 2021, Turkey’s crude steel production exceeded 40 million tonnes (m). Of this, more than 22 m was exported, making it an important player in the world steel trade.
How will these impact steel stocks? Read on…
http://www.eqtm.in/Cn39R
👍9
The Age of AI has begun | Bill Gates
https://www.gatesnotes.com/The-Age-of-AI-Has-Begun
https://www.gatesnotes.com/The-Age-of-AI-Has-Begun
gatesnotes.com
Artificial intelligence and our future | Bill Gates
Bill Gates explains why AI is as revolutionary as personal computers, mobile phones, and the Internet, and he gives three principles for how to think about it.
OneWeb launched its final 36 satellites on 26th March 2023 to complete a constellation of 618 satellites. Earlier in the day, the company announced the satellites were deployed and contacted in space by NewSpace India (NSIL), the commercial arm of the Indian Space Research Organisation (Isro), from the Satish Dhawan Space Centre in Sriharikota.
Headquartered in London, OneWeb has offices in Virginia, US, and a satellite manufacturing facility in Florida - Airbus OneWeb Satellites - that is a joint venture with Airbus Defence and Space. Bharti Enterprises is the largest shareholder in the British company, commanding a 30% stake. French satellite operator Eutelsat, the UK government, and SoftBank are some of the other large shareholders.
#Spacetech stocks are ones to keep on the radar.
Headquartered in London, OneWeb has offices in Virginia, US, and a satellite manufacturing facility in Florida - Airbus OneWeb Satellites - that is a joint venture with Airbus Defence and Space. Bharti Enterprises is the largest shareholder in the British company, commanding a 30% stake. French satellite operator Eutelsat, the UK government, and SoftBank are some of the other large shareholders.
#Spacetech stocks are ones to keep on the radar.
Equitymaster
How to Play India's Space Tech Boom - Profit Hunter by Equitymaster
India's space tech sector has entered its next orbit. Here's how to ride it.
❤8👍1
Forwarded from Equitymaster
A Failing Business that Created a Super Investor
Can buying the stock today create the super investors of tomorrow?
Failed Business to Multibagger Stock
Here’s an extract…
When Bhaskar Bhat took over the company in 2002, Titan was in very bad shape. Titan had made a huge investment on a new factory to manufacture watches in 1980s. But when outsourcing became the norm, Titan wasn’t quick enough to make the transition. All this while, the company had also been borrowing money to fund its international expansion.
Most importantly the board of Titan wanted to shut down Tanishq, then a loss-making brand of international jewellery exports.
Tanishq’s launch in India was also jittery. The concept of branded jewellery was then ahead of its time. Indians preferred their traditional family jewellers. Habits were hard to break. Even a McKinsey study recommended the board of Titan to wind up Tanishq.
So, how did the stock become a multibagger? Read on…
http://www.eqtm.in/Td3y5
Can buying the stock today create the super investors of tomorrow?
Failed Business to Multibagger Stock
Here’s an extract…
When Bhaskar Bhat took over the company in 2002, Titan was in very bad shape. Titan had made a huge investment on a new factory to manufacture watches in 1980s. But when outsourcing became the norm, Titan wasn’t quick enough to make the transition. All this while, the company had also been borrowing money to fund its international expansion.
Most importantly the board of Titan wanted to shut down Tanishq, then a loss-making brand of international jewellery exports.
Tanishq’s launch in India was also jittery. The concept of branded jewellery was then ahead of its time. Indians preferred their traditional family jewellers. Habits were hard to break. Even a McKinsey study recommended the board of Titan to wind up Tanishq.
So, how did the stock become a multibagger? Read on…
http://www.eqtm.in/Td3y5
👍5
The US had 30,000 banks back in 1921. Today it has about 5,000. Jason Zweig explains why fewer and better regulated banks are a must have.
WSJ
When a Bank Fails, There’s Always a Villain
The U.S. used to have more than 30,000 banks, most of them serving just a single community. Two centuries of failure and lost deposits suggest smaller isn’t always better.
👍2