Vikas Chandrawat

Building : operating system for intelligent investors & sharing behavioural insights | Co-founded Vahak: 2.5M+ playstore downloads

[Vikas Chandrawat @vikcr1703]

Conviction is not how strongly you feel about a stock. It is how precisely you can describe what you know, what you're watching, and what would change your mind. — it took me 2 years of my initial investment journey and 80 odd stocks to know this.

[Vikas Chandrawat @vikcr1703]

@dharmeshba I have built Stockport. It’s an operating system for active investors. It helps you lock your thesis, track thesis health via relevant kpis, exit conditions and research evidence all at one place and keep a check on your decisions to identify your behavioural and execution gaps.

[Vikas Chandrawat @vikcr1703]

@sandipsabharwal Municipal workers are non-existent in lots of places. Take Bangalore for example, you will find heaps of trash.

At this point I think cleanliness should get “infrastructure” status or else we will get busy with civic sense vs municipality debates and nothing will ever happen.

[Vikas Chandrawat @vikcr1703]

Consistently holding a quality business for long time is the toughest thing. You can be passive and not do anything after buying, in such cases you risk not noticing the business quality worsening. Or you can actively hold it through all the noise and fomo.
- tough both ways.

[Vikas Chandrawat @vikcr1703]

@Anand_shah07 This is so true! You either stay long enough to get revealed as your own worst villain, or you leave the game early enough with excuses to reveal nothing at all.

[Vikas Chandrawat @vikcr1703]

@WealthEnrich 5-7 stocks (20 to 70% depending on your historical performance of direct equity, lower if below the index and higher if above the index) + a couple of ETFs and a debt fund. Balanced way to manage high concentration with diversified protection

[Vikas Chandrawat @vikcr1703]

@warikoo I used to feel cringe at your videos before and I haven't seen the latest ones. But now that I have been actively using Twitter, you are starting to grow on me. And what is super-impressive is your ability to accept mistakes on a large forum 🫡

[Vikas Chandrawat @vikcr1703]

@vikaskhemani @TCS @nasscom @carnelian_asset Very interesting thread on the AI paradox on VP. Pasting one of my replies there.

[Vikas Chandrawat @vikcr1703]

With my above point, I don't mean you can't learn from the advice sellers. They often have more actionable advice. But their motive is to keep you dependent. Whereas the legends of investing understand that investing is a positive-sum game and they preach independent thinking.

[Vikas Chandrawat @vikcr1703]

When I got serious about my investments, one lesson became my core for all future learning: Never fully trust the advice of people selling investment learning.
The ones worth trusting never sell advice. For eg. Madhu Kela, Vijay Kedia, Rakesh Jhunjhunwala, Buffet, and so on.

[Vikas Chandrawat @vikcr1703]

@vitaliidodonov PDF

[Vikas Chandrawat @vikcr1703]

@shanksbala @sandipsabharwal Also, in my limited experience I have heard that as an investor you don’t pay for the optionality, you invest in the core business and the optionality should be the bonus you get. In Zomato/swiggy case the optionalities seem to be bought up.

[Vikas Chandrawat @vikcr1703]

@shanksbala @sandipsabharwal This makes better sense than the delivery profitability. IMO delivery profitability can’t help these companies sustain. They will have to leverage the huge data they have for better software like business models.

[Vikas Chandrawat @vikcr1703]

@shanksbala @sandipsabharwal It’s a common misconception that Swiggy/Zomato will enjoy the tech advantage and hence they get ridiculous growth valuations. Look under the hood, it’s an operations company and the entire unit economics is already reaching peak (platform fees (2 to 15), markup on food etc.)

[Vikas Chandrawat @vikcr1703]

Patience and passive holding feel identical from the inside. They're not.
Patience is an active judgment. You've checked and decided the noise isn't a signal. Passive holding is the
absence of the check entirely.

[Vikas Chandrawat @vikcr1703]

@ChanderBhatia01 Very true. Without a system you’re just wandering in a car with no sense for traffic rules. Investing became progress for me when I followed a dead-simple habit, before every buy write:
1. Why I am buying
2. What keeps me in
3. 2-3 measurables to know if above two still hold true

[Vikas Chandrawat @vikcr1703]

@shubham1492 Absolutely! Investing is a self-discovery and nourishing your own individuality. I used to feel overwhelmed earlier with all the noise around and FOMO. Later when I acknowledged that I love reading about businesses and I want to bet on the business, the process became enjoyable.

[Vikas Chandrawat @vikcr1703]

@shubham1492 Very relatable! Something I recently just learnt. Lessons learnt through experiences are the only ones that stick. All the best investing lessons have already been documented but we don’t learn unless we go through the situation.

[Vikas Chandrawat @vikcr1703]

@TheScooper7 Great analogy with the test cricket. It always helps to create personal mental modals to understand deep concepts. What I find really amazing about investing is how personal it is, everybody has their own style and mental modals.