Many of the concerns we had back on 2019, the similar line of concerns follows today also.
It is always great to listen to Rakesh Jhunjhunwala! Sharing an old interview.
It is always great to listen to Rakesh Jhunjhunwala! Sharing an old interview.
Must read
If not for investing, at least for knowledge purpose...
https://blindspotresearch.substack.com/p/who-actually-makes-indias-cancer
If not for investing, at least for knowledge purpose...
https://blindspotresearch.substack.com/p/who-actually-makes-indias-cancer
Substack
who actually makes india's cancer drugs?
only 20% of indian CMOs can make chemo drugs at all. owning that plant turns out to be the easy part.
Hi Everyone !
It's been some time since I have not been posting in this group.
I took some time out of the earlier timeline , and focused on personal life, and built a few good habits. Focus was to sharpen the skill, improve family relationships, enrich knowledge base and work on health.
Probably, I will try to post frequently. At least, I will try to do so.
I will post a series of audio to highlight the process and results. I believe in compounding any good thing for a long time adds tremendous value in life.
I hope my posts will help you to improve your journey in life.
It's been some time since I have not been posting in this group.
I took some time out of the earlier timeline , and focused on personal life, and built a few good habits. Focus was to sharpen the skill, improve family relationships, enrich knowledge base and work on health.
Probably, I will try to post frequently. At least, I will try to do so.
I will post a series of audio to highlight the process and results. I believe in compounding any good thing for a long time adds tremendous value in life.
I hope my posts will help you to improve your journey in life.
"There are people so poor that money is all they have."
— Josh Billings
The whole idea is to become rich 😊
— Josh Billings
The whole idea is to become rich 😊
A quote to begin with ..
Don't be afraid to make a mistake. Only ensure you make one that you can afford so that you may love to make another.
-
RJ
Don't be afraid to make a mistake. Only ensure you make one that you can afford so that you may love to make another.
-
RJ
Health is Wealth!
Health is the most neglected asset a human can own. You can change your car, but not this body. At least, in this life.
Here are five markers that can roughly decide if you are healthy.
Simple guidebook to start with.
Less than 5% population in our country will be able to pass all five.
1. Blood pressure below 120/80
2. HBA1C below 5.5
3. Waist size below 32 (men)
4. LDL cholesterol below 100
5. BMI below 25
I used to fail in No 1 and 2. I have worked on these for last two years.
Without medication, I fullfill all five now.
But it required a lot of hardwork and boring routine.
Here, I am not trying to brag up anything. What I am trying to share rather...
Find your weakness and work on it. If a simple person like me can do it, you can do it too.
Health is the most neglected asset a human can own. You can change your car, but not this body. At least, in this life.
Here are five markers that can roughly decide if you are healthy.
Simple guidebook to start with.
Less than 5% population in our country will be able to pass all five.
1. Blood pressure below 120/80
2. HBA1C below 5.5
3. Waist size below 32 (men)
4. LDL cholesterol below 100
5. BMI below 25
I used to fail in No 1 and 2. I have worked on these for last two years.
Without medication, I fullfill all five now.
But it required a lot of hardwork and boring routine.
Here, I am not trying to brag up anything. What I am trying to share rather...
Find your weakness and work on it. If a simple person like me can do it, you can do it too.
Microfinance Sector
Fusion Finance came out with a good result. Earlier, Muthoot Microfin , Satin credit care also came up with good set of results.
This sector is resurrecting from graveyard. It is a brutal sector. Both on positive and negative sides.
If you don't understand this sector, start learning. Do not try to invest without learning.
Observe and learn. This cycle is short and repeats. If you learn, you can play it for your lifetime. And can make a lot of money.
If you take a shortcut and look for names to invest, this is an assured way to loose money in this sector.
Fusion Finance came out with a good result. Earlier, Muthoot Microfin , Satin credit care also came up with good set of results.
This sector is resurrecting from graveyard. It is a brutal sector. Both on positive and negative sides.
If you don't understand this sector, start learning. Do not try to invest without learning.
