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Amul Goes Cashless
Author: Raoji
Source:Edelweiss Research
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Linkfest: December 08,2016
Some stuff I am reading today morning:
RBI’s message: All is Well (Mint)
Real inside story of Tata Vs Mistry (ET)
City Pipers rake in the moolah (Outlook Business)
Nandan Nilekani joins battle for India’s post cash future (Bloomberg)
The Force is with Firodia (Forbes)
Demonetisation: All pain,little gain (FE)
Mumbai to Pune in 25 minutes (BS)
How 7 couples do money (Bloomberg)
Mansions aren’t such great investments (Barry)
Video:The Biggest Mistake I ever made (Jeff Lawson)
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The Future of Retail
Hat Tip: Niteen Dharmawat
Finding good investment ideas in the small and midcap space in India is hard work, especially given the history of poor corporate governance standards.
Using screeners on the reported financial statements to find high growth businesses with high ROEs may seem to be the easiest way to find good ideas.
However, investors would be better off spending their time understanding the source of high growth.
Blindly relying on the company’s reported financials and/or management commentary can be injurious to portfolio returns.-from 2Point2Capital