Podcasts about coffee can investing

Saurabh brings along his colleague and co-author Rakshit Ranjan to have a discussion about how you can build sustained wealth using the Coffee Can Investing concept. The stocks described in the podcast form a part of our Marcellus' portfolio. So, we as Marcellus, our clients and our immediate relatives have interest and stakes in the described stocks. The described stocks are for illustration and education purpose only and not recommendatory.

In today's episode, Kaustubh and Anirudh invite Deepak Pai to talk about the book that has refined his strategic investing skills  – Coffee Can Investing by Saurabh Mukherjea  About Coffee Can Investing: Most people invest in the usual assets: real estate, gold, mutual funds, fixed deposits, and stock markets. It's always the same four or five instruments. All they end up making is a measly 8 to 12 percent per annum. Those who are exceptionally unfortunate get stuck in the middle of a crash and end up losing a lot of money. What if there was another way? In Coffee Can Investing, Saurabh will show you how to go about low-risk investments that generate great returns.(Courtesy: Goodreads) Our guest speaker, Deepak Pai, is based in Bengaluru, India. He is a Managing Director with Accenture Technologies, India. In his current role, he manages technology work delivered from India for Accenture's ASG (Austria, Switzerland and Germany) clients. This role allows him to bring the best of Accenture's digital transformation and innovation to the clients creating an agile and futuristic application landscape in the process. Get to know more about the guest speaker: Deepak Pai: LinkedIn: https://www.linkedin.com/in/deepak-pai/ Please follow The Book Talkies on Social Media for more updates! Instagram:  @TheBookTalkies_ @kaustubooks_ @anirudhchaudhary415 LinkedIn: https://www.linkedin.com/company/the-book-talkies/ Want to collaborate with us? Please drop a note either on Instagram or email us at thebooktalkiespodcast@gmail.com Happy Reading! Link to Coffee Can Investing on Goodreads: https://www.goodreads.com/book/show/38602142-coffee-can-investing?ref=nav_sb_ss_1_20 Link to Amazon.com: https://www.amazon.com/Coffee-Can-Investing-Low-Risk-Stupendous/dp/B08XFTJQ13/ref=sr_1_2?keywords=coffee+can+investing&qid=1690119264&sprefix=coffee+can+inv%2Caps%2C214&sr=8-2

My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

Ebay in India, now owned by Flipkart, which itself was acquired by Walmart recently, will no longer be available for consumers. The website has been taken down, and as you can see above, Flipkart plans to introduce a new platform in its place. BUT WHY? My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

This week the Simblified gang rope in regular listener and product marketer at Fisdom, Sameer Mohan, for a rambling chat on all things investment. We discuss our uniquely hilarious first investments, our investment philosophies, and the boom of investing digital content in India.Tune in and tune out your bear market woes!Follow Sameer Mohan on Twitter (@sleepyhead148) and check out Sameer's simblifications of financial matters on the Fisdom YouTube channel https://www.youtube.com/c/FisdomOfficialAdd one part news, one part bad jokes, one part Wikipedia research, one part cult references from spending too much time on the internet, one part Wodehouse quotes, and one part quality puns, and you get Simblified.A weekly podcast to help you appear smarter, to an audience that knows no less! Your four hosts - Chuck, Naren, Srikeit, and Tony attempt to deconstruct topics with humor (conditions apply). Fans of the show have described it as "fun conversations with relatable folks", "irreverent humor", "the funniest thing to come out of Malad West" and "if I give you a good review will you please let me go".Started in 2016 as a creative outlet, Simblified now has over 200 episodes, including some live ones, and some with guests who are much smarter than the hosts. Welcome to the world of Simblified!You can contact the hosts on:Chuck: twitter.com/chuck_gopal / instagram.com/chuckofalltradesNaren: twitter.com/shenoyn / instagram.com/shenoynvTony: twitter.com/notytony / instagram.com/notytonySrikeit: twitter.com/srikeit / instagram.com/srikeit

