You don’t have to delete the post. Discussions like these not only help people who are invested now, but in future too. Beliefs, biases also play a role in our investment journey, and when I read some old threads, I get to know what happened at a given time, and how both supporters and doubters presented their views. Not everything is quantifiable when it comes to investing.

If one individual person with no connections to the business in any manner can find wrongdoings, then it is not surprising if the institutions or big players know and distance themselves. I also don’t deny the fact that money can be made even in the worst of the situations, if one can time the exit, which it seems you have and can again.

I can suggest to go through the threads of 8k Miles, Talwalkars and Vakrangee and see if you can get any new insights.

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You should check why Bajaj Finance is valued at super premium as compared to its peers. That’s because of the excellent cross sell customer base they have. It can keep on getting those excellent ROA’s basis the cross sell base they have which will drive future growth. Mix/kind of customer base/repeat customers is also imp. Good brand/management creates those “AUM, customers, teams etc.” Did Nestle create Maggi or Maggi created Nestle.

By your logic new ventures by a good brand name should be valued at zero because it doesn’t have any biz?
Lets say for an example Bajaj enters MF biz (I know it already has) will you value it by AUM or pe/pb/etc metric? That’s how 1000cr looks very cheap for Bajaj MF at the 1st day of incorporation (since you know Bajaj has those quality customers to cross sell). Now extrapolate this with the Shriram brand attached to this entity and the grp support and ppl expertise which it can get and then value the co.

I am not sure why you are mixing brand value with the exit valuation. Anyways, my thought on brand value was with respect of the cross sell base and the grp support they can get…

Incorporation of a wholly owned subsidiary in Saudi Arabia

can you elaborate as what is swap?