The Bullet Proof Investing Seminar
Venue: ITC Grand Chola, Chennai
Some great speakers lined up
We will share the key learnings live.
Like, Repost & Bookmark for future reference.🙂
Let's Go!
Venue: ITC Grand Chola, Chennai
Some great speakers lined up
We will share the key learnings live.
Like, Repost & Bookmark for future reference.🙂
Let's Go!
The invocation Prayer and Welcome address is done.
The first speaker, Mr. Rajeev Thakkar, @PPFAS is on stage now.
The first speaker, Mr. Rajeev Thakkar, @PPFAS is on stage now.
Surprisingly, he talks about "Artificial Intelligence." 😀
And he starts with AlphaZero
Now don't tell us you don't know about it. 🙂
And he starts with AlphaZero
Now don't tell us you don't know about it. 🙂
Attention Is All You Need
How AI is being used already.
Some prominent businesses that are doing great work in the field of AI.
Machine Learning + Intelligence
Foundation Models
Does AI have a model of the human world?
If AI model is trained on biographies of both Hitler and Gandhi, you don't know what it will turn out to be.
@benedictevans Rajeev Thakkar ends his brilliant talk and now comes Mr. Manish Chokhani (@chokhani_manish)
An Investor Manual
An Investor Manual
What is Investing?
The G-7 world is in a mess.
India is undergoing a generational shift
Think about managements leaders and motivation
India is undergoing a generational shift
Think about managements leaders and motivation
Global Macro
Some more context of global macro
Horrific implications when interest rates rise.
Post Bretton Woods:
Manias end in long bear markets
Manias end in long bear markets
What may lie ahead for the developed world.
Why the Fed cannot stop USA spending?
Broader US market senses trouble
Nobody knows anything anymore
Some scary data from the USA
Japanification
China
40, 40, 40
40% consumption
40% investments
40% exports
Deduct 20% imports
And you get their GDP
40, 40, 40
40% consumption
40% investments
40% exports
Deduct 20% imports
And you get their GDP
China drove the commodity mania
China drove manufacturing, exports and consumption.
If you are a value investor, you may be tempted to buy China now.
And it has given zero returns for last 10 years.
And it has given zero returns for last 10 years.
China's economic woes are just starting.
Global macro implications for Indian markets
Global macro implications for Indian markets
In the world of the blind, the one-eyed.
India 🇮🇳
India 🇮🇳
India 🇮🇳
Some more data
Some more data
India's 108 unicorns have created $350B in value
Gave the examples of Lenskart.
From 100 million to 8 billion in 6 years.
From 100 million to 8 billion in 6 years.
A few more examples.
India is going to be young for long.
India = Mexico + Sub Saharan Africa
India could revert to ~20% global GDP share from 3%
~20 years of infrastructure growth to catch up with China
India is one of the several "China+1" beneficiaries.
Should we cry over the lost opportunities on the last 25 years or should be excited about the next 25 years?
Half empty or Half full?
Not all is well.
Lot to fix.
Lot to fix.
Some more poor legacies of the past.
GOI Finances: +9 -15 cannot be our path to destiny
India 🇮🇳
Sone ki chidiya 🦜
Sone ki chidiya 🦜
Megatrends
And the presentation of Mr. Manish Chokhani (@chokhani_manish ) ends.
Q&A begins.
Q&A begins.
@chokhani_manish The 3rd speaker begins
EA Sundaram
Executive director at O3 wealth & Asset Management
EA Sundaram
Executive director at O3 wealth & Asset Management
@chokhani_manish Noises
@chokhani_manish Internal Factors > External Factors
4 absolutely essential external factors to consider as an investor.
Some simple points that we often forget while investing.
Who am I?
Time horizons
Timing is Hard!
It's not greed. It's envy, that's the biggest problem.
How we react to underperformance and volatility
Alpha & Drawdowns
Even blue-chips are volatile
Returns not in your hands
Beginning of Slump
End of Slump
Price Now
End of Slump
Price Now
Circle of Competence
Boring Stocks Spectacular Returns
Unchartered Territory
Closing Thoughts.
While we are about to break for lunch, you may like to read more detailed notes by @akshat96jain on all 3 investors here.
Speaker 1 @RajeevThakkar
Speaker 2 @chokhani_manish
Speaker 3 @EASundaram
Speaker 1 @RajeevThakkar
Speaker 2 @chokhani_manish
Speaker 3 @EASundaram
After a heavy and sumptuous lunch, we are back with the 4th Speaker.
Mr. Krishnakumar Karwa
MD, Emkay Global Financial Services
"Investing isn't only buying"
Mr. Krishnakumar Karwa
MD, Emkay Global Financial Services
"Investing isn't only buying"
Family and joy comes first.
