Weekend Bulletin - 15th Sept'24 : Ed. 189
A compilation of few interesting, multi-disciplinary links from the internet
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Aug’24 review of our equity research strategy- Special Situation & Wealth Compounders [We have initiated 1 new stock position in FC SS in the month of August. Visit www.fintrekkcapital.com for more details]
Section 1 - Investing & Personal Finance
The butterfly effect of Index funds [LINK]
How to think about risk - by Howard Marks [LINK]
Building conviction in large positions - by Ian Cassel [LINK]
Section 2 - Economic Trends & Themes
How good FOBs work in India [LINK]
BNPL Secrets you should know - By Anupam Gupta [LINK]
The future of inequality - by Abhijit Banerjee [LINK]
Section 3 - Personality study & Development
The art of finishing work [LINK]
Section 4 - Business History & management
The Many Phoolan Devis of Sheikhpur Gudha [LINK]
Section 5 - Sports, literature & Entertainment
How India went from 1 to 29 medals in Paralympics 2024 [LINK]
The Indian commentator who is now the voice of Afghanistan cricket [LINK]
We have recently initiated a new stock position in our 'Wealth compounder' as a cyclical bet in Fintrekk capital equity research products #FCWC
This lending financial company is one of the largest companies in its operating segment with a first-mover advantage in under-penetrated markets and a diversified reach. The company expects to grow its AUM by ~20%+ in FY25 by expanding its reach in remote locations and catering to customers in tier 4 & 5 cities. It expects spreads to remain stable (5.5%+) with a slight improvement in opex and strong asset quality trend to deliver RoA of 3.5%+ Led by an experienced management team with strong corporate governance, the company has seen a strong asset quality trend over the past few years (GNPA at <1.5%+ over the past three years). Its hybrid underwriting model, effective credit-risk management policies and in-house collections team have helped to keep credit costs in check.
For full disclosure/disclaimers, please visit : https://fintrekkcapital.com/disclosures
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That's it for me. Have a great weekend ahead!
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Disclaimer:
The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information set forth on this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated on this newsletter