Capital Conviction

Indian Stock Market l Finance Enthusiast l Long-term Investor l Chess l Book Reader

[Ronit Pereira @CAronitpereira]

“Attack life, it’s going to kill you anyway.”

- Steve McQueen

[Capital Conviction @garg27415]

Newsletter Performance Review https://t.co/P4s2zsXJKU

[Capital Conviction @garg27415]

@WealthEnrich He has just this much value, 300000000000 in usd terms, indian terms mein do zero aur jod lo!
Crazy, people are saying they are ranking the poor to poor.

[Capital Conviction @garg27415]

I actually under estimated the depth of Nassim Nicholas Taleb. He is just phenomenal thinker.

[Capital Conviction @garg27415]

@Vivek_Investor Inverse is happening, the fertility rate of richer society is getting less, also they are going to philosophy of 1 child.

[Advait Arora @WealthEnrich]

The magic you are looking for, is 'in the work' you are avoiding 💯

[Vivek @Vivek_Investor]

Congratulations 👏👏

[Zen Nivesh @ZenNivesh]

Unknown. Unknowable.

And yet investable.

In 2015, I first came across the idea of UU Investing, short for Unknown and Unknowable Investing. I thought I understood it. Just like someone who has read ten books on swimming feels he understands swimming. Years later, after revisiting Richard Zeckhauser's work and reflecting on the last two decades of markets, I realized I had merely been standing at the edge of the pool.

Look around us. The Global Financial Crisis. Smartphones changing human behaviour. Jio rewriting telecom economics. COVID. Negative oil prices. ChatGPT. The AI arms race. Wars. Inflation shocks. Supply chain disruptions. Few people predicted these events with any precision. Yet these very periods of uncertainty produced some of the greatest wealth creation opportunities in stock market history. While most investors spend their time trying to forecast the next event, the bigger question may be different: Which businesses are likely to adapt, survive, and thrive regardless of what the next surprise looks like?

One of the most fascinating observations from studying the period since 2007 is that the world has become far more interconnected, faster moving, and non-linear. Information travels instantly. Narratives spread globally within hours. Technology adoption cycles that once took decades now take years or even months. UU events are no longer rare interruptions. They have become a recurring feature of the investing landscape. Yet during this exact period, India has produced hundreds of extraordinary wealth creators across manufacturing, chemicals, railways, defence, hospitals, EMS, financials, and digital infrastructure. Uncertainty did not eliminate opportunity. In many cases, it created it.

The core idea of UU Investing is not that we should become better predictors. It is that we should become better adapters. The future will always contain elements that cannot be forecasted. The edge may lie not in knowing what will happen next, but in identifying businesses, management teams, and industries that can benefit from change, even when the nature of that change remains unknown.

For those interested in exploring this idea further, I recently wrote a detailed note on the subject:

https://t.co/LzbyUIzhUe

[Capital Conviction @garg27415]

@DThirukkonda @Vivek_Investor So, what world has AI, we have our IT services 😆

[Uday Kotak @udaykotak]

Google which is cash surplus, just announced an additional capital raise of $80 bn.
Google annual profit is $160 bn, last quarter $62 bn, and market cap $4.5 trillion. That is close to total profits and market cap of all Indian listed companies put together.
It’s a wake up call to all companies to invest into the future, whatever the present maybe.
Now that IPL is done and dusted, time for India to focus on business of business.

[Capital Conviction @garg27415]

Gravita India: Promise vs Performance https://t.co/YoDKt9VzMw

[Vivek @Vivek_Investor]

👌👌

h/t: @BrianFeroldi

[Vivek @Vivek_Investor]

This is what the common man gets in India. Pay taxes to support the luxury life of politicians and Babus. Live and die like a cockroach.

Source: Newsgram web portal.

[Harsh Goenka @hvgoenka]

One day you will look back and understand that you worried too much about the things that don’t really matter.

[Capital Conviction @garg27415]

From Narrative to Numbers - Gravita India
https://t.co/YoDKt9VzMw
Part 2 of Gravita India

[Capital Conviction @garg27415]

From Narrative to Numbers - Gravita India https://t.co/YoDKt9VzMw

[Capital Conviction @garg27415]

@Vivek_Investor @grok Data of long term suggests that it is 80% within 2 yrs but the turnover value is low because it does not constitue much of his portfolio which he shuffles very much, as grok said in reply his top 10 are held for longer terms, just to summarize the two conflicts....

[Capital Conviction @garg27415]

@Vivek_Investor @ishmohit1 Yeh mausam nhi Badal raha, yeh ham Badal rahe hain!
Chronology samjhiye.....

[Intrinsic Compounding @soicfinance]

12 Themes that stand out, and will increasingly become a part of the index vs Traditional Banking sector or IT

1. Healthcare
2. Electrification
3. Ship Building
4. Electronics manufacturing
5. Niche Pharma and CDMOs
6. Auto component cos in premiumisation
7. Financialisation: AMCS, EXCHANGES etc
8. Defence & Aerospace
9. Precision engineering
10. Capital goods in new age sectors
11. New age consumption
12. Deep tech businesses across new age sectors

[Capital Conviction @garg27415]

@sathyashrii BJP calls then Anti-India... 😂😂