In comments in one of my posts I came across a person with no risk target for his portfolio and a view that his job is to maximize return without regard to risk. I said the job of every investor is to know what their risk tolerance is and hold a portfolio that takes roughly that

What kind of Gross & EBITDA margin can Lenskart aspire for in the future? In the absence of Indian comparables, Japan Eyewear Holdings is worth a look. Japan Eyewear has a Gross margin of 79% & EBITDA margin of 42.7%. *Not a stock recommendation. I have no view on Lenskart

29 Number of times 'stablecoin' was mentioned in Visa's most recent earnings call. Vs. ZERO mentions in the earnings call in October 2024.

In 2016, when digital gold was launched in India - the concept was alien & was met with lots of scepticism. Naturally, it gives me a lot of joy to see this detailing in an IPO prospectus.

Urban planners had assumed that good infrastructure is necessary for job creation & population growth. Bangalore has demolished that assumption.

Over a 10 year period, less than 15% of active fund managers have outperformed the S&P 500. If a retail investor has a mix of active funds, chances of that investor's portfolio outperforming their benchmark is << 10%.

What is the price of convenience in personal loans? Higher rate of 1-1.5% as per L&T Finance. "For example, if the customer is willing to give you a 13% rate of interest -- agree to a 13% rate of interest on a physical channel. The same customer when delivered digitally,

Microfinance in India - Pricing is clearly improving (i.e lending rates are going up). Snippets from CreditAccess Grameen & Spandana Spoorthy September Qtr earnings calls.

Capital from public sources is cheapest form of equity capital. Capital from retained profits is the most expensive form of equity capital. Firms with cheaper forms of capital will take different decisions from firms with expensive forms of capital. So, Zerodha will be forced

OpenAI has committed to spending $1.15 trillion on hardware & cloud infrastructure between 2025 & 2035.1 The spending breaks down across seven major vendors: Broadcom ($350B), Oracle ($300B), Microsoft ($250B), Nvidia ($100B), AMD ($90B), Amazon AWS ($38B), & CoreWeave ($22B).

We are excited to launch the Pay3 Agentic Payments Platform, enabling AI agents to autonomously execute stablecoin transactions. This is our step toward AI-native commerce. Thrilled to have Amnic HQ among the first to validate it for their agentic FinOps platform.

There are 2 kinds of crypto investors today. One set going - Yay Zcash $ZEC !! Another set going - Why Zcash????

Studds Accessories IPO was open from October 30 to November 3, and was subscribed 73.25 times in total. On first day of trading, Studds Accessories Share Price Highlights: Stock ends at ₹559.40 apiece on NSE, 4.38% discount to IPO price. Weekend mood of some who applied to

Will be interesting to see how much of the Trump stimulus checks (tariff dividend) go into meme stocks & crypto. 🚀🚀

Just 2 out of the 20 largest PMSs by AUM generated 1 year returns higher than bank fixed deposits ! Next time your friend brags to you about having invested in a PMS, be nice and pick up the tab for the coffee/beer.

The Czech National Bank announcing a test portfolio of digital assets opens the window for a number of central banks & sovereign wealth funds to do the same. Perfect example of the Overton Window shifting. A few years ago, the concept of a decentralized asset like Bitcoin was

Excellent episode with Clifford Asness . One nugget that stood out - as an investor, you get to do a 'high five' only once - and that is when you retire. Humility and long-term discipline is the only way to win & if you forget it, the markets will find a way to make you

With so much stress across markets & volatility in the underlying economy, the regulatory filings & press releases in the US, next week, on eve of Thanksgiving & the Friday after - are bound to be super interesting. Brace yourself!

Nvidia has a market cap of $4.4 trillion Blue Owl has a market cap of $21 billion With concerns about Blue Owl's ability to sustain the AI Datacenter financing juggernaut spooking markets - would be super interesting if Nvidia just buys a chunky stake in Blue Owl.

A paragraph in Mint caught my eye. "Micro-LAP (Loan against property) lenders are hesitant to liquidate collateral." Matter of time before lenders figure out it is tough to liquidate collateral in the case of affordable housing also. From that point, it will be a short