Link Disclosure: No position in MCX.
I had earlier blogged about Ashiana Housing and this lecture on 21 December, 2013. Varun Gupta, who is Wholetime Director at Ashiana Housing delivered this lecture to my students at MDI on 31 December, 2013. Finally I got the time today to upload the edited lecture video on YouTube. I have spliced the lecture video… Continue reading The Ashiana Housing Lecture Revisited
My BFBV course @ MDI got over in January 2014. One of the highlights of the course was a live case on Relaxo Footwear, a company in which I am invested. The case was initiated at the beginning of the course. On 15 September 2013, I posted a mail (The Relaxo Cinderella Project) to my… Continue reading The Final Relaxo Lecture
I had sent this to my BFBV students on 23 September when the stock was quoting at Rs 204 on a pre-split (5 for 1) basis. Unfortunately, the lecture could not take place as scheduled on 27 September. It is now scheduled to take place on 31 December. Note: I am long Ashiana Housing and hence… Continue reading The Ashiana Housing Lecture
Lecture delivered at MDI yesterday based on work done as of July 2013. Thanks. Note: I am long Thomas Cook, and hence you should assume I am biased in its favor.
A few minutes ago, I asked my BFBV students to start work on a "killer puzzle." You are invited to participate and, if you want, help my students do a good job. Thanks.
DNA reports "Castrol India says it won't stop investing despite slowdown" Huh? When did it start? Not for the last 16 years, no! You can't really stop what you haven't started for last 16 years, can you? 🙂 Nevertheless, over those 16 years, Castrol India paid its shareholders dividends aggregating INR 28 billion and to… Continue reading “Castrol India Won’t Stop Investing in India”
A story on Financial Technologies (a stock which dropped 65% yesterday and then another 20% today) in today's Livemint mentions "warehouse receipts." QUOTE What’s the fear? That there is no underlying commodity is the fear. NSEL says it will sell the commodity and meet its payment obligations, but what if there are no commodities? Surely, there… Continue reading Those Warehouse Receipts Again and What to Do About Them?
http://www.dnaindia.com/money/report_yes-bank-moves-to-recall-deccan-loan_1779106 QUOTE: “The Deccan account is still not an NPA." UNQUOTE Just an example of Psychological denial amongst bankers. If an unpaid loan is not an NPA, what is it? Reminds me of similar words once penned by Warren Buffett many years ago. He questioned the logic of companies not treating stock options as expense… Continue reading Yes Bank moves to recall Deccan loan