ValuePickr Forum

Valuepickr goes Europe

Hi all,

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.

best
Harsh & Rajan

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Hi all,

Thank you for taking the initiative. I am myself an NRI living in France and would like to participate. So, looking forward to it.

Best Regards,
Kulwinder

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Hi all,

I live in Warsaw and will be interested in participating.

Regards,
Pankaj

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+1 from Luxembourg. Sounds like a plan.

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Great initiative. Wish there was something like this for USA

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Hi,

thanks for initiative. I am interested too.

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Hi all,
+1 from Munich Germany, kindly count me in as well.
Best regards,
Sameer

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Hi all,

Thanks for initiative. I am interested too.
+1 from Munich Germany, kindly count me as well.

Br,
Ravindra

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Thanks for the responses. We will wait for few more days and then we will decide and organise further course of action.

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Glad to be of help in organizing, if I can contribute in anyway :slight_smile:
@rajanprabu @harsh.beria93

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Hi,
Thanks for taking the initiative.
I live in Germany. Please count me in too.

Regards,
Vinod

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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

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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?

Useful resources:
https://www.valueinvestorsclub.com/
https://acquirersmultiple.com/blog/
http://www.sharemarketschool.com/category/beginnerslessons/
https://dataroma.com/m/home.php




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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)

Please feel free to leave your comments/queries.

Hi all,

For those just starting out and/or looking to cover some literature on investing, here is a list of books that I would recommend:

  1. The Intelligent Investor by Benjamin Graham
  2. Security Analysis by Benjamin Graham and David Dodd
  3. The Interpretation of Financial Statements by Benjamin Graham
  4. The Snowball by Alice Schroeder
  5. Stocks to Riches by Parag Parikh (Important Behavioral Concepts here)
  6. One Up on Wall Street by Peter Lynch
  7. Technical Analysis of the Financial Markets by John Murphy
  8. Active Value Investing by Vitaliy Katsenelsson
  9. The Most Important Thing (Illuminated) by Howard Marks
  10. Common Stocks and Uncommon Profits by Philip Fisher
  11. Margin of Safety by Seth Klarman
  12. The Warren Buffett Way by Robert Hagstrom
  13. Mosiac by Mohnish Pabrai
  14. The Dhandho Investor by Mohnish Pabrai
  15. Valuation: Measuring and Managing the Value of Companies by McKinsey
  16. Latticework by Robert Hagstrom
  17. 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!

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Hi all,

Thanks for initiative. I am interested too.
+1 from Dusseldorf Germany, kindly count me as well.

I am admin for one of Europe investment group. write me +49 17643334849

Br,
Ranjith

Do we have a Discord or Slack? If not, I propose we make one for VP Europe. It would be great. What do you think @rajanprabu ?

+1 from UK
Please add me in when you guys meet next !

Great initiative @harsh.beria93
Please count me in. I live in Germany since 2009.
Cheers,
Sudeep

@harsh.beria93 @rajanprabu Please add me as well. Am in Belgium.