This week the Simblified gang rope in regular listener and product marketer at Fisdom, Sameer Mohan, for a rambling chat on all things investment. We discuss our uniquely hilarious first investments, our investment philosophies, and the boom of investing digital content in India.Tune in and tune out your bear market woes!Follow Sameer Mohan on Twitter (@sleepyhead148) and check out Sameer's simblifications of financial matters on the Fisdom YouTube channel https://www.youtube.com/c/FisdomOfficialAdd one part news, one part bad jokes, one part Wikipedia research, one part cult references from spending too much time on the internet, one part Wodehouse quotes, and one part quality puns, and you get Simblified.A weekly podcast to help you appear smarter, to an audience that knows no less! Your four hosts - Chuck, Naren, Srikeit, and Tony attempt to deconstruct topics with humor (conditions apply). Fans of the show have described it as "fun conversations with relatable folks", "irreverent humor", "the funniest thing to come out of Malad West" and "if I give you a good review will you please let me go".Started in 2016 as a creative outlet, Simblified now has over 200 episodes, including some live ones, and some with guests who are much smarter than the hosts. Welcome to the world of Simblified!You can contact the hosts on:Chuck: twitter.com/chuck_gopal / instagram.com/chuckofalltradesNaren: twitter.com/shenoyn / instagram.com/shenoynvTony: twitter.com/notytony / instagram.com/notytonySrikeit: twitter.com/srikeit / instagram.com/srikeit

[podcast_subscribe id="111"] CBM Screener: https://www.screener.in/screens/629132/cold-brew-money/ How to find stocks or screen for good companies? In this episode, we walk through the basics for finding good stocks to invest in using screener.in which is a great tool to find Indian stocks for beginners. This is a basic screener and there are better screeners out there like Coffee Can Investing by Saurabh Mukherjea and Magic Formula Investing by Joel Greenblatt. We are going to create a basic screener to find stocks that are good to buy and add to your watch list. Useful links: All Streaming Platforms for Cold Brew Money Podcast: https://coldbrew.money/links/ About Cold Brew Money: https://coldbrew.money/about/ All Cold Brew Money Episodes: https://coldbrew.money/episodes/ Cold Brew Money Tools: https://coldbrew.money/tools/ Buy Us A Coffee: https://www.buymeacoffee.com/coldbrewmoney Hosts: Atit Kothari: https://kothariatit.com/ Tapan Desai: https://tapandesai.com/ Atit's Newsletter: https://atitkothari.substack.com/ Tapan's Newsletter: https://tapandesai.substack.com/ Contact Us: Twitter: https://twitter.com/coldbrewmoney Instagram: https://www.instagram.com/coldbrewmoney/ Disclaimer: The information in this video is general information only and should not be taken as constituting professional advice from Atit or Tapan. Atit and Tapan are not financial advisers. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Atit or Tapan are not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video. Outro Music: Mayur Jumani (https://www.youtube.com/channel/UCVUkpUN-Lufq407fUEX2wJQ) --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/cold-brew-money/message

Disclaimer - This is not an investment advice. This is for education purpose only. My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

Disclaimer - This is not an investment advice. This is for education purpose only. My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

Disclaimer - This is not an investment advice. This is for education purpose only. My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

Disclaimer - This is not an investment advice. This is for education purpose only. My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

Disclaimer - This is not an investment advice. This is for education purpose only. My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

Disclaimer - This is not an investment advice. This is for education purpose only. My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

Disclaimer - This is not an investment advice. This is for education purpose only. My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

Disclaimer - This is not an investment advice. This is for education purpose only. My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

Disclaimer - This is not an investment advice. This is for education purpose only. My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

My Book picks:- Coffee Can Investing - https://amzn.to/3FkJwei The Intelligent Investor - https://amzn.to/3ehyISk Think and Grow Rich - https://amzn.to/3EjeHVX Learn to Earn - https://amzn.to/32nuiaf The Psychology of Money - https://amzn.to/3pnP02z