It's okay to pay taxes
Sell on major structural changes
And Euphoria
Mr. Market
The visible voice
Don't get married to stocks
The visible voice
Don't get married to stocks
Avoid noise and clutter - humans have conquered the Everest
High-frequency indicators are good for investment disclosure, but they are not necessarily good indicators for analysis.
Borrowed Conviction is a crime.
Opportunity Cost > Cost of Acquisitions
Let your winners run. Period.
The only constant is change.
Example: Varun Beverages
Revisit
Reevaluate
Rework
@ishmohit1 & @soicfinance you may like this one. 🙂
Example: Varun Beverages
Revisit
Reevaluate
Rework
@ishmohit1 & @soicfinance you may like this one. 🙂
Retest the Intrinsic Value
Concluding Points
The second part of the presentation
Rise of India Manufacturing
Rise of India Manufacturing
Global & Indian CEOs about India Manufacturing
The world is more confident of India
India 🇮🇳 manufacturing
A Shining Star
A Shining Star
Nursing back to health
Improving Balance Sheet & Lower Tax Outgo.
China+1
Deja vu
Govt Capex at ATH
PLI scheme
Coming within the reach
Risks
Valuation provides comfort
The 4th speaker's session ends.
Q&A starts. :)
Q&A starts. :)
You may like to read the detailed notes of Mr. Karwa's talk here
Compiled by @akshat96jain
Compiled by @akshat96jain
Time for the 5th Speaker
Small Cap Investing- It's a Marathon and not a sprint.
Mr. Samir Rachh, Fund Manager at Nippon India Mutual Fund.
Small Cap Investing- It's a Marathon and not a sprint.
Mr. Samir Rachh, Fund Manager at Nippon India Mutual Fund.
Career So Far
1986- 1990 First love with the market
1990-1995 Formative years of Learning- Capital Market Magazine.
1995- 1998 Becoming entrepreneur and confidence building investing.
1998-2007 Hinduja Finance & Emkay Global Finance Services
1986- 1990 First love with the market
1990-1995 Formative years of Learning- Capital Market Magazine.
1995- 1998 Becoming entrepreneur and confidence building investing.
1998-2007 Hinduja Finance & Emkay Global Finance Services
Career So Far
2007 onwards with Reliance Mutual Fund Nippon India Mutual Fund
2007 onwards with Reliance Mutual Fund Nippon India Mutual Fund
Fantastic Performance
Small Caps No Longer a Small Category
Large AUMs
Risks have reduced
Long Term Investing is The Only Sensible Way!
Importance of Depth & Breadth
Virtues of Diversification
They have 190 stocks and have delivered 25% + CAGR.
They have 190 stocks and have delivered 25% + CAGR.
Learning over 3 decades
That brings us to the end of this amazing session on smallcaps.
Q&A time.
Q&A time.
More detailed notes made by @akshat96jain here👇
@akshat96jain The 6th Speaker starts
Mr. Sankaran Naren
CIO, ICICI Mutual Funds.
He was not keeping well, so he couldn't come down for the event.
So he recorded a session and sent it.
We are watching that recorded session.
Mr. Sankaran Naren
CIO, ICICI Mutual Funds.
He was not keeping well, so he couldn't come down for the event.
So he recorded a session and sent it.
We are watching that recorded session.
Detailed notes by @akshat96jain here
Now comes Mr. Rajeev Khanna (husband of Dolly Khanna, whose name appears in stock exchange filings).
Sharing his amazing journey.
Mesmerizing talk.
Tweets won't justify. You had to be here and watch him speak live. 🙂
Sharing his amazing journey.
Mesmerizing talk.
Tweets won't justify. You had to be here and watch him speak live. 🙂
You can't miss this.
Do read out this note ptepared by @akshat96jain on the excellent talk by Mr. Rajeev Khanna here
Do read out this note ptepared by @akshat96jain on the excellent talk by Mr. Rajeev Khanna here
It's time for a Fireside chat with Mr. Govind Parikh.
Being moderated by Mr. Shyam Sekhar (@shyamsek).
Another fascinating session.
Wait for notes by @akshat96jain.
Being moderated by Mr. Shyam Sekhar (@shyamsek).
Another fascinating session.
Wait for notes by @akshat96jain.
Here it is
Notes of an excellent session between Mr. Govind Parikh & Mr. Shyam Sekhar (@shyamsek) prepared by @akshat96jain
Notes of an excellent session between Mr. Govind Parikh & Mr. Shyam Sekhar (@shyamsek) prepared by @akshat96jain
Excellent closing note by Mr. Shyam Sekhar, to end a great day o learning from the greats in investing.
Check out the notes from @akshat96jain
If you found value, "Repost" the 1st tweet to help us educate maximum investors.
Have a good weekend. 🙂🙏
Check out the notes from @akshat96jain
If you found value, "Repost" the 1st tweet to help us educate maximum investors.
Have a good weekend. 🙂🙏
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