Source : CFO Presentation of Adani Airports
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Navi Mumbai Airport : Coming Soon
Source : CFO Presentation of Adani Airports
Author: Raoji
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Linkfest: 14 October, 2022
Some stuff I am reading today morning:
India to become world’s third largest economy by 2028 (BS)
IMF: There’s a lot to learn from India (Rediff)
Vistara, Air India could merge (MC)
Sudden spurt in IPO markets (Forbes)
FMCG majors cut prices (Fortune)
There is no medium risk (Permanent Equity)
Bitcoin becoming less volatile than stocks (Yahoo Finance)
Value Investing may never come back (David Einhorn)
It’s time to deploy the recession handbook (Paul Tudor Jones)
The UK Pension Fund Drama explained (Macro Compass)
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Alpha Ideas 20-20 Meet
We had hosted the Alpha Ideas 20-20 Meet in 2018 & 2019 which was well received. We didn’t host in 2020 & 2021 due to Covid.
We are again thinking of hosting the Alpha Ideas 20-20 Meet in Mumbai in the first/second week of November 2022 depending on venue availability
The Summit will have 20 speakers speaking for 20 Minutes (No Q&A) on their best investment ideas.I do hope to line up some great folks to speak for the event.
It will be a great way to spend the day listening to stock pickers and networking with smart investors from around the world
Will go ahead only if we get a decent response.
For those interested,please email me at Alpha Ideas
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Linkfest: 13 October, 2022
Some stuff I am reading today morning:
Cabinet approves 22,000 Cr grant to OMCs (BT)
Britain still wants FTA with India by Diwali (Reuters)
Bank of England reiterates Friday deadline (CNBC)
India’s Industrial Production slips to 18 month low (Rediff)
Business Owner, not Value Investor (Anand Sridharan)
Enjoy your money (White Coat Investor)
Shein & the Tech Cold War (Ranjan Roy)
Union Square Ventures: The Thinkers (The Generalist)
Is it 2001 again? (Macro Compass)
You weren’t supposed to see that (TRB)
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Book Review: The Rise of the BJP
The Book ‘ The Rise of the BJP’ is written by Bhupendra Yadav and Ila Patnaik. Bhupendra is a long time BJP politician and is currently a Minister in the Union Cabinet. Ila is a well known economist.
The Book traces the journey of BJP from its origins as Jan Sangh to the current behemoth it is now.
The Book makes for a fascinating read as it covers all the general elections from 1951 to 2019. As such, it is full of interesting details and trivia.
I was surprised to see the consistent high vote share that Socialist/Communist parties got in India till recently.
Another surprise for me was the fact that Indian National Congress till 1980s used to get more than 40% vote share which fell to less than 20% in 2014.
The Book traces the various elections and the main issues of those elections. The Book obviously has a very symphatetic bias to the BJP but does a good job in covering the vicissitudes of Indian politics.
After PM Modi & Amit Shah took charge of the BJP, the kind of focus they brought to the organisation & elections is truly breath taking.
In India, a typical voting booth is a physical location where about 1,000 voters cast their votes.There are about 1 Million polling booths in India. BJP had a person responsible for each booth. After each election , a post-mortem is done to understand reasons of success or failure.
Each booth has pages of voters called panna. Each panna has names of 20 to 30 voters.Since 40% vote share is enough to win elections, BJP targets to win around 12-15 voters of each panna. It tries to convert many of these voters to members of the party.
With this kind of focus, its no wonder that BJP is the largest political party in the world with a claimed membership of 180 million !
I would recommend this Book only to those interested in Indian politics.