Timestamps 00:00 - Introduction 3:55 - Coffee Can Investing 8:30 - Philosophy 12:55 - Expenses 16:00 - Coffe Can Formula 20:30 - Sales Growth 22:00 - Return on Capital Employed 25:45 - Summary 27:00 - Putting it into Practice 29:00 - Coffe Can Companies Notes: Kirby, in a note written in 1984,5 narrated an incident involving his client's husband. The gentleman had purchased stocks recommended by Kirby in denominations of US$5000 each but, unlike Kirby, did not sell anything from the portfolio. This process (of buying when Kirby bought but not selling thereafter) led to enormous wealth creation for the client over a period of about ten years. The wealth creation was mainly on account of one position transforming to a jumbo holding worth over US$8,00,000 which came from ‘a zillion shares of Xerox'. Impressed by this approach of ‘buy and forget', Kirby coined the term ‘Coffee Can Portfolio', a term in which the ‘coffee can' harks back to the Wild West, when Americans, before the widespread advent of banks, saved their valuables in a coffee can and kept it under a mattress. The Coffee Can Portfolio: Robust returns with a low degree of uncertainty Saurabh Mukherjee: Saurabh Mukherjea is the Founder and Chief Investment Officer of Marcellus Investment Managers. Current portfolio INR 5700 crores in Feb 2021. 5 Key Take-Aways: Philosophy: There is an overwhelming dominance of physical investments like gold and real estate in most Indian households' portfolios. 88 percent of an Indian investor's wealth is in gold and real estate, a dominance not seen in any other large economy of the world. Unlike the stock markets in some developed countries, the Indian stock market has very few great companies that sustain leadership over long periods of time. Coffee Can Portfolio using a simple construct: we use straightforward investment filters to identify ten to twenty-five high-quality stocks and then leave the portfolio untouched for a decade. Expenses: Transaction fees: Also called brokerage, it is the fee you end up paying every time you enter a transaction. Annual fees: This is more typical of funds (like mutual funds and PMS) wherein the fund manager charges an annual fee which can actually be paid on a monthly or quarterly basis as well. Hidden fees: In insurance products and structured products, it is not easy for investors to understand exactly what fees are being charged. In structured products,2 for example, the investor could be given a formula for the return on his principal but that is really the net return in his hands. Coffe Can Formula Sales Growth in double digits Return on Capital Employed Resources: GDP and other macro indicators: https://coldbrew.money/28-macro-indicators/ https://www.reading.guru/coffee-can-investing-by-saurabh-mukherjea/ https://www.moneylife.in/article/the-buy-and-forget-of-coffee-can-portfolio-forget-it/53221.html [podcast_subscribe id="111"] --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/cold-brew-money/message

[podcast_subscribe id="111"] Timestamps Rant on the weather (oops): 00:00 Category - Personal Finance: 3:15 - Total Money Makeover or I Will Teach You To Be Rich: 3:29 - Money: Master The Game: 06:05 - Automatic Millionaire: 8:44 Category - Investing Philosophy: 10:02 - Dhandho Investor: 10:15 - Richer Wiser Happier: 12:52 - Psychology of Money: 15:31 Category - Investing, Valuing Business: 17:14 - Rule #1 Investing: 17:30 - Coffee Can Investing: 19:15 Category - Investing (Advanced): 22:10 - Bogleheads Guide to Investing: 23:37 - Intelligent Investor: 24:50 Honorary Mentions: 26:15 Summary: 29:37 Useful links: All Streaming Platforms for Cold Brew Money Podcast: https://coldbrew.money/links/ About Cold Brew Money: https://coldbrew.money/about/ All Cold Brew Money Episodes: https://coldbrew.money/episodes/ Cold Brew Money Tools: https://coldbrew.money/tools/ Buy Us A Coffee: https://www.buymeacoffee.com/coldbrewmoney Hosts: Atit Kothari: https://kothariatit.com/ Tapan Desai: https://tapandesai.com/ Atit's Newsletter: https://atitkothari.substack.com/ Tapan's Newsletter: https://tapandesai.substack.com/ Contact Us: Twitter: https://twitter.com/coldbrewmoney Instagram: https://www.instagram.com/coldbrewmoney/ Disclaimer: The information in this video is general information only and should not be taken as constituting professional advice from Atit or Tapan. Atit and Tapan are not financial advisers. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Atit or Tapan are not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/cold-brew-money/message

Saurabh Mukherjea is the founder and CIO of Marcellus Investment Managers and author of notable books like Coffee Can Investing and Diamonds in the Dust. In this episode, Saurabh talks about the opportunities in investing in India and the wealth creation that lies ahead for those prepared to benefit from the same.

