Books I Wish I Had Read Before 20

Charlie Munger, vice chairman of Berkshire Hathaway, once commented – “In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time – none, zero.” I came across this comment in mid 30′s and it made me to read a book every week. If I…

Value Investing: An Introduction

Recently I attended a course at Stanford on Value Investing: An Introduction. The course was taught by Kenneth J Marshall who is a value investor and Chairman at Judicial Capital. It is one of the best course I have ever attended on value investing. In this post I will write about my learnings from the course.…

Berkshire Hathaway 2013

I am a shareholder of Berkshire and I wrote about my understanding of its business here. Few hours back Buffett published his 49th shareholder’s letter. As usual it is a treat and I throughly enjoyed reading it. Some of the highlights from the letter. 1. Business Insurance float grew by 5.63% from $73.12 billion to $77.24 billion. The underwriting…

IBM

Capitalism is creative destruction. This statement is very true for the information technology (IT) industry. In order to thrive in this industry, companies should constantly innovate and adapt to the ever changing conditions. Take a look at the evolution of the IT industry. International Business Machines (IBM) is the only company which thrived for over…

Newton’s laws of motion

People originally discovered physics and other sciences by asking how and why questions. Recently I read the book How Everything Works by Louis A. Bloomfield. This book teaches physics by answering the how and why questions on everyday objects that we see and use. In this post I will be explaining about Newton’s three laws of motion.…

Be A Cloner

There are 50,000+ publicly traded businesses globally. Even a 10 person investment team can only evaluate a few hundred public companies every year. How does a retail investor like me identify great businesses from a very large dataset? Recently I watched the lecture given by Mohnish Pabrai at MDI. His solution to the problem is…

Piramal Enterprises

Piramal Enterprises is a public company headquartered in Mumbai, India. The company was founded in 1988. Ajay Piramal is the chairman of the company. It is a diversified conglomerate having its presence in three sectors (1) Pharmaceuticals (2) Information Management (3) Financial Services. Given below are the charts showing its Income, EBITDA, Equity, and Debt for the…