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.

Why is evolution hard to understand?

Alan Turing is considered by many to be the father of computer science. In his 1936 paper on computable numbers he wrote that – It is possible to invent a single machine which can be used to compute any computable sequence. Back then many would not have believed in that statement. But today around 1.4 billion people…

Kitex Garments

In the 80’s getting a new dress is an ordeal task. You go to the store and buy a piece of cloth for shirt and a matching cloth for pant. This piece of cloth is called as a fabric which is obtained by weaving a fibre like cotton. Then you take this fabric to a tailor who…

Scoring vs Learning

In a recent article, Economist pictured a lot of parents climbing over walls of an exam hall to help their kids to pass the 10th grade exam. Given below is an excerpt from the article which surprised me. An education system that favors elitism over basic schooling is in part to blame. The OECD found…