Repco Home Finance

Abraham Maslow was an American psychologist who was well known for creating Maslow’s hierarchy of needs pyramid. He studied the behaviors of exemplars like Albert Einstein. And wanted to understand why some people could attain such unbelievable heights, while so many others continue to struggle. He explained this difference with hierarchy of humans needs pyramid.…

VST Tillers

In the first decade of the 21st century, the population of the world produced more economic output than the first nineteen centuries combined. How did we achieve this tremendous feat? In the last two centuries we learnt to augment muscle power with efficient energy sources like oil, natural gas, and atoms. We invented new machines which used these energy…

John Deere

During the early 19th century, farmers in Midwest America struggled with their cast-iron plows. Most of the plows were made in Northeast America and it didn’t suit the sticky Midwest soil. The dirt from the soil caked on their plows and the farmers ended up spending most of their time cleaning the mud from plows.…

The Algebra of Evolution

In the deserts of Arizona, million-year-old black lava flows are inhabited by rock pocket mice. In this region, the mouse can be seen in two colors dark black and sandy-colored. The dark color mouse are found most often in black lava rocks. And white color mouse are found most often in sandy-colored habitat. Take a…

Shriram Transport Revisited

Last year I wrote about the business model of Shriram Transport Finance (STFC). You can read about it here. At that time I liked the business model of the company. But I did not purchase the stock. In the last few weeks the company lost 40% of its market capitalization. This piqued my interest and I took another…

Geometric Series and Gordon Growth Model

In 1991 letter to shareholders, Buffett explained his thought process in valuing a business. Given below is the excerpt from the letter. A few years ago the conventional wisdom held that a newspaper, television or magazine property would forever increase its earnings at 6% or so annually and would do so without the employment of additional…

Buffett to Blogging

I was extremely lucky to get invited to a value investing club in the Bay Area. In it I presented my journey as a value investor and I titled the presentation as Buffett-to-Blogging. The presentation can be found here. Also I presented my take on IBM which can be found here.