Source: Mint
Data as on 31 Dec,2017
Source: Mint
Data as on 31 Dec,2017
Author: Raoji
Categories
Closer than they appear
Categories
Linkfest: February 13, 2018
Some stuff I am reading today morning:
How new LTCG tax with STT violates basic principles of taxation (Uma Shashikant)
Alarm over Modi’s protectionism (Arvind Panagariya)
WhatsApp payment feature is a serious threat to PayTM (Mint)
Fortis seeks 15 days extension to declare results (MC)
US Equities-Recent volatility is not a concern (Vikas)
“Alpha” in real estate (PIB)
Getting India EV ready (Forbes)
Passive my a** (TRB)
Why competitive advantages die? (Morgan Housel)
This Mutual Fund crashed by 80% in 2 days (Barrons)
Categories
Portfolio of Faering Capital
This post is in continuation of my coat tailing series (see here)
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Faering Capital is a well known PE firm run by Aditya Parekh, son of HDFC Chairman Deepak Parekh
Their significant holdings in the listed space as on 31 December,2017 as per stock exchanges is as given below:
| Company Name | NSE Symbol/BSE Code | Entity | Value (In Crores) |
| City Union Bank | CUB | FAERING CAPITAL INDIA EVOLVING FUND | 120.91 |
| HSIL Ltd | HSIL | FAERING CAPITAL INDIA EVOLVING FUND | 31.5 |
| Prataap Snacks Ltd | DIAMONDYD | FAERING CAPITAL INDIA EVOLVING FUND II | 58.53 |
I feel a bit obliged to write a Book Review on this book as it was gifted to me by the co-author Ian Cassel, who is well known for his insightful tweets and work at the MicroCap Club.
The Book takes off from an earlier book-The Intelligent Fanatics Project– and covers the profiles of nine intelligent fanatics, including our very own Dr.Devi Shetty of Narayana Hrudayalaya.
Who or what are Intelligent Fanatics?
As per the Book, “Intelligent Fanatics are CEOs/management teams with unconventional ideas and a fanatical drive to build a high performance organisation”
As one reads the business stories of the various CEOs, some takeaways I personally imbibed:
- Culture is very very important…this is the key difference between companies that survive and that don’t.Indian Private Banks Vs PSUs illustrate this starkly
- Culture of the organization is set by the people at the top…So if the CEO steps down or there is a management change, the culture of the place can change.Good examples in the Indian context-RBL Bank, Safari Industries etc
- Great leaders focus on the customer….try to make things cheaper for them/easier for them.The more the customer satisfaction, greater the customer loyalty and more the growth of the business. DMart comes to mind here.
- Great leaders have great teams.Many times it is easy to make out which investments will look at great, by not looking at the #1 guy, but the middle managements. TCS,eClerx are great examples here.
Do buy this book if interested in identifying intelligent fanatics.