ValuePickr Research and Forum was launched in 2010 with our byline “Separating the Wheat from the Chaff”.
##Separating the Wheat from the Chaff
That has always been the driving force behind what we do. We knew that out of ~6000 listed stocks, ~3000 only were actively traded. Of them probably 2000 stocks were not even worth looking at. Of the balance 1000 if we left out the large caps, there are probably some 500 small and mid-size businesses we thought that could be worth researching/analysing.
Thus started the ValuePickr journey - where we decided to do in-depth work on small businesses that stood out, dominated some niche of their own. We also decided to share freely whatever we learnt - about the businesses, and about the investment-worthy dissection/analysis process. We thought the more we share, the more value we will add to ourselves and the community, the more we will attract like-minded folks in a shared investment journey.
Like most beginners we had our our beginners luck going, we started in bear market conditions. We could and regularly found a few good to great businesses at cheap valuations. 30% grower, with 30% Return, available 5-6x was not uncommon
##Why would ValuePickr stand out from the rest?
Luckily, we spent enough time thinking about what will make us succeed - what we should be doing differently.
A. We took our “Unique Collaborative Research” experiment in Indian markets very seriously.
We welcomed everyone - from novices to beginner investors, to senior practitioners and veterans, and industry domain professionals. Individual amateur investors, to professional analysts & fund managers. To share freely, learn and grow together - adding value to ourselves, and our Community. Together we focused on building holistic frameworks for Stock Analysis & Stock Valuation, and applying these honestly with due rigour and process.
B. We decided we would learn better/faster if we held ourselves Accountable
We decided to keep official records of what (in our collective wisdom then) we thought made great investment sense - set the bar higher, in a way. We decided to stick our necks out, and so started the VP Public Portfolio. Since this was a Public Portfolio, we had to be responsible. Margin of Safety principle was inviolable.
- First margin of safety would be in the “Price” (bear market backed us)
- Second margin of safety we knew would lie in deeper understanding of the business itself
Just as we started getting noticed with well-performing stock picks, we were quickly nudged next to take Capital Allocation seriously. As we learnt from our active practical experience with diverse businesses and managements, we tried to put all our incremental learnings together - show how they all come together - for dissecting investment-worthiness in our much acclaimed ART of Valuation Insights. This year, as we were completing 5 years, we looked back at our selections, and tried to abstract & capture the core learnings or patterns through our Business Quality and Management Quality Insights.
By 2015 as we speak, 5 years down the line, we are happy to be where ValuePickr is today - Thank you for making the community somewhat of a destination for small and medium size listed business investments in India - for ideas, data-points, objective dissection and analysis. For learning, sharing and growing together in a shared investment journey. We have a long way to go, huge runway to cover - Incremental value-adds & refinements, always - defines the VP Mantra.
##Celebrating 5 years of our shared Investment Journey
Delighted to present our quality membership the all new ValuePickr Investing Forum
That provides advanced functionality to help encourage, empower, and incentivise that spirit of active collaboration that is truly the hallmark of ValuePickr community, today!
If you are new to Indian markets and looking for high-quality, in-depth discussions/dissections on specific business (especially small & mid-size businesses), Industry or Sectoral opportunities - ValuePickr Investing Forum and ValuePickr Research may just be your one-stop destination!
We have strived to capture back every aspect of our journey and incremental learning of the last 5 years, to the best of our ability. Whether you are a novice, beginner or veteran investor, professional analyst or fund manager - we have something for you that might add value. New Visitors may like to start by exploring the wealth of Investing Acumen at ValuePickr - as linked above. And don’t forget to check out our Stock Stories - short fact sheets on businesses we like and our Management Q&A - richly detailed interviews with Top Management - their journey, their challenges & opportunities, their competitive advantage and its sustainability - of businesses we worked extensively on. New Learners and Beginner Investors may like to start with our Investing Basics & Stock Market Basics sections.
##Let’s start on the next 5 years with renewed energy and vigour
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