Don't Be a Copy Cat(#048)
Why aping institutional investors need not necessarily be a good idea
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From now on, I shall be posting exclusive content on Stocktwits
Hey folks!
The Stocktwits India edition is live now and just like Twitter, it is an exclusive platform that brings together the world’s best investors and traders.
It comes with integrated Stock tickers that lets you see the fundamental and technical commentary of multiple stocks in one place.
You can use this link to download the app or sign-up on the web below 👇
My user ID is the same as that on Twitter - mehrotra_saket
Here are a few glimpses of the exclusive content posted.
Don’t be a Copy Cat
A while back Theranos by Elizabeth Holmes was the most promising Start-Up which every investor wanted to get their hands on.
“In 2014, Dan Mosley, a lawyer and power broker among wealthy families, asked the entrepreneur Elizabeth Holmes for audited financial statements of Theranos, her blood testing start-up. Theranos never produced any, but Mr. Mosley invested $6 million in the company anyway — and wrote Ms. Holmes a gushing thank-you email for the opportunity.”
You get the drift, right?
You can read the whole article here.
A lot of times, as investors we try to chase stocks where name investors are getting in and also draw comfort from the fact that our favourite investor is already in or getting in the same stock as ours.
While this may give us massive validation in one end, on the other end one should NOT base their investment decision ONLY on this criteria.
This trait has massive anchoring and recency bias - Theranos’ example gives us that answer.
[Premium] Portfolio Update
I recently did a two part series on my Portfolio Update.
The Portfolio stocks that I hold in a personal capacity are all there in my Dashboard disclosures as a part of the transparency initiative which can be accessed here.
I recently did a two part webinar series which can be accessed here 👇
Guess the Breakout Indian Stock of the Week 🚀 [Alpha Swing]
Special Diwali Offer? 60% Off - Only 6 hours to go!
In this week’s 3 swing trades, we are back with the interesting guessing game.
If you can guess the stock right, you get a complimentary 1-month premium access to Alpha Swing.
The stock is a part of India’s biggest bottling unit promoters.
The company operates multiple brands. While one of the brands is the most well-run and profitable brand of the whole lot, the others take a drag on it’s overall profitability.
September Quarter earnings were favourable with the company disclosing a profit for the first time on account of retail opening up and explosive growth across multiple brands.
Guess The Stock.
Answer to last week’s quiz was Gujarat Gas. If you made the guess right, kindly respond - you shall get the 1-month access.
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Webinar Updates
We kicked-off the November webinar series a day before the month started today with a detailed portfolio update of my current holdings.
We discussed changes and how we see the current scenario evolve ahead in the future.
Find out more about the November schedule and a special guest webinar here.
StockRoom Sunday
Podcast of the Week
Song of the Week
Continuing with The Weeknd vibe.
Book of the Week [Spotlighting Again]
The first book that helped me transition into understanding investment implications was 'The Unusual Billionaires'. Ever since then, I have been a big fan of the high quality yet simple insights that the team at Marcellus keeps putting out regularly for millions of investors.
This week, I spotlight ‘Diamonds In The Dust’ - the newest book from the Marcellus stable co-authored by Saurabh, Rakshit & Salil.
Click here to check it out.
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And of course, a signed copy of Diamonds In The Dust
I am joined by the authors on Monday, 15th November, 2021 at 6PM. Click here to register and subscribe to the YouTube channel.
We shall be streaming this session live 🔴
If you liked reading this, why not make someone else smarter too?
Will see you again next week.
Ciao.