Vishal300

THE ALPHA SERIES

EPISODE 21   Free

Trends in India's Largest Real Estate Market - Mumbai

Vishal Bhargava, Independent Financial Analyst

Vishal Bhargava is a finance and business strategy professional having worked in organizations like CLSA India and Economic Times.

He now writes a weekly column for Moneycontrol.com on the Mumbai real estate market and actively shares interesting insights on twitter (@VishalBhargava5), highlights the reasons that have driven the industry into a structural crisis and offers solutions that can rescue it.

Twitter | LinkedIn |
 
Agenda
  • Demand Vs Supply
  • COVID-19 Impact
  • Life after RERA
  • Is Mumbai Collapsing?
  • Consolidation Trend
  • Looking Ahead at 2020-2030
Samit vartak 300x

THE ALPHA SERIES

EPISODE 20   Free

Picking Winning Stocks

Samit Vartak, CIO, SageOne Advisors

Samit is one of the founding partners and Chief Investment Officer responsible for ensuring SageOne’s adherence to its core investment philosophy and discipline of risk management. His focus is on building long term wealth for the clients even if it means sacrificing short term money making. He believes in risk management not by seeking extreme diversification or buying sub-par businesses at low multiples, but by building a reasonably diversified portfolio of high quality businesses having long term competitive advantages in attractive and high growth industries.

Samit returned to India in 2006 after spending a decade in the USA working initially in corporate strategy with Gap Inc. and PwC Consulting, and then with Deloitte and Ernst & Young advising companies on business valuation and M&A. This experience forms the backbone that helps him better understand businesses and their fair value. Samit is a CFA® charter holder, an MBA from Olin School of Business of the Washington University in St. Louis and holds a Bachelor of Engineering degree with Honors from Sardar Patel College of Engineering (SPCE), Mumbai University.

Twitter | LinkedIn | Site
 
Agenda
  • SageOne's Style of Identifying Outstanding Investment Opportunities
  • Common Traits of Winning Stocks
  • Role of Earnings Growth & Entry Valuation in Multi-baggers
  • Role of Timely Exit
  • Warren Buffett’s Strategy of 1950s & 1960s
  • Economic Moats in the Indian Context
  • Case Studies on Hits & Misses
Raunak onkar 330x

THE ALPHA SERIES

EPISODE 19   Free

Beginners Guide to Global Equities

Raunak Onkar, Head of Research, PPFAS Mutual Fund

Raunak Onkar began his career in the stock market, 10 years ago, as an intern at PPFAS Ltd with their institutional sell side business & later on joined the Research Team as an Equity Analyst.

Eventually, as PPFAS became a pure investment management firm he moved on to the buy side. He grew under the guidance & inspiration from his mentor, the late Mr. Parag Parikh, and the CIO of PPFAS Mutual Fund, Mr. Rajeev Thakkar.

Raunak is currently the Head of the Research team at PPFAS Mutual Fund. He holds an MMS (Finance) degree from the University of Mumbai.

Twitter | LinkedIn | Site
 
Agenda
  • 97% of the world Market Cap. is outside India
  • Why publicly listed businesses across the world are worth tracking (Global Sectoral Study)
  • How to find information about globally listed companies
  • Difference in accounting standards (overview)
  • What financial statements or regulatory filings to track (US listed companies)
  • One example of a global sector for comparative financials
Snip20200530 2

THE ALPHA SERIES

EPISODE 18   Free

A Masterclass on Global Custom Development & Manufacturing Opportunity

Sajal Kapoor, Unseen Value

Sajal Kapoor is an operational risk and regulatory compliance consultancy professional with over two decades of industry experience working for banks, healthcare and investment firms.

He’s also a passionate investor always hunting for that ‘unseen undervaluation’. Over the years, both his profession and investing journey have taught him some precious lessons including the benefits of staying inside your core competence, the power of discipline, patience and time.

Sajal did his MBA from Manchester Business School in 2010 and currently stays in London with his family. He is active on twitter with the handle @unseenvalue.

