Do you know what is “drown-proofing”?
I have some idea.
I read about it here. And I quote:
Most Bollywood movies are about the victory of the hero (good) over the villain (evil).
Most Hindu mythological stories are about the victory of Dharma (good) over Adharma (evil).
And most enduring investment successes are about the victory of returns (good) over risk (evil).
A very happy Dussehra or Vijayadashami to all the readers of Smart Sync Services. There are three religious stories for why Dussehra is celebrated today in India:
Smart Sync Investment Advisory Services is a SEBI Registered (INA000007881) Investment Advisory firm.
We at Smart Sync Investment Advisory Services (SSIAS) are guided by the words of wisdom from the father of Investment Management, Benjamin Graham —
An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return.
One may achieve great returns in the stock market, but we firmly believe that the Return Of Capital is more important than Return On Capital. Thus, while we look for avenues providing an adequate return, we don’t compromise on the protection of our clients’ capital.
We are excited to share that we are now on the smallcase platform.
I run the risk of losing a few of my existing and prospective clients for Smart Sync Services when I write this. If you agree with what I am going to say now, I may not get any business from you. In fact, I may lose a few of my existing clients. However, I hope that I would earn your trust. And maybe, sometime in the future you would come back to me and give me more business when you reap the rewards of this invaluable advice. Let’s deep dive into one of my most loved investing philosophy: “Survive to Thrive”
“Survive to Thrive” has been a very powerful and motivating thought for me. During tough times, in investing and in personal life, I use it as a tool to get me back on my feet and start working towards my goal. I have written a couple of blogs here and here. Both had a different angle of looking at the investing landscape from the lens of “Survive to Thrive”.
Welcome to the third edition.
“Simplicity is the ultimate sophistication.” — Leonardo da Vinci
Like many things in life, ‘Investing’ works best when it is kept ‘simple’.
You don’t need a jazzy dashboard or a complex excel model to make wealth over the long run. The wealth generation process is simple and boring. And it is the same for everyone.
A slightly edited version of this post was originally published in Morningstar.
The price to earnings ratio, or P/E ratio, is probably the most commonly used valuation metric in the stock market. It is a mathematical expression calculated by dividing a company’s current market value by the net profits of the current year.
Murphy’s Law says “Anything that can go wrong will go wrong“.
Today, the management of VIP Industries would probably agree to it more than anyone.
We have extensively covered (here and here) the progress of VIP Industries over the last seven quarters.
Recently, COVID-19 has led to many ugly surprises for VIP that no one could have envisaged.
And that reminds me of this quote by Robert Rubin:
Condoms aren’t completely safe. My friend was wearing one and he got hit by a bus.
Risks often play out in the most unanticipated ways.
We, at Smart Sync Services, have been attending conference calls of listed companies for a long time.
From Q3FY19 onwards, we decided to make our notes on these calls available for our readers.
You can see all the updates of the last seven quarters here.
If you don’t want to miss these updates, please subscribe to our mailing list.
From the last quarter (Q4FY20), we decided to compile all the notes in one single document.
You can find the Q4FY20 report here.