Category: Blog

Learn some forensic accounting – Case Study VA Tech Wabag – Candor Investing

Reading Time: 9 minutes This article was originally published in the Moneylife Magazine in November – 2019. https://www.moneylife.in/article/could-investors-have-sidestepped-the-75-percentage-crash-in-va-tech-wabag-stock/58642.html VA Tech Wabag is a very reputed name in the water treatment, sewage treatment, sea water desalination fields. The company operates in 20+ countries. It has completed more than 6000 projects so far, has 3 R&D centres across the globe and […]

How to spot a multi-bagger? – Candor Investing

Reading Time: 17 minutes We have had one of the worst economic shocks the world has seen in recent history because of the Covid-19 global pandemic. Big money is made in stocks when one invests when the macro-economy is down and the markets are also wobbly.We definitely have one of the above conditions satisfied. As to whether we are […]

Will market coupling destroy the IEX monopoly? – Candor Investing

Reading Time: 12 minutes On 18th Jul-20, Central Electricity Regulatory Commission (CERC) came out with a draft regulation which suggested sweeping changes to the design of the power markets in India.Draft Power Market Regulations (2020) There is one very important proposal in this draft regulation that of “Market Coupling Authority”Now, what is this “Market Coupling Authority” and what purpose […]

Is the stock market going to crash again? – Candor Investing

Reading Time: 12 minutes The year 2020 has been eventful for the equity markets.Covid-19 Coronavirus was first detected in China in Dec-19 and quickly spread throughout the world. Though we have past precedents of different strains of Coronavirus spreading like SARS, MERS, Ebola etc. Covid-19 spreads much faster than all the previous instances. The black swan event for equity […]

Deserving It – MicroCapClub

Reading Time: 2 minutes It’s frustrating watching investors get a better price than you when they did half the work you did. You did the work. You held on when no one else would. You deserve to gain the most for what you’ve been through. They don’t deserve it, but that isn’t how the world works. Timing and luck […]

Deserving It – MicroCapClub

Reading Time: 2 minutes It’s frustrating watching investors get a better price than you when they did half the work you did. You did the work. You held on when no one else would. You deserve to gain the most for what you’ve been through. They don’t deserve it, but that isn’t how the world works. Timing and luck […]

How to detect Accounting Frauds – Candor Investing

Reading Time: < 1 minute In the below video, I analyze a MNC company from the hot specialty chemicals sector.This video re-emphasizes the importance of “management quality” and has some great pointers to detecting accounting frauds. If you want to learn how to detect accounting frauds, I have also developed a course on “Forensic Accounting for Investors”You may check out […]

The Art of Survival – MicroCapClub

Reading Time: < 1 minute It’s only when you look back over a 10-20-30+ year investment career do you realize the ultimate prize is survival. I gave this presentation at the Planet MicroCap Showcase 2020. I hope you enjoy it.  MicroCapClub is an exclusive forum for experienced microcap investors focused on microcap companies (sub $300m market cap) trading on United States, […]

The Art of Survival – MicroCapClub

Reading Time: < 1 minute It’s only when you look back over a 10-20-30+ year investment career do you realize the ultimate prize is survival. I gave this presentation at the Planet MicroCap Showcase 2020. I hope you enjoy it.  MicroCapClub is an exclusive forum for experienced microcap investors focused on microcap companies (sub $300m market cap) trading on United States, […]

How Are You Different? – MicroCapClub

Reading Time: 2 minutes When it comes to position sizing, concentration, diversification, etc everyone will be different. There is no right or wrong. You find a strategy that gives you an edge and position sizing that keeps you emotionally neutral. Just like a fingerprint each one of us will be different. Don’t be afraid to be unique. Be afraid […]

How Are You Different? – MicroCapClub

Reading Time: 2 minutes When it comes to position sizing, concentration, diversification, etc everyone will be different. There is no right or wrong. You find a strategy that gives you an edge and position sizing that keeps you emotionally neutral. Just like a fingerprint each one of us will be different. Don’t be afraid to be unique. Be afraid […]

Controlling the Pendulum of Emotions

Reading Time: 5 minutes When I read long-form investing articles I copy and paste the portions I connect with into word documents and categorize them into folders. I’ve accumulated around 500 files in 85 different categories. I have files for “ROIC”, “long-term”, “concentrated”, “position sizing”, “averaging down”, “averaging up”, “fear”, “jealousy”, “over-confidence”, etc. It is honestly a tangled mess […]

Controlling the Pendulum of Emotions

Reading Time: 5 minutes When I read long-form investing articles I copy and paste the portions I connect with into word documents and categorize them into folders. I’ve accumulated around 500 files in 85 different categories. I have files for “ROIC”, “long-term”, “concentrated”, “position sizing”, “averaging down”, “averaging up”, “fear”, “jealousy”, “over-confidence”, etc. It is honestly a tangled mess […]

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