AK
@AzamAKhan2
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Chronicle of my thoughts - nothing more, nothing less
Karachi, Pakistan
Joined April 2020
Allowing your hedges to act as hedges rather than trying to make a profit from them is a skill I have not yet learnt
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When the ideas start running out, they start aggressively pitching narrower justified discounts to SOTPs for holding companies. More cues to continue reduce Pak equity exposure. I’m sure there’s money to be made still but it ain’t going to be easy money.
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Solid moral compass: the opposing view to Bill Ackman on literally any issue.
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I’m not looking at PTC as buying PTC. I’m looking at it as buying Telenor and getting all of PTC for free without any synergy upside. Not sure how PTC got Telenor for 108bn with FY25 EBITDA looking like 60bn. Should have been closer to 400bn EV.
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Also for people who ask for tips, with the exception AICL and Mureb, my portfolio consists of 3 of their alpha picks 😂
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Really enjoy the way this strategy piece is articulated - one that should be digestible for all: https://t.co/0VNOYGNbSM
@YousufMFarooq killing it per usual.
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If you find yourself taking more risk with the index at 175k than you were taking with the index at 40k, you really don’t know what you are doing and you should size down and chill out. Manage risk and returns will come is exactly the right approach to this market.
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The psychology in a bull market for salaried class is brutal. Your portfolio returns can be multiples of salary but in absolute terms are not sufficient to stop working. So you either get demotivated, jump around or increase portfolio risk at the wrong time and get wiped out.
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How I got to know about this tweet.. My friend is clearly only focusing on the price hike part
PTCL is one of the most pathetic internet service providers on the earth. They increase their charges almost every month without any prior intimation. This month, they have increased the charges again.
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I.e. fully derisked execution at 20-50 cents on the dollar. The same is true for almost every other industry in Pakistan. Only once those listed businesses receive full valuations should capital flow towards other ventures where rate of return may now be higher.
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There is no point in doing business when existing listed businesses pay you more than what you could do with a startup. For example, if you ever wanted to start a bank in Pakistan, 2022 gave you the perfect opportunity to buy established banks at less than book value.
Two headlines present sharply contrasting signals about Pakistan’s economy. On the one hand, the Pakistan Stock Exchange has scaled yet another record high, reflecting rising investor interest and improving market sentiment. On the other, exports have plunged by over 20 percent
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When you miss out on an epic bull run
@Asad_Ashah @AribaShahid what was it about the stock market not being an indicator of something.... I can't remember. Can you please refresh my memory?
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Private equity firms adding operational value to their portfolio companies
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You guys make bank or no?
1/ A thread on personal portfolio allocation during these, shall I say, interesting times:
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Can I get some tips from the middle class on how they own a small house with 1.5-3.5 lakhs single income and a family of 4 in a tier 1 city?
PAKISTAN'S REAL CLASS SYSTEM 2025 Estimates based on Family of 4-5, Tier-1 Cities like Lahore, Karachi, Islamabad
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Yeah bro - let’s make the MAG 7 in Pakistan
Top 9 co's in the world by value are all tech based. In PSX top 10 ,5 banks, 3 energy, FFC & LUCKY. Not a single tech company. Largest global bank JP Morgan is 1/6th the value of largest tech company. Without changing structure of our economy we cannot have sustainable growth
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Fighting the urge to return to Pak twitter just to tell the PIA deal naysayers: never go full retard, son.
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Would be great if the burgeoning podcast community in Pakistan could do a simple thing: ask their VC guests to present an audited track record of returns prior to giving them their platform to market themselves as successful VCs.
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