Competition is going to be very stiff in this space and Google has started rolling out new features in their maps. JIO will shortly launch its own map platform and with their supplier base of 460M, they can bundle with data or JIO phones which can disrupt the market. I have already switched to waze, a community driven map application but owned by Google and am pretty happy with it. MapmyIndia growth should mostly come from B2B segment and we need to see if they can standout in the crowd with good offerings but still making money

Hi All,

I am a management professional with 20 years of experience in the telecommunications industry.

About my investing journey :

Since 2016 , I developed an interest in investing .As most of the aspiring investors of this generation, I chanced upon Warren Buffet, read his letters to shareholders ,his biographies by Roger Lowenstein and Alice Schroder and read almost everything on and recommended by Warren. One thing lead to another and discovered Charlie Munger (Must say was enamored by his concepts on Lattice work of Mental models, Poor Charlies Almanack , Psychology of human misjudgment etc), Ben Graham, Howard Marks etc etc . For a long period of time my phones Wallpaper was Charlie Munger surrounded by Books sitting comfortably in his arm chair and reading profusely. That was and is my idea of financial independence.

Another great influence was professor Sanjay Bakshi . I devoured almost everything written and spoken by the venerated prof.
This period from 2016 till 2020 was a period of intense reading and I read almost every investing author worth his salt during this period.

But my investments was performing badly as most of the fun was derived from bookish knowledge and didn’t bother to do the spade work of investment research.

Then in 2020 when covid struck, I had some extra spare time and chanced upon VP forum and Screener.in. In VP forum I was awe struck by some dynamic and passionate investors and that helped me to figure out the “wheat from the chaff ” (Journey is still on , still its more chaff and some wheat ).

I keep going back to the investment journey of the stalwarts in VP like Ayush Mittal, Dr. Hitesh Patel, Abhishek Basumallick, Donald to keep me motivated when the chips are down.

My personal portfolio after 3-4 years of losses also made some descent gains in the Covid rebound and subsequent bull run (Although I am sure luck and rising tide that takes everything high with it had a major role to play).

I am presently employed in a telecom company , but this is not what I want to do for the rest of my life. I thoroughly enjoy the process of investing and love to spend my day reading and thinking.

Sharing my portfolio here with a brief description of the investment thesis on each of the companies.

I will also use this space to upload interesting bits of information and things that I have learned / come across on and off.

Hope to get feedback from fellow investors.

P.S: The portfolio weightages are lopsided due to runup and drawdown of certain scrips. I am still poor in selling | portfolio balancing along with many other things . The basic premise or question that I keep asking is whether the businesses can double in 3 years from these levels/ purchase prices which ever is higher (26% CAGR). If I believe so I give it a long rope.

VIP Industries Q2FY24 Concall Summary

Acquired, an excellent long-form podcast that covers great businesses and their history, recently did an interview with Charlie Munger. It is possibly his only long-form podcast interview ever.

Charlie Munger (Audio)

Creating this thread to discuss the interview and read everyone’s thoughts on it.

Its all gone Pete Tong in this one…

Sometime in early 2017 I was holding Divis and used to diligently follow their concalls. The promoter had assured the querying investor/analyst that he was confident of coming out of the usfda issue that was plaguing the company at that time by the end of the current quarter but during the follwing quarter concall post the results the problem was still not over… I was making a 50 rupee profit, probably bought around 575-600 and decided to book out as the promoter couldnt fulfill his word… the issue got resolved soon after I sold and looking back on hindsight that was just the beginning of the bull run for Divis Labs and the share price went on a tear till 5000…

Having followed Natco Promoters I am of the view that they are experienced, have a clear goal and growth path for their company in complex generics …They have faced USFDA observations in the past and this time too I am confident that they will resolve it in a quarter or a month more. That being said, Kothur is a big dedicated export manufacturing plant for them and most likely handles the bulk of the exports for the company having more than 1000 employees working there. I dont know how or whether these usfda observations restrict exports from this plant, but it is obvious that this very fear is sinking the share price for now.

A H&S breakdown occured today, the target is coming to around 668… I will be a buyer around 700 for sure