The deepest insight I’ve observed an FM has - I don’t know how to make money investing, but I can keep being invited to lecture college kids on how to make money in investing. They don’t know my record. If they find out, I can tell them “this cycle has been unusually prolonged.”

Contrarian EPS I love B2B businesses purely because they preclude personal anecdote nonsense. No one goes - hey, I just switched my rotary compressor from Kaiser to Ingersoll & you should see my specific power ratio.

Not going to force my son to do anything against his will. It’s up to him what kind of an Investor he wants to become.

Shooter: 1/6 Trump: 6/6 “God saved him. He will save us all.” 🇺🇸

Here is the half yearly update from us at the DSP Pension Fund iramneek.substack.com/p/dsp-pension-…

Inception And this ain’t a dream!

Should be required reading for investors. “We think that people pay us to make good decisions, but what people really pay for is to get to the top.”

$LULU $NKE -Niche vs Broad market -Focused vs Diverse product lines -Community Engagement vs Sponsorships -Direct vs Distribution Model -Small Scale + Vertical Integration vs Large Scale + Outsourced Similar headline multiples for two different companies.

Bangladesh has had four elections since 2008. These elections are closer to what happens in elections in Russia than what you see in the US or India. They are all sham elections. Opposition party was basically surgically exterminated.

Democracy is chaos most of the time. But it IS antifragile. But because of the chaos of democracy, it feels counterintuitive and you may be tempted to think "what's so wrong about autocracy? Look at X,Y, Z data and how things are getting better vs history"

Anyone who has not gone through one or a few years of distress feeling somehwat worthless and depressed remains a child forever. Children having children remains a tragedy.

Adyen $ADYEN reports H1 2024 results: ✔️ Processed volume was €619.5 billion, up 45% YoY. ✔️ Net revenue was €913.4 million, up 24% YoY. ✔️ North America was the fastest growing region (up 30% YoY), followed by EMEA (up 25% YoY), APAC (up 15% YoY), and LATAM (up 2% YoY). ✔️

Udaan youtu.be/EE60DbRoDpk One of the best videos I have seen in decades Real human moving stories Why I’m proud of my industry

Wyatt Earp and the Cowboy War on Netflix. 🔥

This posting genre is an existential threat to Twitter

🔓 Delhi pricked the Bengaluru bubble The conventional wisdom is that Bengaluru is India’s Silicon Valley. But something has changed lately. Delhi firms seem to be more resilient. The list of tech firms that have gone public—Zomato, MMT, etc.—has one thing in common: Delhi.

Equity Portfolio Active Share: ~70% No. of Stocks: 28 Cash: ~8% Returns since Inception (26th December 2023): •Scheme (ETI): 26.62% •Benchmark (S&P BSE-200): 24.09% DSP Pension Fund Here is our Investment Framework: dsppension.com/assets/attachm… Invest now: nps.kfintech.com/contributeonli…

If Wall Street and Dalal Street weren’t obsessed with short term performance and things that don’t matter much over time, I would be a chump on streets.