Observe and learn. This cycle is short and repeats. If you learn, you can play it for your lifetime. And can make a lot of money.
If you take a shortcut and look for names to invest, this is an assured way to loose money in this sector.
Execution is the 🗝️
We know that simple things are building blocks of every success. But it is extremely difficult to follow simple things consistently.
Let's throw some examples
Wake up.. have a glass of water... Come to daylight..Walk for 20-30 min, preferably without using phone.
How difficult is that ?
Well, this is nearly impossible to follow this routine 30 days in a month.
Idea is simple. Execution is nearly impossible. Less than 1 percentile can do this .
In business, success is often simple to visualise. But execution is the most difficult part.
Take examples... What Indigo does is an open secret. Despite knowing it, others cannot execute.
Take recent example..
Two wheeler EV space, so many companies started with the ambition. See how many of them are doing right.
Now, we have LLM. It has never been so easy to learn a completely new sector. Look how many are actually learning. People want shortcut in every sphere of our life.
Well, there is no shortcut. Knowing the things to do is a commodity. No use. Unless you execute. Same old boring things. Day after day.
Execution is the key.
We know that simple things are building blocks of every success. But it is extremely difficult to follow simple things consistently.
Let's throw some examples
Wake up.. have a glass of water... Come to daylight..Walk for 20-30 min, preferably without using phone.
How difficult is that ?
Well, this is nearly impossible to follow this routine 30 days in a month.
Idea is simple. Execution is nearly impossible. Less than 1 percentile can do this .
In business, success is often simple to visualise. But execution is the most difficult part.
Take examples... What Indigo does is an open secret. Despite knowing it, others cannot execute.
Take recent example..
Two wheeler EV space, so many companies started with the ambition. See how many of them are doing right.
Now, we have LLM. It has never been so easy to learn a completely new sector. Look how many are actually learning. People want shortcut in every sphere of our life.
Well, there is no shortcut. Knowing the things to do is a commodity. No use. Unless you execute. Same old boring things. Day after day.
Execution is the key.
This is no buy and sell recommendation by any means..
Go to the screener. Search any one company, say: fusion, satin credit care....and you will find the peers.
What the above concall snippts tell you is that .............Look for the lenders with higher capital adequacy...and lower AUM size.
I am not saying this...the management is saying.
Open the investor presentations of all the companies...These are the points to check..
Decreasing trend in PAR30+
Decreasing trend in GNPA
Higher rate of AUM growth.
Read and observe. First learn...do not jump to make money. You may fall badly.
Go to the screener. Search any one company, say: fusion, satin credit care....and you will find the peers.
What the above concall snippts tell you is that .............Look for the lenders with higher capital adequacy...and lower AUM size.
I am not saying this...the management is saying.
Open the investor presentations of all the companies...These are the points to check..
Decreasing trend in PAR30+
Decreasing trend in GNPA
Higher rate of AUM growth.
Read and observe. First learn...do not jump to make money. You may fall badly.
PI Industries
Results came yesterday. Here, see how knowledge compounds.
I used to own this business earlier. This business used to grow at 20%. The business is not performing. I have continued attending this company's conference calls even after selling this business.
At first, the management gave a cautious outlook.
Then business growth slowed in the next quarter. I exited when the management said in the conference call that they are not going to give any guidance.
Management has indicated that 500-600 cr will be generated from the pharma business. They are not able to meet their guidance. Today, the call will be held at noon. I am busy with some activities. I will read the conference call transcript tomorrow.
I will need to check what the management is guiding for. What is the EBITDA guidance, and why are they not able to meet their guidance?
I will try to find the answer. It will probably take me 5-10 min to get the answer.
I made some money from this business.
More than that, I got a very important lesson.
If some pharma companies are growing at a 20+ % pace, do not apply your brain and dig into which molecule is driving the growth. Attend the conference call, understand the guidance and capex associated with it, and track quarterly results.
Block all other noise. And repeat.
Knowledge compounds...slowly!
Results came yesterday. Here, see how knowledge compounds.
