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.
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?