Free Stock Analysis Excel

Annual Report Review: Info Edge

Here is my review of the FY17 annual report of India’s leading online classifieds company, Info Edge. Click here to download the PDF review (7 MB file), or click the image below. Let me know your thoughts and questions on this review in the Comments section of this post, plus any additional thoughts from your […]

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The J-Curve Model of Thinking, Living, and Investing

My friend Ravi came home for lunch last weekend. He looked dejected. “It’s a bull market, Ravi!” I said trying to cheer him up, but he was in no mood to give away his dejection. “I’m nearing forty, Vishal, and that makes me depressed.” “Why Ravi? You should be happy that you’ve already left your […]

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My Stock Valuation Manifesto

I had released my Investor’s Manifesto couple of years back. Now, here is my fifteen-point stock valuation manifesto that I penned down a few months back though I have been using it as part of my investment process for a few years now. It is evolving but is something I reflect back on if I […]

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Annual Report Review: Symphony

Here is my review of the FY17 annual report of India’s leading air cooler company, Symphony Ltd. Click here to download the PDF review (5 MB file), or read it in the panel below. Let me know your thoughts and questions on this review in the Comments section of this post, plus any additional thoughts […]

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The Dhandho Investor’s Guide to Calculating Intrinsic Value

One of the best books I’ve ever read on investing, and one written in a simple language, is Mohnish Pabrai’s The Dhandho Investor. Mohnish explains in the introduction – Dhandho (pronounced dhun-doe) is a Gujarati word. Dhan comes from the Sanskrit root word Dhana meaning wealth. Dhan-dho, literally translated, means “endeavors that create wealth.” The […]

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Annual Report Review: Avenue Supermarts (D-Mart)

Here is my review of the FY17 annual report of India’s leading value retailer, Avenue Supermarts, which owns and operates the D-Mart brand of stores. Click here to download the PDF review (4 MB file), or read it in the panel below. Let me know your thoughts and questions on this review in the Comments […]

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Financial Shenanigans 101

Definition “Financial shenanigans are acts or actions designed to mask or misrepresent the true financial performance or actual financial position of a company or entity. Financial shenanigans can range from relatively minor infractions involving creative interpretation of accounting rules to outright fraud over many years. In almost every instance, the revelation that a company’s stellar […]

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3 Reasons IPOs Are Almost Always Bad Investments

People indulging in the stock market are often people with a lot of emotions. They get excited by something new, especially if it holds the promise of making them a whole lot richer and provides bragging rights at their next social gathering. Maybe that’s why amateur and professionals alike tend to lose their minds in […]

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