Invisible Learning

हम हैं नये, अंदाज़ क्यों हो पुराना

[Invisible Learning @sacredcapital]

Hat Tip - Do a basic ref check on the new CEO.

Hint - Massive banking fraud involving an Auto Comp company

[Nehal Chaliawala @NehalChaliawala]

Jindal Steel has been notorious for top executive churn. In an industry where top leaders tend to spend decades with one company, Jindal has gone through six CFOs since 2020.

Two CFOs left within six months of joining!

It is natural investors will raise questions.

On Tuesday, Jindal Steel appointed a new CEO, filling a post that had been empty for over five years. This is his first job in the steel sector.

On Wednesday, the new CEO faced analysts.

One analyst asked - why is there so much churn? How will you manage this?

The CEO replied - "I tend to stick around"

Here's @DipaliBanka and my report in @livemint which highlights this exchange and the details of the executive churn at Jindal Steel.

https://t.co/AKE86MuqOr

[Invisible Learning @sacredcapital]

Not proud, but I'm doing it exactly in the reverse order😭

[Paras Chopra @paraschopra]

Be a kid, keep getting enough sleep, work out, eat clean, make time for friends + family, work hard.

Do things in this order, and life will be alright!

[Invisible Learning @sacredcapital]

@EquityInsightss RHI Magnesita - looks like a turnaround is happening

Innova Captab - is more than decent. Close to 100 Cr PAT. Co is valued at 14x FY26 PAT

[Invisible Learning @sacredcapital]

@PerpetuityH2W @edencap While I feel Windlas is a good compounder, one should also study Innova Captab in the same space. Easy 2x in 2 years if they are able to start & ramp up the new Jammu Plant timely.

[Invisible Learning @sacredcapital]

@reachanandl It can easily be a 4x from here. Potential investors should do SOTP valuation of all the businesses in the listed entity. Demerger will be a game changer.

[Invisible Learning @sacredcapital]

@safiranand Also, I feel the export story is yet to play out in Force Motors. If Urbania (their best selling product rn) has so much demand in India where they literally are creating the market for this product, export growth for this product will be exponential. 2/2 #WDTT

[Invisible Learning @sacredcapital]

@safiranand A lot of market analysts have missed the fact that the Rolls Royce Force JV has turned profitable in Q4 much before co's expectation of Q3FY25 (as told in AGM). Also, the likes of CNBC saying that the QTR profits have declined is absurd. There was an exceptional item last year /1

[Kush Katakia @kushkatakia]

You'll find several reports by marquee research analysts explaining the ABFRL demerger and how it might impact the business. My suggestion would be to ignore all of them and rather read this 4-page note by @DamaniAshok garnished with a dash of classic humour.

[Ana Mostarac @anammostarac]

John McAfee:

- worked as a programmer on the Apollo missions
- killed his dad
- started McAfee software
- forbes top 100
- presidential candidate
- wanted in 3 countries
- survived 50+ assassination attempts
- married a prostitute who had been hired to kill him
- behind Edward Snowden
- bitcoin billionaire
- hacked Hillary Clintons office by sending her staff free computers
- killed a few people in Belize
- lived on a boat in the Caribbean with armed guards
- has never paid income tax because he blackmailed the US government
- escaped captivity in Guatemala by faking a heart attack
- suicided in a Spanish prison
- may still be alive?

You:

- needs 300mg caffeine to write scripts in python

[Invisible Learning @sacredcapital]

@edencap See Moneyboxx Finance as well

[Invisible Learning @sacredcapital]

@madhavchanchani @AditiS90 Zerodha founder is also participating

[Invisible Learning @sacredcapital]

@abhymurarka No comments on the fundamentals/sector, but avoid it if promoter quality and corporate governance are important filters for you.

[Morgan Housel @morganhousel]

A lot of good company culture is just paying people well and leaving them alone.

[Alexis Gay @yayalexisgay]

when you definitely understand your boyfriend's finance job

[PhotoChess @photochess]

THIS 🥹

#FIDEWorldCup2023

[menaka doshi @menakadoshi]

AM Naik completes 20 years as chairman and managing director.

Expansion, takeover battles, sale of the cement division, succession...

"Saving L&T was my biggest achievement."

Most memorable AGM?

[Lord Bebo @MyLordBebo]

🚨“(The Russians are using) 60,000 (shells) a day. The world production in the west can accommodate about 5,000 (shells) a day. I guess the Russians have been building artillery for about 50 years and they have an infinite supply

I was shocked at how good the Russians were at electronic warfare and jamming basically everything you send into this battlefield, they jam everything GPS is jam but also communications is jammed so normal drones don't work.

I hate to say it, but I think this is going to go on for a long time. There's not enough advantage on either side. I don't think Russia will gain much land, if any and I think the going is so slow to get across this danger zone, this killing field, that it will take a year or two.”

— Eric Schmidt, the chair of defense innovation board to the Pentagon and former google CEO

[Buggy Human @SridharanAnand]

"India is attractive opportunity" is McKinsey PPT BS. True but not helpful. Nor is it the gating factor to profiting from opportunity.

Gating factor is competent, trustworthy investors & promoters. These have been & will be rare, whether in VC/startup world or elsewhere.

[Invisible Learning @sacredcapital]

@UJJAVALSHAH2 Puneet Dalmia

[Invisible Learning @sacredcapital]

Reminder to self :

[Nithin Kamath @Nithin0dha]

Being content is the only way to true freedom. A person who embodies this is my father-in-law, Shivaji Patil
He was in the Indian Army & voluntarily retired as a Havaldar after losing his fingers to frostbite during the Kargil War. He started a grocery shop in Belgaum after. 1/5