CA Ronit Pereira
@Ronitper
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Rare Investor Insights | Reading | Seeking Quality businesses | EY | Ex- Deloitte | Unserious | Views Personal |
Mumbai
Joined May 2022
One can read this to understand how Pulak Thinks:
Saurabh Mukherjea’s (Marcellus) meeting with Pulak Prasad (Nalanda Capital) in 2010 Saurabh wanted Pulak to sell $30 Million worth of Berger Paints. However, Pulak with his astonishingly wonderful simple argument - denied the deal. Result- $300 Million plus gains for Nalanda.
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Meet Pulak Prasad > Born in Bihar. His father served in the Indian armed forces. > Built a strong foundation early with Engineering from IIT Delhi and Finance from IIM Ahmedabad. > Began his career as a consultant at McKinsey & Company, where he learned the traits of
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“Wars have come, Plagues have come, Recessions have come but the markets have always gone up.” “You have be optimist to be an Investor. If you’re not optimist then you have the RBI Bonds.” - Late Rakesh Jhunjhunwala. 2011. Src: NDTV
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“Wars have come, Plagues have come, Recessions have come but the markets have always gone up.” “You have be optimist to be an Investor. If you’re not optimist then you have the RBI Bonds.” - Late Rakesh Jhunjhunwala. 2011. Src: NDTV
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Many Investors start with the filter of “Low PE” stocks. This is the most dangerous nonsense in Investing. The starting point should be “High ROCE” Company which has Consistent High ROCE is worthy for your Hard Earned money. It has protected itself from competition and has
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@Vivek_Investor @nareshbahrain @jaganmsna Do you’ll remember how Bosch was almost written off 4 Years back 😝
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“Bosch is at forefront of Automotive Tech for past 150 yrs. 20% ROCE for past 15yrs and now at 25PE.” “Do you trust them more with changes in EV tech, or an MBA Analyst from a fancy school telling you to sell??” - EA Sundaram. 2021. CFA Institute Bosch is up 4X since 2021🙌🏻
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I was sitting at Mumbai airport lounge, killing time sipping an overpriced coffee. A guy next to me glanced at my laptop and said, “You work in finance?” I nodded. Regret started immediately. He said, “I invested last year through SIP in small cap funds. Market feels weak.
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“Nothing Ever Happens Unless Someone Pursues a Vision Fanatically.” - Todd Graves. Founder of Raising Canes Chicken Finger Restaurant chain. Net worth $22 Billion. The Art of Focusing on one thing for 30 Years straight🙌🏻 Below are quotes he stuck on his office wall:
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While creating India, God left out Sarcasm.
A client called me after checking his portfolio tanked 4% yesterday. “Markets are terrible. Returns are low. Do something.” I nod seriously and say, “Yes, this will take time. Probably a year. Maybe more. Markets are complicated.” What I actually do? Remove one overhyped
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“In 2004, I went to buy a flat in Delhi from Unitech. The company’s Market cap was 100 crore and the office itself was worth 100 crore.” “I invested Rs.5 Lakhs in 2005 which turned to Rs. 25 Crores in 2008.” - Rajiv Khanna (aka Dolly khanna). IIT Madras
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“Our ancestors have told us, we must keep at least 2-4% of our wealth in Jewellery.” “I know friends who have survived 5 years only by selling their Jewellery. So don’t assume your children won’t face bad days.” - Late Rakesh Jhunjhunwala. 2019. Src:ETnow
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A client called me after checking his portfolio tanked 4% yesterday. “Markets are terrible. Returns are low. Do something.” I nod seriously and say, “Yes, this will take time. Probably a year. Maybe more. Markets are complicated.” What I actually do? Remove one overhyped
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One of my favorite Charlie Munger stories comes from the book - The Snowball: As a young lawyer earning about $20 an hour, Charlie asked, “Who’s my most valuable client?” His answer: Himself. So every morning, he “sold” one hour to himself working on his own real estate and
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“Our ancestors have told us, we must keep at least 2-4% of our wealth in Jewellery.” “I know friends who have survived 5 years only by selling their Jewellery. So don’t assume your children won’t face bad days.” - Late Rakesh Jhunjhunwala. 2019. Src:ETnow
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Very few understand this. Trading make Two people Rich: The Broker, The Government. There is no 3rd party.
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When you’re running after something, You should not look left or right. What does this person think? What does that person think? No. GO !!!
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