I have been working in the construction industry and my dad is a home builder back in India. I was never enthusiastic about home builders as I know this is a very fragmented industry with low margins and high working capital requirements. However, the company we are going to discuss today is above average business … Continue reading NVR ~ Quality Home Builder
Heads I win, Tails I don't lose much
I heard about this company when Tobias Carlisle piteched it on Investor's podcasts episode 188 Tobie is the founder of Carbon Beach Asset Management and an author of Deep Value. I admire him for his thoughtful picks and good research. I decided to look into this when I found similarities with Argan and ideas mentioned in Mohnish … Continue reading Argan Inc (AGX) – Low risk; High uncertainty bet!
I came across this company through my twitter feed when I saw Mohnish Pabrai buying KRBL, a company at 30 times its earnings! That's an outrageous buy for Mohnish looking at his historical track record. He likes to buy companies that are being sold at their next 2-3 year's earnings (Rain Industries, Fiat Chrysler etc). … Continue reading Basmati Rice King – KRBL Ltd
I am a huge fan of Mohnish Pabrai and his investment philosophy. I wanted to retain and remind myself of his lessons from his book ‘Dhandho Investor’. The post is about major ideas discussed in the book that stood out to me. I would be happy to share the scanned copy of the book with … Continue reading Dhandho investor
Premise I came across AerCap as I was scanning through Mohnish Pabrai's Portfolio, It's his third largest position with 11% of his U.S funds. I am a big fan of his investment approach where he bets on businesses with low risk and high uncertainty, that have higher reward potential in the future. His key targets … Continue reading AerCap Holdings (AER)
I will start with saying that, knowledge is true wealth to succeed in life. Getting a quality education and a job that we like is very important in the beginning. Once we start a job and have a salary, the first and foremost rule to become rich is - to spend less than what we earn. … Continue reading Power of compounding and a math of 15 year old