Twitter |
 
Agenda
  • Pharmaceuticals | Biotech | Specialty Chemicals | Animal Health | Agro-Chemicals
  • Global Market & Gorillas (Top 7 Global & 3 Indian Players)
  • Regional Landscape
  • Critical Success Factors
  • Opportunities & Risks
  • Valuation Framework
  • Q&A
Naresh katariya 300x

THE ALPHA SERIES

EPISODE 17   Free

Gold: Portfolio Hedge in Uncertain Times

Naresh Katariya, Value Investor

Naresh Katariya has consulting experience in Investment Banking, Risk Management and Trading in global capital markets. He has headed Global Risk and Compliance Consulting unit in TCS till June 2014.

He has been full-time value investor since 2014, applying quantitative analysis to value investing. He holds a Bachelor of Engineering and Risk Management Certification (PRM).

Naresh is currently settled in Chennai and is a regular contributor to various investor forums like TIA and October Quest.

Twitter | Site
 
Agenda
  • All About Gold as an Asset Class
  • Relevance of Gold in an Investor's Portfolio
  • Where are we in Gold's long-term cycle
  • Viewer Queries
Digant haria 300

THE ALPHA SERIES

EPISODE 16   Free

A Masterclass on Indian Lending Space & Lockdown's Impact

Digant Haria, VP, Antique Stock Broking

Digant is Vice President at Antique Stock Broking and is India's top analyst for BFSI sector. Prior to Antique, Digant worked with ICICI Securities covering banking sector & JP Morgan.

He earned CFA (US) in his first attempt, MBA from National Institute of Industrial Engineering and Engeering from University of Mumbai.

LinkedIn |
 
Agenda
  • Basic Building Blocks - Banks & NBFCs
  • Lockdown Impact Vertical & Company Wise
  • Separating The Men From The Boys
Ashwini damanix300

THE ALPHA SERIES

EPISODE 15   Free

Forensics in Investing

Ashwini Damani, Senior Analyst, Ratnabali Investments

Ashwini is a Finance professional with 10 years of experience in a wide variety of roles such as Finalisation of Accounts, Due Diligence, and Corporate Law. He has been cutting teeth in Equity markets since 2007 being an Independent analyst primarily managing personal/family investments.

He believes a deep experience in Financial Reporting and Corporate Law has helped him in developing a very good eye of Financial Shenanigans and Forensics. Further, exposure to different companies during Audit at Big 4 and Financial Reporting at GE Power India & Lafarge Cement helped in understanding business models of various industries, which combined with his passion and skills of financial analysis helped in developing the core investment philosophy.

Ashwini currently works with Ratnabali Investments Pvt. Ltd., a family office based in Kolkata. He is a CFA (US) Charterholder and had cleared Chartered Accountancy in his first attempt.

Twitter | LinkedIn |
 
Agenda
  • Common Characteristics of Wealth Destroyers
  • Potential Red Flags in Annual Reports
  • A Simple Checklist to Identify Potential Frauds
  • Analyzing EPC Co.s & their Accounting
  • Case Studies
  • Best Books on Forensic
Paresh sangani 300

THE ALPHA SERIES

EPISODE 14   Free

Focussed Investing

Paresh G Sangani, CMD, Club Millionaire PMS

Paresh, aged 41 years, is the Founder CMD & CIO of the Club Millionaire Financial Services Pvt. Ltd. What started off as a modest entrepreneurial venture in 2004 is today one of India’s respected and well-reputed investment management firm, managing savings of Rs 1,150 Cr for over 600 select clients, in 23 countries worldwide. Prior to setting up Club Millionaire, Paresh managed his family business at an early age of 17 years, due to the un-timely demise of his dad. This gave him first hand exposure to the challenges & opportunities that a business faces at a very micro level. This experience strengthened his understanding of how businesses are run practically, then just going by what’s mentioned in the books. 

