myself and @harsh.beria93 connected via Valuepickr and we thought we should get connected to other Valuepickr’s around Europe. Idea would be to meet periodically ( probably remote ) and share ideas and issues relating to investing and learn from each other. We also thought it would be a good initiative to learn tax and investment possibilities as a NRI living in Europe.
I live in Germany and @harsh.beria93 lives in Swiss. As for as I understand @wandering@Vpayasam also lives in Germany ( as indicated by @Donald in Shivalik bimetals thread ).
Please let us know if this would be of interest and we are happy to host meetings and take it further.
Hey @rajanprabu Thanks for reaching out! I have moved back to India after spending 10 years in German-speaking countries. Nevertheless wish you all lot of fun and learning at the next gathering! Hope to meet someday too. Cheers, Vamsi
It was really nice talking with everyone today. Here is a short list of things that were discussed. Please add things that I might have missed.
Net working capital bargains (famously known as net nets)
Market cap < 0.66*(Net working capital)
Buy a basket and sell if price returns > 50% or holding period is 2 years (whichever happens first)
Screen for these at times of market stress; Helps improve IRR returns
Global stocks discussed: Fairfax India Holdings (alternative to nifty; trading at steep discount to its NAV) Stocks discussed: Vaibhav global (more as a core portfolio stock) Potential value bets: Eclerx, Expleo Geo, NIIT Funds discussed: Fundsmith (Coffee can for the globe, link) Long term value migration:
Industries of the Future (innovation coming from Eastern European countries such as Estonia, Lithuania, Latvia). Example is Transferwise which was founded by Estonians. Link to book
Is IT migration happening from India to Spain and Eastern Europe? How do we verify this?
For those looking at eClerx, here is my not so old research report. I still have to put in 2020 results and update it. Will do that soon as well.eClerx Services.pdf (460.5 KB)
For those just starting out and/or looking to cover some literature on investing, here is a list of books that I would recommend:
The Intelligent Investor by Benjamin Graham
Security Analysis by Benjamin Graham and David Dodd
The Interpretation of Financial Statements by Benjamin Graham
The Snowball by Alice Schroeder
Stocks to Riches by Parag Parikh (Important Behavioral Concepts here)
One Up on Wall Street by Peter Lynch
Technical Analysis of the Financial Markets by John Murphy
Active Value Investing by Vitaliy Katsenelsson
The Most Important Thing (Illuminated) by Howard Marks
Common Stocks and Uncommon Profits by Philip Fisher
Margin of Safety by Seth Klarman
The Warren Buffett Way by Robert Hagstrom
Mosiac by Mohnish Pabrai
The Dhandho Investor by Mohnish Pabrai
Valuation: Measuring and Managing the Value of Companies by McKinsey
Latticework by Robert Hagstrom
Theory of Investment Value by John Burr Williams
This list is by no means exhaustive and will be ever expanding. I would also ask others to contribute to this list to make it more lucrative for everyone here. Thanks and Happy Investing!
