Author: Vivek Bothra

Why I bought Symphony at a high PE ?

We recently added Symphony to our model portfolio . Here is my complete analysis and reasoning for adding it to model portfolio

Symphony Limited manufactures and sells consumer durable products in India. It’s name synonymous to Air coolers in India.

Business

Symphony Limited manufactures and sells consumer durable products in India. The company provides domestic, commercial, and industrial air coolers across various models under the Symphony name. It offers desert, tower, room, and personal coolers for residences, shops, showrooms and offices; heavy duty industrial air coolers for factories, offices, schools, malls, assembly halls, warehouses, and metro stations. The company also provides storage and instant water heaters under the Sauna name. Symphony develops its own models, designs and prototypes of air coolers before giving it to OEM’s for large scale manufacturing. In addition, Symphony Limited holds intellectual property comprising 8 patents, 49 designs, 108 trademarks, and 7 copyrights. The company also exports its products to approximately 60 countries. It offers its products through a network of approximately 750 distributors and approximately 15,000 dealers across India.

Positives

–          Well positioned to encash the growth

–          Leading player in the air coolers market

–          Huge product portfolio with innovative products

–          Strong dealer … Read the rest

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Yes you can start at $100 Dollars !

Fire your boss, Do what you love and work better to live more

This is how Chris Guillebeau starts his best seller $100 dollar start up–  what follows is 274 pages of biblical material for all aspiring micro business owners.

What is a micro business ? – a business that can be started with $100 or less in pocket and you definitely don’t need to be an MBA. The book is laced with examples of 50 ordinary men and women who made it with $100 or less.

It is another self help manual to become rich ? – No . This book is a blue print to build on dream that you always had – quitting the 9-5 circle to live and earn with freedom. Stories of ordinary folks on how personal freedom lies in pursuit of value for others.

The books kicks off with a lesson on convergence, often heard the idiom make passion your work however we have to understand that not everything that we are passionate about or skilled at, is interesting to the rest of the world. Like I am passionate about reading, but would anyone pay me for reading – I would be glad … Read the rest

Where is one of India’s oldest Value investor is Investing ?

Value Investing

Above are the companies that Parag Parikh’s PPFAS Mutual Fund is invested in, the graphs shows percentage allocation of portfolio in these companies compiled based on fact sheet provided on their website.
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Every stock investor who is fan of Parag Parikh like me should keep track where this fund is investing.… Read the rest

How to really use expert advise ?

If you read Sheena Iyengar’s fantastic book “The Art of Choosing”  you will understand that in areas where we don’t have expertise we should seek advise to make decisions. Given that financial literacy in not taught in schools and most of the people pick investments like clothes, investing definitely fits the above bill.

But a lot of times financial experts have ulterior motives read earning cut from brokerage houses and almost no accountability for their public predictions. Add to that asset prices change daily and plethora of information is dished on our table, we just can’t keep track of how experts have fared.

Warren Buffet said “Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway”

Is all expert advise on financial investments garbage ? – No

They are experts and they can read financial information and make sense of it, however as I noted above they have keep to making predictions to make sure trader keeps buying or selling so that brokers continue to make money. It is a vicious cycle.  There is a concept that quality of your predictions go down when … Read the rest

How to overcome Anxiety, Indecision & Fear

Life

Wikipedia defines “Rock-paper-scissors is a hand game usually played by two people, where players simultaneously form one of three shapes with an outstretched hand. The “rock” beats scissors, the “scissors” beat paper and the “paper” beats rock; if both players throw the same shape, the game is tied”

Our life is Rock-paper-scissors game played in mind between past,present and future,The game is between our thoughts played in our mind constantly, our actions are the driven by winning thoughts. However one key difference from Rock-paper-scissors is that there is no one element having a constant upper hand over other element.

We are constantly living in past or future with very brief periods in present. Hold yourselves for this moment – Are you in present ? This answers how the mind keeps tricking us to keep in constant flux

What drives these battles

Anxiety  – Present vs Future

Fear -Past vs Present

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Applying Nicholas Darvas’s trading principles to Indian equity markets

 

“Long before the internet provided real-time stock quotes and online brokers offered instant fills, Nicolas Darvas managed to grow a $36,000 investment into more than $2.25 million in a three-year period. While on a worldwide dance tour in the 1950s, he relied solely on Barron’s, a weekly newspaper, and telegrams to his full-service broker to get quotes and place orders. Although Darvas developed his stock selection techniques many years ago and in a different investing environment, his strategy has withstood the test of time and is a tool that every modern day trader should consider adapting.” – Investopedia

If you are a stock trader, you need to read this amazing book How I Made 2,000,000 in the Stock Market  by Nicholas Darvas on his trading styles and how he made 2.5 million dollars in span of three years. From making novice mistakes to taking astounding profits this book is quite a roller coaster.

