Summary While our unwavering focus is on bottom-up fundamental investing, in this newsletter we take a top-down view and discuss a unique characteristic of ‘small-caps’. Given their relatively lower size, […]
Summary While headline Indian indices are down between 15-20% from their peak this year; 20% of all companies listed on the National Stock Exchange are down more than 50% and
Summary We finished our first year (Apr’21-Mar’22) as a SEBI-registered portfolio manager on strong footing with returns of 66.2% compared to 18.3%-36.6% for benchmarks, generating alpha of 2,950-4,780 bps. Consequently,
Exceptional companies generate disproportionate returns India has been a breeding ground for remarkable managers who have created enormous wealth for themselves and their shareholders by capturing large white spaces in
Summary A key question concerning investors globally today is the medium-term trajectory of interest rates and the consequent impact on equity markets. This uncertainty is nudging some investors to increase