Anshuman explained to me the Coffee Can Investing strategy from Saurabh Mukherjea's Mukh Coffee Can Investing: The Low-Risk Road to Stupendous Wealth. Tell us what you think: Tanmay Bhat: https://www.instagram.com/tanmaybhat/ Anshuman Sharma: https://www.instagram.com/anshhuman/

Do you want to know what are the qualities of a great business? In this podcast, I share the top 10 qualities that I have understood after doing business analysis of several companies over the years.Here are the Top 10 Qualities:Earnings GrowthProfitable EarningsLow LeverageFocus on CashflowsExcellent ManagementRobust Business ModelCompetitive AdvantagesLongevityExcellent Capital AllocationTechnical StrengthAnd by the time you are done with this episode, you will have absolute clarity and understanding about attributes of great businesses.Join LIVE Session to Learn More >> http://TechnoFunda.co/liveYouTube Channel >> ACCESS HEREMy Website >> https://vivekmashrani.com/Listen to other episodes >> LISTEN HEREBook >> 100 to 1 in the Stock MarketDisclaimer: Only for educational purpose. Kindly consult your financial advisor for implementation based on your risk profile.

The best decade for Indian equities ironically was the 1980s, and if we look back at the 1980s the Sensex compounded by around 30%-35% -- that's the best decadal return the Sensex has ever given and that predates the 1991 reforms, Saurabh Mukherjea is the Founder and Chief Investment Officer of Marcellus Investment Managers said in a D-Street Talk podcast with Moneycontrol. Mukherjea, author of Coffee Can Investing as well as Unusual Billionaires with decades of experience in the capital market says that the real hallmark of great wealth generators is not stock not the bottom line, but a derivative of bottom line which incorporates working capital cycle and asset turns which is called free cash flow. Edited Excerpts - Q) As we step into the second half of 2021 what are your views on markets? The Nifty50 rallied 13% in the first half, do you think the momentum will continue? A) Much as we enjoy the bull market I have to be honest, we don't really look at the broader market. Our approach in Marcellus is pretty oblivious to broader market circumstances, whether it's a panic like January, February, March last year, or this healthier market circumstance you're pointing to. We have seen over the last seven-eight months, superb fundamentals across our PMS schemes which are seeing earnings growth. In some cases, earnings growth is pushing towards 40% mark in the companies in which we have invested. Remember, these are not small companies, and almost all our investee companies are dominant market leaders. Earnings growth is very healthy over the last seven, eight, nine months. In the period starting January to March this year, many of our portfolio companies have delivered 40%-50% kind of earnings growth. But, even more impressively, were the free cash flow generation come through. Free cash flow is calculated after taking CapEx into account, and after taking your working capital load into account. Even in our smaller cap portfolios, we are seeing almost 80%-90% jumps in the free cash flow. So what does it mean? Well, it points to the fact that well-run companies in India Inc. are in very good health, and they're in the pink of their health. And, as COVID destroys the informal sector, well run India Inc. companies are in a superb position to grab the market share and consolidate position which will lead to the creation of shareholder wealth in the coming years. My reckoning is generally strong well run companies are in an outstanding position today, compared to say where they were two, three, four years ago. Q) The year 2021 also marks 30 years of reforms for India. What is your take on that? For the market, it never looked back – do you feel that the current reform process are equally strong and will take the economy to new highs? A) I am not sure if listeners will make that much money by agonizing about reforms because the best decade for Indian equities ironically was the 1980s. If you look back at the 1980s the Sensex compounded by around 30%-35%. That's the best decadal return the Sensex has ever given and that predates the 1991 reforms. So, there isn't that much of a relationship contrary to the popular perception that somehow economic reform creates shareholder wealth -- or there isn't that much relationship either in India or indeed in the Western world, between economic reform and broader markets. The notion that the broader bull market conditions is what you need to create wealth is also something that people need to challenge and question. If we look at the last decade there were been plenty of issues around say DeMon, GST, COVID, Yes Bank, DHFL, as well as ILFS. In spite of that, in the last decade, $1 trillion of wealth has been created in the Indian stock market, but 80% of that has been created by 16 companies. So, just 16 companies accounted for 80% of the wealth in the Indian market. The last decade for the average investor in the NIFTY or typical sort of investor who invests in an assortment of stocks would have been an unspectacular decade 10%-11% compounding. But if you're a discerning investor