An ardent disciple of world’s most respected investors, Warren Buffett and Charlie Munger, Paresh is inspired by them. This is well-reflected in Club Millionaire’s culture, operational peculiarities and investment approach. It’s ‘All-Star Portfolio’ focuses on highly profitable consumer franchises and has built-up an enviable track record through many market environments. In fact, its India’s Top ‘Performing’ Portfolio Manager, as per Bloomberg Quint / SEBI reports. Paresh holds a PGDM from Symbiosis Centre for Management & has had an executive education from Columbia Business School, New York, USA.

LinkedIn | Site
 
Agenda
  • Investment Philosophy
  • Identifying Winning Consumer Franchises
  • Thoughts on Valuing B2C Businesses
  • Why Allocating Big Matters
  • Case Studies - Gruh Finance, Bajaj Finserv, Gillette, Nestle,Venky’s India, IL&FS Investment..
Amit 300

THE ALPHA SERIES

EPISODE 13   Free

Evolution of My Investment Philosophy

Amit Rupani, CFA, Full-Time Investor

Amit grew up being fascinated with equities and started his journey in Indian capital markets 15 years ago. A colleague introduced him to Prof. Bakshi's blog which has had big influence in shaping him as the investor he is today. Since then he has been learning and applying Value Investing principles. He loves to explore past business patterns that have created huge wealth for it's shareholders. Amit has been a full-time investor since 2017. He lives in Charlotte, North Carolina and has been investing in both Indian and US businesses. He has worked for Financial Services companies like MetLife Home Loans and LPL Financial in the US for 8 years. Prior to moving to the US, Amit had first hand experience running his family's hotel business in Ahmedabad for 4 years.

Amit is a CFA® charter holder, an MBA from University of Dallas, and holds a Bachelor of Commerce degree from H.L. Institute of Commerce in Ahmedabad.

Twitter |
 
Agenda
  • Investment Philosophy
  • Jungle Vs Forest
  • Smart Capital Allocation Vs Growth
  • Right Business Vs Right Valuation
  • Dr Lal Vs Metropolis
Amey kulkarni x300

THE ALPHA SERIES

EPISODE 12   Free

Investing in Lending Businesses

Amey Kulkarni, Founder, Candor Investing

Amey operates a boutique investment advisory that partners with select individuals and family offices in their journey of wealth creation through investments in the Indian equity markets.
Amey has worked in multi-national corporations like L&T, Jindal Steel, Siemens for a decade with experience spanning across India, Europe, and African markets, in various roles like business development, project management, and corporate strategy. Having gained unique insights into the internal workings of large diversified businesses from close quarters, he now applies the learnings to run an investment fund at Candor Investing which invests in companies that don’t require external capital, have the ability to grow for a long time and are run by honest & hungry management. Amey is also passionate about sharing the learnings gained out of his investment experience & occasionally takes up visiting faculty assignments at Indian business schools.

Twitter | LinkedIn | Site
 
Agenda
  • Judging Quality Good Vs Bad
  • What Drives Valuations? Bajaj Fin@10x Book & Yes Bank@0.5x
  • What Drives Returns? Growth, RoE or NPA
  • Case Studies - NBFCs, HFCs, Gold Loan & Banks
  • One current Stock Idea
Gordon dsouza 300x

THE ALPHA SERIES

EPISODE 11   Free

Investing with the odds

Gordon Dsouza, PE Professional & A Passionate Investor

Gordon Dsouza has been a private equity investor for over 12 years and a public market investor since the early 2000s. As a private equity investor he has made investments across a variety of industries which include consumer, healthcare and industrials. He has also been involved in multiple exits in various exit formats such as IPOs, M&A and secondary sales. Gordon received his MBA from Management Development Institute (MDI) in 2007 and prior to that he received his Bachelors in Engineering from VJTI, Mumbai in 2004. Apart from investing Gordon counts reading, travel, history, fitness and mentoring of young adults as his interests and hobbies.

