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The Infant Learner

Some stuff I read this week:

              This Week’s Special:-

(Interview with Kalpen Parekh of IDFC Mutual Fund )

Mr.Kalpen Parekh serves as Chief Executive officer at IDFC Asset Management Company Limited.Mr.Parekh has many years of experience in retail, sales and distribution.Prior to joining IDFC Asset, he was with Birla Sun Life AMC where he was Head of Sales and Distribution across mutual fund, PMS, and real estate.Prior to that, he was working with ICICI Prudential AMC as Joint Head of Retail Sales and Distribution where he handled sales responsibility for west and south zone and an additional PAN India responsibility of heading banks and national brokers channel. Mr.Parekh has earned a B.E in Chemicals and an M.M.S in Finance.

Recently he was interviewed at stoicinvesting.com. These are the key points of his interview:

  • His eventful start to the career and how Indian markets were changing interest.
  • How his early experiences changed his perspective about fund management business.
  • Huge discrepancies between fund performance and investor’s performance.
  • The struggle of making behavioral psychology as a part of DNA of the IDFC MF.
  • Does MF industry really create any value ?
  • Investors should be aware of DOWNSIDE RISK
  • Fund Managers vs AMC communication. What is more important ?
  • 4 pillars of Knowledge at IDFC.
  • Need to Speak in the language of the customer.
  • Should retail investor buy stocks directly.
  • What books are you reading.

Click the link given below to listen to the interview :
Mr.Kalpen Parekh Interview ( Stoic Investing )

B. Entrepreneurial Diary

( “Business means solution of a particular problem and Creating value for customer as well as value  for company ” – Paramjeet Redu )

All-Time Best Advice From Billionaires To Graduates ( Forbes )
The ultimate guide to raising funding for startups (Your Story )
How to manage business relationships ( Virgin )
Value Lies @ Bottom of pyramid ( Office Chai )
Start up Story : Nootrobox ( Bloomberg )
Start up Corner : 1mg ( Business Standard )
Jaiprakash Gaur on his life and work ( Outlook )
Inside Evan Spiegel’s very private Snapchat Story ( Recode )

C. Other Stories

Middleby Corporation (MIDD): Case Study of 100-Bagger (MCap)
Business Analysis :-Constellation Software ( Seeking Wisdom )
Focused Investing For The Long-Term (Mairs & Power)
Is There a Worm in Apple? ( Sova )
Research Report:Indian Pharma  ( Motilal Oswal  )
India’s Failed Debt-Quota Sale Signals Faltering Overseas Demand(Bloomberg )
Ten common mistakes that can fetch you a tax notice ( Economic Times )
The return of the Gulf Malayalee ( Mint )

“I read everything: annual reports, 10k’s, 10q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of seats. Reading is key. Reading has made me rich over time” – Warren Buffett

“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you” – Charlie Munger

You have to apply yourself each day to becoming a little better. By applying yourself to the task of becoming a little better each and every day over a period of time, you will become a lot better”-  Carol Dweck