and you locked yourself into a dozen or so of these 15 giant wealth creators, you would have compounded your wealth close to 25% over the last decade. So broader aggregates, economic reform, broader macro aggregates were not very useful for making money. One needs to go stock specific, and one needs to understand the changes in the structure of the economy and benefit from that. Q) Well, there's a lot of craze on tech focused startup. So are you also planning to start something around it? A) No, as I said, we are fairly oblivious to whatever is the flavor of the day, or what is the current market sentiment. I have never quite understood why people get so excited about IPOs and the latest theme (Tech based IPO). I'm sure, if you remember, 10 years ago, everybody wanted to invest in infrastructure stocks and you know how that ended. I remember the turn of the century 1999-2000, I wasn't living in India, but I used to keep reading that Indians are going berserk investing in IT services stocks, we also know how that ended. Our job remains to consistently identify clean companies, selling essential products and services to India's 140 crore people, and doing so through dominant franchises which have little or no competition. And, if they happen to be in the tech sector, brilliant, we love it. But, we have no great reason to believe that they are in the tech sector disproportionately. There's a couple of tech companies that meet that criteria, clean, essential, dominant. But, there's only a couple of tech companies that meet that criteria. There are plenty of companies outside the tech sector, some in the specialty chemical sector, some in the pharma sector, some in FMCG, some in financial services, who meet our criteria and we invest in them and compound our balances well that around historically fighting the last four years it around 25% per annum. Q) You have highlighted the emphasis of Free Cash Flows in one of your blogs. Help our listeners understand the relationship between Free Cash flows and earnings growth? A) I think this is an important subject that you raised one that is close to our hearts. When most people read newspaper headlines, or they read the media coverage, they see a certain company that has grabbed so much market share, its volumes are growing much – the focus here is on the top-line growth. But, top-line creation doesn't necessarily create wealth, whether you look at the airline sector, or you look at the telecom sector or at the metals and mining sector. In all of these sectors, we have companies whose top lines or volumes have grown at a solid rate in the last 20 years, but they have not been able to create a great deal of wealth. Why? Because they haven't had the pricing power to protect their margins. So, investors should look at one level more, and scan through profit margin. If the top-line is vanity, the bottom line is sanity. The ability to grow your profits, over a five, 10, 15 year periods is the sign of a good company. But there's one more layer to it. Often what happens is that as companies grow bigger, they lose their discipline in terms of controlling efficiency in the shop floor in terms of assets, inspecting their machines harder and harder. They lose their efficiency in terms of managing the working capital cycle, which is paying your suppliers later, collecting monies from customers quickly, and keeping your inventories at a minimum. So what we find as the real hallmark, the real hallmark of great wealth generators is not stock not bottom line, but a derivative of bottom line which incorporates working capital cycle and asset turns which is called free cash flow. Free cash flow is nothing but the operating profit, less whatever you had to set aside for working capital, less whatever you've spent on CapEx. So, if your CapEx load is low, your working capital incremental working capitals requirements are low, then your free cash flows tend to be very healthy. Typically in India champion franchises example, Titan, Pidilite, Asian Paints, Page Industries, Relaxo all these champion franchises over the last five years, 10 years, 20 years have grown free cash flows at around 25% per annum. These are all investee companies of us, which is why I know the numbers so well. To summarize, the top line is vanity, the bottom line is sanity, and cash flow is reality. And, that's why I keep telling people to focus on cash flow, not the newspapers headlines and not even profitability. Q) You have talked extensively about polarization in the Indian stock market where wealth creation by Nifty companies is being driven by fewer and fewer companies that account for 80% of the wealth creation in the stock market. What is leading to polarization and how should investors approach it? A) So, what's happening in India is very similar to what happened in America in their corresponding state of development. As the country got networked which includes sea, railways, the telegraph, a modern road network. In India, the same is happening over the last 10-15 years and I suspect we've got 10-15 years more to go of networking the country using broadband, low-cost airlines, a more extensive highway network, and so on. But, you can see very visibly how the consolidation of the country is creating one or two giant companies in every sector, and those giants are scooping up the entire sector's profits. If the sector is large, say banking, or IT services and the sector dominator is becoming a national leviathan, I call it a giant monster who accounts for the bulk of the country's profits. Now, let's start with market cap and then we go to fundamentals. In the decade ending December 2010, around 27 companies accounted for 80% of the wealth creation in the stock market. In the decade ending December 2020, barely 16 companies, 16 accounted for 80% of the wealth creation in the country. So as you've nicely put it, wealth creation has got polarized into the hands of very few companies. Now, why has that happened? 