I used to own this business earlier. This business used to grow at 20%. The business is not performing. I have continued attending this company's conference calls even after selling this business.
At first, the management gave a cautious outlook.
Then business growth slowed in the next quarter. I exited when the management said in the conference call that they are not going to give any guidance.
Management has indicated that 500-600 cr will be generated from the pharma business. They are not able to meet their guidance. Today, the call will be held at noon. I am busy with some activities. I will read the conference call transcript tomorrow.
I will need to check what the management is guiding for. What is the EBITDA guidance, and why are they not able to meet their guidance?
I will try to find the answer. It will probably take me 5-10 min to get the answer.
I made some money from this business.
More than that, I got a very important lesson.
If some pharma companies are growing at a 20+ % pace, do not apply your brain and dig into which molecule is driving the growth. Attend the conference call, understand the guidance and capex associated with it, and track quarterly results.
Block all other noise. And repeat.
Knowledge compounds...slowly!
The biggest Podcast Learning
I was listening to a podcast two years back. One sentence from Prof. Sanjay Baksi has hit me on my face like a thunderbolt.
"When facts change, I change my mind. What do you do, Sir?"
Give your mind some space to expand on these words... this may transform your outlook on life!!! FOREVER!!
I was listening to a podcast two years back. One sentence from Prof. Sanjay Baksi has hit me on my face like a thunderbolt.
"When facts change, I change my mind. What do you do, Sir?"
Give your mind some space to expand on these words... this may transform your outlook on life!!! FOREVER!!
Let's learn..
Those who want to learn about new things..and earn money...I need your input here...
Do you think I may roll out one day workshop online ? Will that help ?
Those who want to learn about new things..and earn money...I need your input here...
Do you think I may roll out one day workshop online ? Will that help ?
Which mode do you prefer?
Anonymous Poll
28%
Online workshop
74%
Pre-recorded video
10%
Nothing.. I just want a stock tip 😄
Online Workshop
Thank you for participating in the poll.
I will soon bring a two-day workshop on Financial Sectors.
Here, I will give you all the information you need to make money (and protect money) in Financial Sector.
There are so many banks/NBFC available. Once you attend a workshop, you never have to ask anyone what to do!
If possible, I will also include one quarter tracking and interpretation of results of Financials for next quarter. Idea is to train you how to read the results and stay updated.
Certainly, I have to do a lot of work for this. I will keep a minimum fees so that my time and hardwork get some value. Here, idea is not to make money by selling courses. When I am taking money, I will be committed to do work! Else, I will probably prioritize some other work and will leave this work behind.
Even with one person, I am ready to do the workshop.
I always appreciate Warren Buffet. He says...make sure the person whom you deal with, get more rewarded than you.
If you take X amount, deliver 10X value.
I will reach out to youtube and X community very soon. Hope to add a lot and lot and lot of value to your journey.
Time to time, I am also planning to come live and interact with you!
Thank you for participating in the poll.
I will soon bring a two-day workshop on Financial Sectors.
Here, I will give you all the information you need to make money (and protect money) in Financial Sector.
There are so many banks/NBFC available. Once you attend a workshop, you never have to ask anyone what to do!
If possible, I will also include one quarter tracking and interpretation of results of Financials for next quarter. Idea is to train you how to read the results and stay updated.
Certainly, I have to do a lot of work for this. I will keep a minimum fees so that my time and hardwork get some value. Here, idea is not to make money by selling courses. When I am taking money, I will be committed to do work! Else, I will probably prioritize some other work and will leave this work behind.
Even with one person, I am ready to do the workshop.
I always appreciate Warren Buffet. He says...make sure the person whom you deal with, get more rewarded than you.
If you take X amount, deliver 10X value.
I will reach out to youtube and X community very soon. Hope to add a lot and lot and lot of value to your journey.
Time to time, I am also planning to come live and interact with you!
Let's discuss
Please join with the youtube live session. Q&A.
6 PM. Tomorrow.
Please join with the youtube live session. Q&A.
6 PM. Tomorrow.