sumit sarda

Portfolio Manager @Ced_capital (SEBI Regn No. INP000006633). Views not to be taken as advice.

[sumit sarda @sumitbsarda]

Latest letter to PMS investors, we discuss:
· The rejection mindset for stock selection.
· Capital is flowing towards AI themes. Retail investors continue to absorb the selling.
· Market’s converging-hand looks weaker, but should not be written off.

https://t.co/0Jc0EK20xX

[sumit sarda @sumitbsarda]

Sharing our latest Investor Letter, we discuss:
· Crude oil shock reaffirms the need for smart portfolio diversification.
· Importance of margin of safety.
· Mutual fund stress test understates the stress.
· Buybacks poised for a comeback.
https://t.co/aMfU1hYYQP

[sumit sarda @sumitbsarda]

Sharing our latest Investor Letter, we discuss:
1. Learnings from winners of last 13 years.
2. Thinking in decades instead of quarters.
3. What if AI takes over investing?
https://t.co/TNjPO9IMvw

[sumit sarda @sumitbsarda]

In our latest PMS letter, we discuss:
1. Acquiring over 15% earnings growth, not built into stock prices.
2. Quality and valuation as guides.
3. Getting more by doing less.

https://t.co/WVHvbamhZM

[sumit sarda @sumitbsarda]

Latest letter to PMS investors, we discuss:
1. Controlling risk through “one durable variable businesses (1DVB)”.
2. Mistake:Music Broadcast arbitrage position (loss of 0.5% of AUM).
3. Investing is an inexact science and this creates unique challenges.
https://t.co/2NC0HeCSg1

[sumit sarda @sumitbsarda]

In our latest PMS letter, we discuss:
1. Nearly half of the top 700 companies are trading at over 40x P/E.
2. Tariffs and AI call for higher margin of safety.
3. Investment beliefs are shaped by the era that investor spend their early investment years in.
https://t.co/3FzL8E1ta4

[sumit sarda @sumitbsarda]

In our latest PMS investor letter, we discuss:
1. In an elevated market, falling less > rising more
2. Looking at batting average and equity IRR
3. Retail flows continue in riskier parts of markets
4. Handling investment advice in a bull market
https://t.co/ZqBUq0nHPv

[sumit sarda @sumitbsarda]

Sharing our latest PMS letter, we discuss:
1. Without bottlenecks, supply eventually meets demand
2. A new 5% position and exit from an existing position
3. Mania in SME IPOs and Thematic Mutual Funds,
4. Equity culture slowing down bank deposits?
https://t.co/ebAwBvBcQu

[Yash Jain @YashJain88]

SEBI Issues Advisory On SME Investments

#SEBI #SME #StockMarket

[sumit sarda @sumitbsarda]

Sharing our latest letter to PMS investors, we discuss:
1. Dilemma of investing in a one-way rising market
2. 500x leverage in weekly Options
3. Skyscraper construction as an indicator of economic cycle
4. Manias and Panics – lessons from last 400 years https://t.co/QrfcDYCBu7

[sumit sarda @sumitbsarda]

@IRCTCofficial AC gets off in train 19315 for 30 min. Children crying due to suffocation. PNR 8218042314. I am told that this happens every day at this time. @RailMinIndia @RailwaySeva

[Revant Himatsingka “Food Pharmer” @foodpharmer2]

With this video, I’m launching a national health movement against false marketing in packaged food!

This time I’m not alone. Many influencers, celebrities, doctors and sports stars have UNITED to fight against false marketing!

Every week we hear of a new food issue affecting the country! Infant milk sugar, children’s health drinks, Indian chips having palm oil and the masala-cancer issue are just a few of them.

If the majority of Indians started reading labels, companies would be forced to stop false marketing and give us better quality food!

I invite the entire country to pledge to start reading labels now.

Let us all unite to make India the health capital of the world instead of the diabetes capital of the world!

Label Padhega India, tabhi toh swasth banega India!

Let’s break the internet.

#LabelPadhegaIndia

[sumit sarda @sumitbsarda]

Happy to share our latest letter to PMS investors, we discuss:
1. Learnings from study of 1000 monkey portfolios
2. Discipline or delusion?
3. Smallcap’s Abhimanyu moment
4. Investing during elections

https://t.co/ayabZd9jgZ

[sumit sarda @sumitbsarda]

Smallcap mutual fund stress test assumes that volumes will be 3x of last 3months' daily volume.

In past, liquidity has just vanished when everyone has rushed to exit (Eg. Franklin debt fiasco of 2020).

#Stresstest #smallcap #liquidity

[sumit sarda @sumitbsarda]

Happy to share our latest letter to PMS investors, we discuss:
1. Secrets to better thinking, living and investing from Charlie Munger
2. Protecting our wicket
3. When to sell
4. Fearing the absence of fear
5. India’s inflation in last 150 years

https://t.co/2JuooHGHfg

[sumit sarda @sumitbsarda]

Happy to share our latest letter to PMS investors, we discuss:
1. Moving towards truth, light and immortality
2. Retail Euphoria
3. Immediate vs Delayed Outcomes
4. Mutual Fund Sahi Hai ?

https://t.co/NefI45DQr5

[sumit sarda @sumitbsarda]

Here's our latest letter to PMS investors, we discuss:
1. Five investment checklist hurdles to reduce risk and improve returns
2. Bubble in quality
3. Moving back to zero interest rates
4. Emperor has no clothes
Link - https://t.co/aQisxqOtlR

[Rajeev Mantri @RMantri]

The Difference between an Investment Firm and a Marketing Firm
https://t.co/70OpqoZtUU

Great piece by @jasonzweigwsj

[sumit sarda @sumitbsarda]

Link to latest letter to PMS investors. We discuss:

1. Focusing on risk in performance evaluation.
2. One mistake that we made this quarter.
3. Rising interest rates are propelling flight to safety.
4. An "investment" product to strongly avoid.

https://t.co/zh1y23D1sJ

[sumit sarda @sumitbsarda]

@kaisertalk @IkerCasillas 19 or 40 :)