10 years ago around 2010, the top 20 profit generators in India account was around a third of India's profits. Today at the end of FY21 the top 20 profit generators in India accounts for 90%, 95% of India's profits. So the profit share of the elite top 20 firms quadrupled in the last decade. The top 20 have pulled further and further away from the less of the market, which is why it explains why they're driving the bulk of the stock market wealth. 10 years or so ago, the top 20 franchises would have accounted for 30%, 35% of the country's free cash flow. In the year ending March ‘21, the top 20 franchises accounted for around 60% of India's free cash flow. So free cash flows are getting concentrated into the hands of 20 companies, profits are getting concentrated into the hands of 20 companies. Wealth creation, therefore, is getting concentrated into the hands of 20 companies. And what that means for your listeners today is -- if they are building portfolios, where they're buying several PMS, several mutual funds, severally AIS doing some direct punting on the market might not be that effective. Unfortunately, that's not going to be a very effective way to create wealth, because wealth in India in the next decade will be created by at most a dozen and a half companies more likely a dozen or so companies. And, that concentrated nature of wealth creation will actually make wealth creation a very different prospect from investing in the broader indices in the stock market. Q) Do you plan to introduce new products in the forthcoming future? You launched a new SIP program recently, please take us through that and what are the benefits? A) So we've watched and admired from a distance the outstanding work done by the mutual fund industry in making investment buying friendly and making investment investor-friendly. I think the SIP program that the mutual fund industry launched has been a great success. I wish them continued success to the SIP program. What we felt that just like a SIP in the mutual fund context is useful for investors, why shouldn't we do a SIP in the PMS industry, because after all, the benefits are very similar. Namely, if you are a salaried person like I am and your income comes in every month at a relatively regular rate, and you're able to set aside say 10% 20% of your income, you can then keep investing in the PMS at an ongoing rate, provided of course you can need the minimum requirement of Rs 50 lakhs. Secondly, by doing so, by consistently investing by what's called dollar-cost averaging, you're consistently dripping money into your SIP, you're being able to neutralize the highs and lows of the stock market. The third benefit you get is that you're able to turn savings into investment. You're able to turn investing into the stock market into a habit rather than something which you have to do after deep contemplation at the end of every financial year. So the benefits of SIP for people who are earning regular income is great, because they don't really suddenly come upon a certain large sum of money, they're constantly getting fresh funds and they can put that in a PMS SIP just like they do with the mutual fund SIP. (Tune into the podcast for more) Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Hello Investor I really got very impressed by the investment style of Mr. Saurabh Mukherjea and the strategy which he has proposed in his books which are mentioned in the episode. After reading both of his books, it feels like investing is very simple and it is very easy to make great returns from the stock market by following simple rules. I would highly recommend that every investor must read both of his books which are: 1. Coffee Can Investing: https://amzn.to/2RnIvyv 2. The Unusual Billionaires: https://amzn.to/3fNENHN And that is why in today's episode I have shared his formula to choose quality companies for long-term investing in Small-Cap Category and how you can use that formula/strategy to choose quality companies on your own. Also shared Top 15 Small-Cap Super Star Stocks which are there in his Marcellus LCP Portfolio which are selected by Mr. Saurabh Mukherjea based on his strategy which I have discussed in this episode. Recommended videos: 14 Quality Stock of CCP Portfolio: https://youtu.be/NYR5rkUIOII How to Find Companies with Strong MOAT: https://youtu.be/lXFYkg329NA How to Identify Companies with Chor Management: https://youtu.be/m7JIugPyd9Q