I have used the below example of CARE ratings a stock listed on NSE and BSE to elucidate how Darvas’s box theory holds good in current times.

How Darvas used to identify a stock to trade

I decided that if a usually inactive stock suddenly becomes

… Read the rest

The 21 success principles

ID-1008415Principles have a way of settling decisons, removing ambiguity and leading us in times of uncertainity. Sharing 21 of them that will help us to be ahead of curve

  1. Discipline is king, practice makes man perfect
  2. Kill  every negative thoughts with 10 positive thoughts
  3. Fit body feeds mind – Always remember this
  4. Bad talks get more publicity than bad work – Control your tongue
  5. Preach what you practice – Old era,  Don’t Preach – New era
  6. Life guided by principles is better than life which is a wandering float
  7. Positive attitude builds positive personality
  8. Honour your word, people will respect you for that
  9. Ethics even if compromised once make you unethical – Be vigilant
  10. Never underestimate anyone, Everyone has something special
  11. Ignorance kills people – Speak if you are unhappy with someone
  12. Live with greats your idols, you are 80% of 5 people you live with
  13. Leaders are not born but made, don’t wait for permission to lead
  14. Be the best in what you do , explore possibilities and don’t pretend limitations

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… Read the rest

If politicians were stocks ?

With political season simmering, I was wondering what if Modi, Kejriwal and Rahul were stocks – What would be there attributes ? And would you invest in them ? Let us look at the each one of them with an investment lens

modi-vs-rahul-kejriwal

Kejriwal – is a young start-up (1+ year) which has done remarkably well in highly competitive market (Indian politics).  It’s gaining mind share and market share in this competitive market. It’s key assets are it’s alternative political ideology & connect with middle class populace.  It is a brain child of a non-political movement and there are only few handful cases where  a non-political movement  has led to creation of a successful political outfit.  Putting  Kejriwal to test here is what I feel

Growth – Anyone looking to do a stock analysis for a company is probably attracted to it because of its growth. The attraction of growth has probably led more investors into temptation than anything else.  Kejriwal is a young start up hence growth opportunities are huge, the company has right set of product mix to capitalize on the opportunity. It has fared well up until now, however it’s USP is suited to upscale market would they … Read the rest

How to Value Stocks using Benjamin Graham style

Beloved readers,

Presenting the first tool from Tankrich – Benjamin Graham stock value calculator.

Here is the story….

Circa 2010

Five classmates decided to put Benjamin Graham’s teaching into  mathematical calculation to understand if a stock is overvalued or undervalued for their class presentation in MBA . What followed was days of research and a collaborative effort to come with a simplified model which is easy to use and understand.

We did it – 10/10 on presentation and a pat on back  from one of the most loved professors at school for bringing theory into practice.

Circa 2014

Retail investors don’t often get exposed to time less  principles of Benjamin Graham, so I thought why not use my class project and turn that into a online stock value calculator. Some of the key features of this calculator

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Make this little changes at your workplace

WordItOut-word-cloud-327657Are you the one who has to withstand daily grind of attending meetings, sending emails, managing bosses, organizing diaries and paperwork  and overtime?

Are you in search of ideas to improve your workplace effectiveness?

If the answer to any of the above is yes – Read on

The work component is very crucial component of our everyday life with almost one-third or more of our time spent in that component, add to that the pressure to excel and be the best in work.  Here are few small changes that we can embrace

 

1. Manage your energy not your time – Most of us respond to increasing demands in the workplace by putting in extended hours, which inescapably take a toll on us, remember time is definite however energy can be methodically expanded and habitually renewed.  If managed well expanded capacity means we would could do more in less time. Now how do we manage and expand energy?

Tony Schwartz in his best-selling book The power of full engagement recommends managing energy by establishing specific rituals – it could be simple rituals like going early to bed to get up early for exercise or scheduling ‘recover time’ in your office … Read the rest