Twitter | LinkedIn |
 
Agenda
  • Investing Framework
  • View on Consumer Space
  • Age of Disruption
  • Case Studies - Bajaj Finance, Ujjivan, Hatsun
  • Case Studies - VMart, Bharti Infratel & More..
Abhishek basumallick 330x

THE ALPHA SERIES

EPISODE 10   Free

My Investment Journey, Philosophy & Lessons

Abhishek Basumallick, Chief Advisor, Intelsense

Abhishek has an experience of nearly two decades in the Indian markets and has witnessed many bull and bear cycles over this period. His focus is on finding strong long-term compounding stories that can help create investor wealth. He emphasis on building the investment mindset and reducing behavioral biases while investing.

By education, Abhishek is an engineer with an executive management degree from IIM Calcutta. He has been investing since 2000 and his faith in equities is such that personally he is 100% invested in equities.

He strongly believes in investor empowerment and has been associated as a moderator with ValuePickr since its inception. In addition to investing, Abhishek is a sports lover, and himself plays tennis regularly. He is passionate about reading and reads voraciously. Lately he has also started binge watching detective shows on Netflix & Prime Video.

Twitter | LinkedIn | Site
 
Agenda
  • How I Began
  • Insights and Learnings
  • Ideation, Selection, Allocation, Selling
  • Favourite Investing Books
Prof sanjay bakshi

THE ALPHA SERIES

EPISODE 9   Free

Fragility & Optionality in Business Models

Sanjay Bakshi, Professor, MDI

Prof. Sanjay Bakshi is one of India’s best-recognized finance professors who has been teaching Behavioral Finance, Business Valuation, Forensic Accounting & Corporate Governance at Management Development Institute, Gurgaon since 2001.

He received M.Sc. (Economics) from London School of Economics and Political Science and B.Com. (Hons.) from University of Delhi.

He is also a fellow member of the Institute of Chartered Accountants of India.

Twitter | LinkedIn | Site
 
Agenda
  • Sources & Patterns of Fragility
  • Hidden Sources of Upside
  • Probabilities & Consequences
  • Indian & Global Case Studies
Varadharajan 300x

THE ALPHA SERIES

EPISODE 8   Free

Basics of Forensics & Scuttlebutt

Varadharajan R, Value Investor

Varadha is a self taught investor with a focus on small companies ignored by Mr. Market. He views investing as an intersection of economic incentives, psychological motivations and on-the-ground triangulation. He is a voracious reader and likes to read books on investing, science as well as fiction.

He focuses on hypothesis that confluences several broad ranging factors and picks stocks that have an asymmetric risk-reward trade-off.

He has done several sessions on forensics, triangulation, scuttlebutt and writes occasionally.

Twitter |
 
Agenda
  • What’s Forensics?
  • How to Spot Frauds?
  • P&L Misstatement Checks
  • Balance Sheet Checks
  • Cash Flow Conversion Issues
  • What’s Scuttlebutt?
  • Triangulation Process
  • Ways to Find Truth About Companies
  • Case Studies
Jana

THE ALPHA SERIES

EPISODE 7   Free

3 Bucket Investing Framework & My Learnings As A Value Investor

Jana Vembunarayanan,

Jana is a Software Engineer working in California. He got interested in value investing after reading One Up On Wall Street in 2006. He started his investing journey 12 years back and he has been periodically investing in index funds. Never believed in picking individual stocks until he came across Prof. Sanjay Bakshi’s post on VST Industries in 2011.

Prof. Sanjay Bakshi’s writings have influenced him profoundly and made him read voraciously from multiple disciplines. In the quest of acquiring worldly wisdom, Jana started reading one book every week. To learn things deeply, he wrote his first blog in 2013. In the last five years, he has written close to 250 posts. You can find his writings at janav.wordpress.com.

Twitter | Site
 
Agenda
  • Three bucket framework to Investing
  • Can the market be timed?
  • What matters most in compounding?
  • Things I look for in money managers
  • Things I look for in businesses
  • Learnings from Flame Investment Lab
  • Learnings from Internship with Ankur Jain
  • Books you must read
Naresh katariya 300x

THE ALPHA SERIES

EPISODE 6   Free

Global Economic Cycle: How Long Will The Party Last?

