this is a fantastic read about a little known but extremely successful silicon valley investor
link: https://joincolossus.com/article/the-visions-of-neil-mehta-greenoaks/
10/10, highly recommed
sharing some of my favorite snippets below
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great lessons from jatin khemani sir, valuable insights, Grateful to you sir, keep providing such valuable insights sir, and thanks to the person who uploaded, keep uploading such valuable content. it really helps.
I was feeling aggrieved about my lack of concentration these days. I read the Stern article practically in one sitting, spilling water while having breakfast.
I too dream of investing in a down and out company with great prospects. Then I look at Mehtas of this world and their deep-diving, and I bow to them.
Great word of wisdoms:
The next multibagger rarely comes with flashing neon signs or front-page headlines. Itâs usually hiding in plain sightâquiet, overlooked, even ridiculed. The crowd doesnât see it, the analysts donât model it, and most investors dismiss it outright. Thatâs precisely why it has room to surprise.
Great winners are almost always born misunderstood. In the early days, the narrative is confusion, doubt, and disbelief. The market sees ârisk,â while the few who dig deeper see âoptionality.â And as the business executes step by stepâbuilding moats, scaling operations, defying skepticsâthe price begins its quiet march.
Then one fine day, the switch flips. The world âdiscoversâ it. Media calls it visionary, institutions pile in, and the same voices that once mocked it now call it a âwonderful business.â But by then, the outsized gains have already been harvested by those who believed before the spotlight arrived.
The essence of superior investing lies in this gapâbetween perception and reality, between doubt and conviction. The crowd waits for validation; the true investor moves before it.
So remember: the next big winner wonât look obvious. It will look questionable, messy, maybe even boring. And thatâs the very disguise that hides greatness until itâs too late.
Disclaimer: Copy and paste from Twitter handle of Arun Mukherjee.
This is indeed more or less perfect articulation of investing journey.
All multi baggers are almost always in the hindsight. No one predicted those at the start of their journey. All analysts generally start painting rosy picture once it has already been 5 or 10 bagger. Thatâs how analysts operate (unfortunately!!). Why will they tell you that specific stock is going to be a multi-bagger in advance before they themself have made some profit by investing much before you.
I may be wrong but this is my personal experience.
You have to build your own framework, process and conviction. TCS used to trade at P/E < 18 during its early days while Infosys used to have Avg P/E of about 25. How many analysts would have thought that TCS was undervalued at that time. Very Few. Eventually TCS started commanding Avg P/E of 25 to 30.
I found this article by Eagle Point Capital which talks about the different kinds of business and how they navigate an inflationary world.
Building Resilience to Inflation
This write-up references and builds on Warren Buffettâs 1977 article on How inflation swindles the equity investor
It touches upon:
While the piece starts off on inflation resilience, it includes a great write-up on qualities of great businesses with pricing power. This can be useful in helping build a mental model on the qualities an investor can look for while buying any business.
I have found out an excellent article regarding the distinction between intrinsic value and a market price of a stock.
The Calculus of Value ( The Memo by Howard Marks).
The memo presents a framework for understanding the distinction between intrinsic value and market price, emphasizing that value is derived from the fundamentals of an asset, while price is shaped by investor psychology and market forces. Marks highlights how elevated prices and optimistic psychology can disconnect prices from underlying value, and discusses the risks associated with such environments. He reviews market developments in 2025 (including tariff shocks and relief rallies), and the increasingly prominent role of tech giants in market valuations, usually at higher price/earnings (p/e) ratios. The memo concludes with advice for investors to become more defensive in periods of high valuation and exuberant investor sentiment.
Universal business lessons that applies to building businesses in any Industry.
https://archive.ph/CKCVH
Mistaken Ghost Order Caused Worst India Trading Blunder in Years
The broker informed the sellers about the error soon after the market open, telling them that Avendus had managed to repurchase the shares and that there would be no losses for the family, according to the people.
Wonât there be a huge tax due incoming because of this? The cost of these promoter shares must be in single digits and sold at more than 1k.
Found this substack helpful to understand the economics of capex in hospital sector.
Must read for novice as well as a reminder for investors been in the markets
Brightcom Saga: How numbers can lie.
Summarised the entire story:
What Happened
SEBI dropped hammer on Brightcom Group Ltd (BGL), exposing years of deceptive accounting and misleading disclosures. Once hailed as a digital marketing powerhouse, BGL is now suspended from trading and facing serious penalties.
Key Violations
Fallout: Over 6 lakh retail investors are stuck, with no way to trade.
