While going through Buffett & Munger Unscripted, I noticed that enormous importance has been given to temperament in business and investing. Temperament and calm mind come with trials and errors. With the right temperament, you may rise slowly, but you’re sure to rise.
This one is well crafted research report. Major factors affecting the business were taken into consideration with respect to their outcomes. What stands out is the articulation, explained the dynamics in a better way.
#ACE#report#infra
Been reading up on ACE lately. Management has flagged some near-term headwinds, but from a long-term investment perspective, the risk-reward looks compelling. Maybe on occasions you just get lucky.
Here’s a contrast I have seen as a VC analyst, vs. structuring debt finance for businesses at a bank.
🫂VCs hunt for your ceiling. They want the 100x dream, the massive TAM, the narrative. They accept the risk for a unicorn upside.
🏦 Banks underwrite your floor. They need to know your downside protection. Can your cash flow service this debt even if growth stalls?
Founders are realising that equity is too expensive to fund operational gaps. Debt is cheaper, but you have to stop selling the dream and start selling the math.
✅ Show the unit economics
+
✅ Prove the floor is solid
+
✅ Master your working capital
=
💰 Lenders will give you the leverage to build the ceiling without diluting your cap table.
India could prove to be one the best contrarian bets. All the money has been pulled away due to lack of AI opportunities in the market. One thing to keep in mind is that India has had the best ROE for past 10 years in the EM. KOSPI and TAIEX without AI stocks are net negative.
If you are too strong in your opinions, when the facts change you will look like a fool.
Investing has a great habit of making everyone look like a fool. Thus, stay humble and less opinionated. More open to ideas :)
Cannot skip @soicfinance video's on Sundays. Must watch video to clarify thoughts and move away from noise.
Key Takeaways are
1. Recognize Tailwinds
2. Have your setup ( reflect yourself )
3. Time spent in market is key
4. Every cycle will have new winners
The market compounds patience before it compounds capital✨️
Once office wraps up, on weekends I put on lens. It's The Finance Lens by @SmitaP07. Liked today's article on starting early. Listening to finance lens on loop is my thing