Naresh Katariya, Value Investor

Naresh Katariya has consulting experience in Investment Banking, Risk Management and Trading in global capital markets. He has headed Global Risk and Compliance Consulting unit in TCS till June 2014.

He has been full-time value investor since 2014, applying quantitative analysis to value investing. He holds a Bachelor of Engineering and Risk Management Certification (PRM).

Naresh is currently settled in Chennai and is a regular contributor to various investor forums like TIA and October Quest.

Twitter | Site
 
Agenda
  • US Economy is currently rocking, but…
  • Global Trade War
  • End of QE?
  • Rising Interest Rates' impact on Equities?
  • Takeaways for Indian Economy
Ravi dharamashi 300x

THE ALPHA SERIES

EPISODE 5   Free

Fortune at the bottom of the pyramid – Small Finance Banks in India

Ravi Dharamshi, Founder & MD, ValueQuest Investment Advisors

Ravi has been associated with the Indian stock markets for over 16 years. He has worked in the past with RARE Enterprises, where he was involved with research, private equity deals and value creation activities. He is currently the Managing Director of ValueQuest Investment Advisors, a SEBI registered PMS managing more than 600 Cr. In this role, he heads Investment Strategy and Research at ValueQuest.

Ravi has an MBA in Finance from McCallum Business School in the US.

With an enviable track record in stock picking and his ability to take bold calls, he has been instrumental in generating outsized investment returns. Some of stellar picks include the likes of Cera Sanitary, Amara Raja Batteries, Natco Pharma and Eclerx.

Twitter | LinkedIn | Site
 
Agenda
  • The Opportunity Size
  • Value Migration Opportunity
  • SFB Vs Payment Banks Vs Housing Finance
  • MFI to SFB Transition
  • Key Risks
  • CASA with AU, Equitas & Ujjivan
  • MicroFinance + MSME + Affordable Housing
  • Depressed Valuations
  • Compounding Machines
Samit vartak 300x

THE ALPHA SERIES

EPISODE 4   Free

Thoughts on Valuation along with Case Studies

Samit Vartak, CIO, SageOne Advisors

Samit is one of the founding partners and Chief Investment Officer responsible for ensuring SageOne’s adherence to its core investment philosophy and discipline of risk management. His focus is on building long term wealth for the clients even if it means sacrificing short term money making. He believes in risk management not by seeking extreme diversification or buying sub-par businesses at low multiples, but by building a reasonably diversified portfolio of high quality businesses having long term competitive advantages in attractive and high growth industries.

Samit returned to India in 2006 after spending a decade in the USA working initially in corporate strategy with Gap Inc. and PwC Consulting, and then with Deloitte and Ernst & Young advising companies on business valuation and M&A. This experience forms the backbone that helps him better understand businesses and their fair value. Samit is a CFA® charter holder, an MBA from Olin School of Business of the Washington University in St. Louis and holds a Bachelor of Engineering degree with Honors from Sardar Patel College of Engineering (SPCE), Mumbai University.

Twitter | LinkedIn | Site
 
Agenda
  • Is market really over-valued?
  • Is 22 P/e Expensive?
  • 2018 Vs. 2008
  • Valuation - An art or a science?
  • Is value real or in the eyes of the beholder?
  • Is there bias in Valuation?
  • Approaches to Valuation
  • Does complexity mean precision?
  • Case Studies
Deepak kapur 300x

THE ALPHA SERIES

EPISODE 3   Free

Thoughts on Valuation, with examples of cyclicals

Deepak Kapur, Professor & Value Investor

Deepak Kapur is an investor and educator based in Chennai, India. He has over 15 years of experience in the secondary equity markets of India. He primarily focuses on the mid and small-cap space in the secondary equity markets of India. He is value conscious and his preferred style is to hunt for opportunities in businesses that are currently out of favor in the market. He is passionate about teaching and is a visiting lecturer at the Indian Institute of Management, Indore, where he has been teaching a course on Business Valuation since the last eleven years.