Best Books:- (These Books are not just about trading, these books will tell all about money management, money psychology, money management and investing etc) Coffee Can Investing - https://amzn.to/3vH80ZG Rich Dad Poor Dad - https://amzn.to/3gSt1ey Think and Grow Rich - https://amzn.to/3gOkUzA Atomic Habits - https://amzn.to/3cnt5la The Psychology of Money - https://amzn.to/3iD3Lvt Ikigai - https://amzn.to/2TEx4TF Here I just talk about how you can start your stock market journey? What mistakes people made when they are starting? What You should keep in mind and all! Hope You Like It.

Best Books:- Coffee Can Investing - https://amzn.to/3vH80ZG Rich Dad Poor Dad - https://amzn.to/3gSt1ey Think and Grow Rich - https://amzn.to/3gOkUzA Coffee Can Investing approach refers to “buy and forget” to investing in shares of companies.

We have as our guest today Dhruv Nath. In the first half, we discuss his book Funding Your Startup and Other Nightmares co written with Sushanto Mitra.In the second half, we discussWhy I stopped wearing my socks by Alok Kejriwal,Coffee Can Investing - by Saurabh Mukherjee andFreedom at Midnight by Dominique Lapierre and Larry Collins.Funding Your Startup: And Other Nightmares https://www.amazon.in/dp/0143450387/ref=cm_sw_r_cp_apa_i_A9C955JHX1ECJ0ZPH4GKHappy Listening!To know more about the books we discussed, tune in to the podcast.https://ivmpodcasts.com/paperback-episode-listYou can find more details about The Open Library Project on www.openlibrary.inYou can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app.You can check out our website at http://www.ivmpodcasts.com/

Hello Investors, In this episode, I have shared my knowledge about the Johnson Controls-Hitachi Air Conditioning Company. I have tried to throw some insight into their business model, growth aspect, financials, valuations, and much more. Johnson Controls-Hitachi Air Conditioning is engaged in the business of manufacturing, selling, and trading of Hitachi brand of Air conditioners, refrigerators, chillers, and VRF (variable refrigerant flow) systems, and providing design and development services to Group Company to design, and/or support development and improvement of features in new and existing air conditioning products. I hope you find this episode helpful and informative. ***RECOMMENDED READING LIST*** The Little Book of Common Sense Investing (Jack Bogle's awesome advice on index funds) The Millionaire Next Door (Great Read to know how money works by Thomas J. Stanley) One Up On Wall Street (Peter Lynch's Best Advice to Stock Market Beginners) Rich Dad Poor Dad (Personal finance book of all time) Think and Grow Rich (the ultimate book on money mindset and wealth consciousness) Open an online investment account. DISCLAIMERS & DISCLOSURES: This content is for education and entertainment purposes only. I do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. I am a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.in. Thank you for your support! SAY HI ON SOCIAL: Twitter: https://twitter.com/pratikchn Instagram: http://instagram.com/pratikchn LinkedIn: https://www.linkedin.com/in/pratikchn/ Discord: https://discord.gg/kCUnmr7 Open an online investment account. #JohnsonControlsHitachi #JohnsonControls-HitachiStockAnalysis #JohnsonControls-HitachiShare Music: chill. by sakura Hz https://soundcloud.com/sakurahertz Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: http://bit.ly/chill-sakuraHz Music promoted by Audio Library https://youtu.be/pF2tXC1pXNo

