Rishit Shah

Investor (Partner - Stoic Capital)

[Rishit Shah @Rishit_5]

@Ajaya_buddy @SahilKapoor @ETNOWlive 2 key differences
1. Corporate leverage is negligible currently. All major bubbles need leverage. Leverage was very high in 2007
2. Sensex last 5yr EPS CAGR was 20% + from 2003 to 2007. And this time earnings have just started to pick up

[Rishit Shah @Rishit_5]

@LuckyInvest_AK @sahil_vi @itsallaboutmon7 @niveyshak Would love to understand what needs to change in your investing style when the corpus increases. Like do you diversify more, invest in larger/more liquid companies, increase your fixed income portion etc. Or anything else

[Rishit Shah @Rishit_5]

@VishalBhargava5 There should be a column for market cap too. Godrej is 2x Prestige & Lodha is 3x Prestige

[George Mack @george__mack]

What is ignored by the media -- but will be studied by historians?

Here's 7 more examples:

[Lyall Taylor @LT3000Lyall]

The easiest thing to do as an investor is to buy what you and everyone else perceives to be a great company with great prospects at a full/expensive price. Anyone can do that (and almost everyone does); it requires no skill; and it tends to underperform in the long term.

[Rishit Shah @Rishit_5]

@shyamsek Honesty is a product of GDP/capita & incentives. We are as honest or dishonest as any other society IMO

[Nithin Kamath @Nithin0dha]

We've never set goals at @zerodha be it user growth, revenues, or profits. The idea has been to get up every day, improve, & do what's right for users, knowing that we'll get to wherever we have to get to. The journey is a lot more fun this way. 1/2
https://t.co/hVPlwBYE0I

[Rishit Shah @Rishit_5]

@VishalBhargava5 Time for a 5th name change?

[Rishit Shah @Rishit_5]

@GabbbarSingh Wearing blue denims

[Rishit Shah @Rishit_5]

@singhvarun @alphaideas @Olacabs Isn't self-defense legal and self-respect moral?

[Rishit Shah @Rishit_5]

@venkateshprasad One issue is that we don't know how to retire on a high. It's clear that some players have passed their peak but they will wait for the system to remove them. Ruthlessness in selection is needed since white ball cricket is increasingly a younger players (high strike rate) game

[Rishit Shah @Rishit_5]

@virajmehta16 If the returns compensate for the time, then 'no'

[Rishit Shah @Rishit_5]

@kushkatakia Haha...Are these valuations based on their last round of funding? They should remain private or else one zero will be removed in record time (for some)

[Rishit Shah @Rishit_5]

@sahil_vi @suru27 Corporate leverage is at its lowest and retail leverage at its highest (in the last decade). So not necessarily

[Rishit Shah @Rishit_5]

@sahil_vi Low churn is a vanity metric for the purists. In any case, 'buy and review' at intervals and not 'buy and hold' is optimal

[Rishit Shah @Rishit_5]

@abhymurarka Other things I find interesting about barbeque nation - monday to thursday business is almost 50% of volumes. And secondly, breakeven time is roighly 3 months only. Would you know this about the others in the list?

[Rishit Shah @Rishit_5]

@Dinesh_Sairam We have decided on a rule (after many arguments) - make deals that you think will make you win, and not to make the other person lose. It's a fine line

[Rishit Shah @Rishit_5]

@Tim_Clif My guess. Lower the GDP / Capita, lesser the importance on the things you speak about. Infrastructure, cleanliness etc come in later

[Rishit Shah @Rishit_5]

@contrarianEPS When did you start investing and CAGR till date?

[Rishit Shah @Rishit_5]

@sanjeevsanyal Can someone please explain the implications of this in simple language?