Just wanted to update what happened to the median co. after a brutal month. Large caps and mid caps have cooled off relatively more that micro caps (501-1000 co.) While there may be enough cheap and attractive co. in each bucket but our median co.s are still not cheap!!

Sometimes it's just respecting legacy. The House of Tatas in India is one example.

Woodrow Wilson's famous test that if something is accountable to Newton or Darwin. Markets accounts to Darwin. This might work for early adopters even if this works as claimed. And then it will stop working because markets are complex adaptive systems.

Simple intuitive understanding which is obvious is 1.5 x 0.6 = 0.9. so you loose 10% on a geometric basis after 2 turns. But if you do 100 small bets of equal value 50 will go up by 50% and 50 will go down by 40% so you make 105. The entire startup investment is based on this.

It's already up ~35% in the last 35 days. Positively surprised by the sharp upmove. $ShreePushkar

What a wonderful story to start my Sunday! I am a sucker for great teaching/teacher stories. Somewhere deep inside it resonates so much. The love for teaching, especially difficult topics is one of the under appreciated but noble and greatly satisfying things to do.

Up 10% today.

Bengal has a long history of politics getting deep rooted in every aspect of life. Left created it. TMC adopted it. I fear that the BJP will also adopt it because it allows it to win elections for a long long time. I hope they don't but history and incentives suggest otherwise.

I would pick IIM - Indore. Few yrs down the line starting jobs will matter less. But the IIM brand will be more valuable than SP Jain.

Rain Industries with decent set of numbers. Of all the names this one is leveraged one. If they manage the cycle well it may very well be 4x in 4 yrs.