Equity Investing for the Long Term Ankur Jain Investment Advisor - - PowerPoint PPT Presentation
Equity Investing for the Long Term Ankur Jain Investment Advisor SEBI Regn # INA 100001158 1 A few words Investing is perceived to be an extremely complex exercise, which it is not. More wealth has been lost by investors due to complex
Ankur Jain Investment Advisor SEBI Regn # INA 100001158
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❖ Investing is perceived to be an extremely complex
exercise, which it is not. More wealth has been lost by investors due to complex theories and constant churn in the portfolio than anything else.
❖ Investment is at its best when it is understood and
executed in a simple manner.
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Education:
MBA [MDI, Gurgaon] Work experience : 12 yrs + Axis Bank: 6 months Tactica Capital: 8.5 yrs Investment Advisor: 3 yrs +
❖ Deeply influenced by teachings of Warren Buffett,
❖ Stocks are not trading chips but they represent
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Strong and durable competitive advantages Unique differentiators Growing free cash flows for a long foreseeable future Good rates of return on capital
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Operational competence Trust Financial discipline
Price paid for acquiring a business should be
safety” between the value assessed and the price paid because An investment which is great at one price can become dumb at another.
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❖ I am a focused equity investor. I don’t invest in any
❖ I avoid futures and options as I don’t understand that
area.
❖ I don’t think and don’t read what others think about
the direction of markets.
❖ I don’t read technical charts. They lie outside my circle
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❖ Bottoms up investor — Laser focused on finding good
businesses.
❖ I am curious about businesses and love analyzing
am convinced about it’s beauty — or the absence of it.
❖ I don’t use any financial software for analysing
reports and other documents available in the public domain.
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❖ Difficult triumvirate to find
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Hence, Once convinced of an idea, I put a large amount of money behind it. Range of 5-10 positions in the portfolio. Maximum position size : 30% at cost.
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❖ You can expect an honest advice. ❖ My money will travel in the same direction as yours.
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❖ Be prepared for volatility. Stock markets by their very nature are
fluctuations.
❖ Patience. More money is made by people who display patience. Value
investing is like growing trees. We have to provide the right seed, the right amount of fertilizer, water, sunshine and time.
❖ Confidentiality. All ideas comprise my intellectual property. As an investor,
I trust you and expect you to maintain complete confidentiality about the ideas.
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Period 1st January, 2009 - 31st December, 2017 Proprietary Capital Nifty 50 Annual Return 38.57% IRR* 15.09% CAGR** Cumulative Return 1884.47% 354.33%
*IRR : Internal Rate of Return **CAGR: Cumulative Annual Growth Rate
Management Fee (Fixed)
Fee : 1%* per annum Performance Fee (Variable) Hurdle Rate : 8.25% ** per annum Fee : 20%* of the profits above the hurdle rate * Plus applicable taxes. ** Hurdle rate is benchmarked to 5 year SBI FD rate. SBI FD Rate +2% p.a. Hurdle rate to be reset every 5 years.
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E-mail : contact@calculatedwagers.com Blog: calculatedwagers.blogspot.in
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