He earned his Bachelors in Chemical Engineering and Master’s in Biological Sciences from the Birla Institute of Technology and Science, Pilani, and completed his MBA from Indian Institute of Management, Indore. He is an avid surfer, yoga practitioner and loves reading. His subjects of interest include; history, brain sciences, empirical psychology, financial markets, entrepreneurship, health and nutrition.

Twitter | LinkedIn |
 
Agenda
  • Does valuation really matter?
  • What is Intrinsic value?
  • An alternative to DCF
  • The right way to calculate RoE
  • Valuing businesses using multiples
  • Thoughts on P/e multiple
  • Vmart Vs Dmart
  • How to value cyclicals?
  • Graphite Electrode Sector
  • Are HEG & Graphite India fully priced?
  • Are hotel stocks cheap?
  • Common pitfalls in valuation
Rajeev agrawal 300x

THE ALPHA SERIES

EPISODE 2

Value of Discipline & Creativity in Investing

Rajeev Agrawal, Founder, Doordarshi Advisors

Rajeev is the Founder and Managing Partner at DoorDarshi Value Advisors which applies Value Investing to the Indian equity market. DoorDarshi focuses on companies that can compound wealth over the long term by partnering with like minded managers in high quality businesses having reasonable valuations.

Prior to starting DoorDarshi, Rajeev was the Managing Director at IHS Markit, Nasdaq listed company. In his previous roles, he has been a Technology executive at some of the leading financial firms like Goldman Sachs, Bank of America and JP Morgan. Rajeev did his B.Tech from IIT Bombay and MBA from IIM Calcutta.

Twitter | LinkedIn | Site
 
Agenda
  • Investment Process
  • Pattern Recognition
  • Discipline Vs Creativity in Investing
  • Growth Vs Value Investing
  • Position Sizing
  • Case Studies
  • Quantitative Vs Qualitative Investing
  • How I identified a 10-bagger
Gaurav sud 300x

THE ALPHA SERIES

EPISODE 1

Decoding Special Situations with GS

Gaurav Sud, Managing Partner, Kanav Capital

Gaurav is a BTech from IIT Delhi and MBA in Finance from IIM Calcutta. He has over 18 years of experience in M&A, corporate strategy, financial restructuring & capital markets and has previously worked with KPMG, Wipro, Keane & WNS.

He founded the corporate advisory firm - Kanav Capital Advisors Pvt Ltd and currently is its Managing Partner. He has a deep interest in investing and manages his personal and family's money. Over the last decade he has successfully followed strategies that have given above average risk adjusted returns. Special Situation investing is a keen area of interest for him.

Twitter | LinkedIn |
 
Agenda
  • What is a Special Situation?
  • Types of Special Situations?
  • Why invest in Special Situations?
  • Case Studies
  • Potential Option Value
  • Resources on Special Situations
  • Downside of the strategy
  • Potential Ideas
  • My Experience
Vishal saurabh 300x300

THE WISDOM SERIES

EPISODE 1   Free

In Conversation with Altais Advisors

Vishal Mittal & Saurabh Basrar, Partners, Altais Advisors

Vishal has over 14 years of experience spanning equity investing and financial consulting. He has been investing in the Indian equity markets since early 2000’s. He has previously worked with Bharti Airtel and A T Kearney. He earned his MBA from Indian Institute of Foreign Trade (IIFT) and has also completed the MDP at IIM-A.

Saurabh started his career with Citibank and worked with A T Kearney and Fidelity Investments in India and abroad. Saurabh has been investing in equity markets since 2003. Saurabh is CFA charter holder from CFA Institute (USA) and is also a member of The Institute of Chartered Accountants of India.

Site
 
Agenda
  • Brief Background & Introduction
  • Altais' Investing Philosophy
  • Portfolio Construction & Allocation
  • Big Winners & Losers
  • Favourite Investing Books
  • Masterclass with Super-Investors
  • Key Lessons