I would like my legacy to be a more relentless determination to develop and use what I call an uncommon sense. – Charlie Munger
https://acquirersmultiple.com/2023/05/charles-munger-theres-a-lot-of-agony-out-there/

Do check out our heatmaps..on your favourite themes

Here is one on Drone stocks..
https://www.equitymaster.com/india-markets/drones/Drones-heatmap?utm_source=top-menu&utm_medium=website&utm_campaign=performance&utm_content=editorial

Infosys vs HDFC Bank: The 10 Year Bet?

Even a genius mathematician had once been a victim of such market volatility.

http://www.eqtm.in/Se73N

Prof Aswath Damodaran on good versus bad banks

EV Stocks or EV Battery Stocks to Ride the Lithium Megatrend?

The traditional approach of stock selection may not work for lithium stocks just as they don’t for EV stocks.

India’s Lithium Megatrend

Here’s an extract…

The mere discovery of the lithium reserves isn’t automatically going to change everything. We will need to build processing infrastructure and expertise.

So, instead of scampering to be part of the lithium gold rush you need to carefully observe who is making the real money.

http://www.eqtm.in/y7CLo

Argentina raised interest rates to 97% to counter inflation at 100%!

This is how the economy started going downhill back in 2018
https://www.weforum.org/agenda/2018/06/the-roots-of-argentina-s-surprise-crisis/

What Tata Elxsi Taught Me About Selling Stocks

I do not hesitate to pass on this lesson every time I am asked if I recommended a sell too early.

http://www.eqtm.in/m2R7P

Why Infosys and TCS are the Best Hedge Against Fancy AI Stocks

Investors looking to buy fancy AI stocks may have to shell out a fortune in terms of valuations.

Are Infosys and TCS AI Stocks?

Here’s an extract…

It may be a while before the technology finds wide scale commercial adoption like AI.

But with an early mover advantage, Indian tech majors can have a huge upside once the research on quantum technology begins to accelerate their product launches.

For investors, companies like Infosys and TCS offer the opportunity to ride the massive technology tailwind at relatively reasonable valuations.

http://www.eqtm.in/j3P5E

Aswath Damodaran: The flip side of the teaching mindset is the learning mindset, which is, you never stop learning, and I think as an investor, that’s a lesson that I think is worth remembering. You’re never the master of your craft. You keep working at it. And I think the very best investors know that. They know that they know a fraction of what they need to know and that they need to keep working. So, to me, that’s the essence of investing is to learn that you’re going to continue to make mistakes, market will throw surprises at you. And no matter how successful you’ve been in the past, there are more surprises to come.

Is the Technology Stocks’ Recovery for Real?

While Indian tech stocks have staged a recovery, their global peers are soaring to new highs.

Tech Stocks Recovery

Here’s an extract…

Apple, Alphabet and Meta saw earnings doubling between 2019 and 2022. Amazon’s earnings nearly tripled during this period.

Also, after a substantial rebound in valuations the stocks are back to their highs. In 2023 itself, the Nasdaq 100 is up over 30% year-to-date.

All this on the back of a technology that has captured the imagination of technology geeks and users alike. It goes by the name of Artificial Intelligence or AI.

http://www.eqtm.in/o2NFi

When it comes to banks…the choice is not just between Public Sector vs Private or Large vs Small banks…

My experience of tracking banking stocks closely over the last 18 years tells me that it is the culture, discipline and diligence of the management that matters most.

Over the years, I have seen several large banks and financial entities shed investor wealth due to callous growth and poor control over credit quality.

The only reason we at Equitymaster managed to skip entities like IL&FS in our recommendations is because we only recommended financial businesses that we understood well.

And this we learnt from none other than Warren Buffett.

Remind yourself of Buffett’s words when looking for bank stocks…

As a matter of fact, there was a very wise man named — I think it was Morris Cohen (Morris Schapiro) — that said, “There are more banks than bankers,” and if you think about that awhile, you’ll get my point.

Sensex 100,000 Before 2028 Ends

When will the Sensex get to 100,000? Read on to find out…

http://www.eqtm.in/Ej3z9

Will Artificial Intelligence (AI) Replace Human Investors? Howard Marks has the answer... https://www.youtube.com/watch?v=QHS2a59fROU&t=1s

Infosys and TCS Can Hedge Risk to Fancy AI Stocks

Investors looking to buy fancy AI stocks may have to shell out a fortune in terms of valuations.

Click for More...

http://www.eqtm.in/Xr7c6

Why Indian Defence Stocks are Not Overvalued Yet

Unless your timeframe to stay invested in defence stocks is short, you may not want to miss the upside.

Indian Defence Stocks

Here’s an extract…

Over the past seven to eight years, the number of defence licenses issued to industries has increased by almost 200%. This has stimulated the defence industrial manufacturing ecosystem.

The government’s target is to achieve a turnover of Rs 1.75 tn by 2025. Of this about 20% must come from export of military hardware. Military exports from India were negligible until 2017.

So, is India aiming too high with its defence production? Is India’s defence self-reliance story too good to be true?

Are defence stocks in India currently overvalued?

http://www.eqtm.in/Gw9f6

The P/E multiple is a ratio of valuations to earnings. When the denominator is at peak value the numerator is bound to look small. And if a reversion to the mean is eventually inevitable, the valuation multiple is bound to look expensive...over time...warranting a market correction. This data from CMIE suggests such an outcome in the future.

The aerospace unit of General Electric announced on Thursday ..

http://timesofindia.indiatimes.com/articleshow/101189656.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

What the ideaForge IPO Means for Infosys

There is a safer way to ride the asymmetrical payoffs of new disruptive tech businesses.

ideaForge IPO and Infosys

Here’s an extract…

Founded in 2007, ideaForge has over 15 years of research and development (R&D) history. It has more than 20 global patents.

It dominates the segment of security and surveillance with a 90% market share.

Infosys has been an indirect play on the opportunity in the drone sector all through.

http://www.eqtm.in/Yr6t7