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson And that is why even if you can grow your investment by going with the leaders and grow your wealth by 15% to 20% annually is much better than investing in risker mid-cap and small-cap stocks with an expectation of higher returns. Capital protection should be the number one priority. And that is why in this episode I have shared 5 best stocks to invest with a long-term perspective of let say 10 to 20 years. All these 5 stocks are market leaders in their sectors and will surely compound your wealth slowly and steadily over a longer horizon. ***RECOMMENDED READING LIST*** The Little Book of Common Sense Investing (Jack Bogle's awesome advice on index funds) The Millionaire Next Door (Great Read to know how money works by Thomas J. Stanley) One Up On Wall Street (Peter Lynch's Best Advice to Stock Market Beginners) Rich Dad Poor Dad (Personal finance book of all time) Think and Grow Rich (the ultimate book on money mindset and wealth consciousness) Open an online investment account. DISCLAIMERS & DISCLOSURES: This content is for education and entertainment purposes only. I do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. I am a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.in. Thank you for your support! SAY HI ON SOCIAL: Twitter: https://twitter.com/pratikchn Instagram: http://instagram.com/pratikchn LinkedIn: https://www.linkedin.com/in/pratikchn/ Discord: https://discord.gg/kCUnmr7 Open an online investment account. #MoneyMarket #WhatIsMoneyMarket #CapitalMarket Music: chill. by sakura Hz https://soundcloud.com/sakurahertz Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: http://bit.ly/chill-sakuraHz Music promoted by Audio Library https://youtu.be/pF2tXC1pXNo

Saurabh Mukherjea is a prolific equity markets investor, an author and an entrepreneur. He is the Founder and Chief Investment Officer of Marcellus Investment Managers and the former CEO of Ambit Capital.  Prior to Ambit, Saurabh was co-founder of Clear Capital, a London-based small-cap equity research firm that was created in 2003 and sold in 2008. In 2018, he joined SEBI's Asset Management Advisory Committee. He has written some bestselling books: The Unusual Billionaires and Coffee Can Investing. In this episode, we talk about retail investing in India, about cutting through financial noise, the concept of coffee-can investing and a lot more.

“Some people want it to happen, some wish it would happen, others make it happen.” ― Saurabh Mukherjea Just go for it guys choosing the stocks with a long term perspective and earning great returns is not that complicated and difficult. And with the help of the Coffee Can Investing style, you can actually choose and evaluate best shares for investing and build great wealth for yourself in the long term. Best Book on Coffee Can Investing by Saurabh Mukherjea ***RECOMMENDED READING LIST*** The Little Book of Common Sense Investing (Jack Bogle's awesome advice on index funds) The Millionaire Next Door (Great Read to know how money works by Thomas J. Stanley) One Up On Wall Street (Peter Lynch's Best Advice to Stock Market Beginners) Rich Dad Poor Dad (Personal finance book of all time) Think and Grow Rich (the ultimate book on money mindset and wealth consciousness) Open an online investment account. DISCLAIMERS & DISCLOSURES: This content is for education and entertainment purposes only. I do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. I am a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.in. Thank you for your support! SAY HI ON SOCIAL: Twitter: https://twitter.com/pratikchn Instagram: http://instagram.com/pratikchn LinkedIn: https://www.linkedin.com/in/pratikchn/ Discord: https://discord.gg/kCUnmr7 Open an online investment account. #beststockstoinvest2020 #investinginstocks #Dividendstocks2020 Music: chill. by sakura Hz https://soundcloud.com/sakurahertz Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: http://bit.ly/chill-sakuraHz Music promoted by Audio Library https://youtu.be/pF2tXC1pXNo