Wonderla Holidays is in the amusement park industry. An amusement park is a collection of rides and activites to entertain a large group of people. I spent sometime studying the business model of Wonderla. Click here to read the rest.
In 2017 DJCO meeting, Charlie Munger recommended Ed Thorp’s autobiography A Man For All Markets to his cultists. Munger also told that Thorp was a very smart man and a mathematician with a high IQ. Click here to read the rest.
Indian Investing Conclave conducted an online session a couple of weeks back. In it 16 well known investor presented their investing philosophies. I spent sometime listening to the session and took detailed notes of 10 sessions. If there are errors in the notes, then it’s because of my negligence. Click here to read the rest.
Jeff Bezos admires David Shaw and he once told that David is one of the few people I know who has a fully developed left and right brain. Click here to read the rest.
I am a big fan of Matt Brice writings. Why is that? He keeps it simple and focuses on key variables that actually matters. Matt penned the following lines and it made me to jump up and down in joy. Click here to read the rest.
Few weeks back I was watching Jeff Bezos being interviewed by Charlie Rose. In it Bezos explained why space travel is expensive and what needs to be done to make it affordable. Bezos explained it by breaking down the constituents of rocket. And reasoning up by using first principles, which is the physics way of…
Average age of heart surgery in the UK is 65 but 45 in India. There is a need for conducting 20 lakh heart surgeries in India. But only 1.2 lakh heart surgeries are conducted. There is a lot of unmet demand. Why is that? Click here to read the rest.
The journey of a thousand miles begins with one step. This is very true when it comes to my habit of blogging. Four years back I wrote my first blog post: The Joys Of Compounding. Today I am writing my 221st post. Blogging helps me to read a lot, learn things deeply, share knowledge, and network…
Sometime in the 90s Warren Buffett was asked on why he made an investment in USAir given that airlines is a cut throat industry. What was Buffett’s response? Click here to read the rest.
I have been using Google Docs to do my writeup for analyzing companies. For the first time I used Scrivener to do my analysis. I enjoyed writing on Scrivener as it allowed me to focus on individual pieces. And not worry about the document layout. Moving around content is a piece of cake. It’s a perfect tool for…
By now we have gotten an intuitive understanding of what regression is about. To quickly restate what we are doing, we are taking a bunch of input variables (variously called independent variables, covariates or features depending on whether you’re reading a statistics, computer science or machine learning text) and output variable (the response variable, dependent…
I am big fan of Kalid Azad writings. He has a knack of explaining hard mathematical concepts like Calculus in simple words and helps the readers to get the intuition behind the idea. Couple of days back I was reading his book on Calculus. I came across the following passage in the book— What’s a better learning…
