Blogs

The Stock Price of a Company Tells You Nothing Useful

Published on 26 Feb, 2020

The Stock Price of a Company Tells You Nothing Useful

The P/E multiple of a stock has ZERO ability when it comes to explaining future share price movements in India. The same is applicable for P/B and...

How PSU stocks disprove the Efficient Markets Hypothesis

Published on 19 Feb, 2020

How PSU stocks disprove the Efficient Markets Hypothesis

The Efficient Market Hypothesis (EMH) posits that all stocks always reflect all available information in their prices, making it impossible to find...

Learnings from the Unravelling of Indian Pharma Industry

Published on 30 Jan, 2020

Learnings from the Unravelling of Indian Pharma Industry

US FDA’s record warning letters to Indian pharma majors in the recent years, Katherine Eban’s hard hitting book on Indian pharma (ignoring the...

How the Nifty will change in the coming decade?

Published on 23 Jan, 2020

How the Nifty will change in the coming decade?

20 of today’s Nifty constituents are highly likely to be booted out over the next decade. We outline how you can identify the exits (relatively...

How Can the NBFC Sector’s Ongoing Slide be Reversed?

Published on 08 Jan, 2020

How Can the NBFC Sector’s Ongoing Slide be Reversed?

With the money market continuing to show reluctance in terms of financing NBFCs, the balance sheet of the sector continues to shrink with obvious...

What comes first – Strategy or Structure?

Published on 24 Dec, 2019

What comes first – Strategy or Structure?

The former US Secretary of Defence, Donald Rumsfeld, famously said, “You go to war with the army you have, not the army you might want or wish to...

Parallels between investing and software development

Published on 18 Dec, 2019

Parallels between investing and software development

At first glance, software development and investing seem to be poles apart. But we find a common and interesting thread in the process that...

Celebrating Marcellus with Two Creative Giants

Published on 10 Dec, 2019

Celebrating Marcellus with Two Creative Giants

As we complete a year of managing money in India, we celebrate two towering legends of the Indian music industry. Not only did RD Burman and AR...

Nifty & Indian GDP: A Complete Breakdown in Relationship

Published on 26 Nov, 2019

Nifty & Indian GDP: A Complete Breakdown in Relationship

The complete breakdown of the relationship between Nifty earnings and GDP growth raises major questions about India’s premier benchmark index....