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The Infant Learner
Some stuff I read this week:
A. This week’s Special:-
Intelligent Fanatic : Rashesh Shah
After graduating from IIM , Ahmedabad, Rashesh Shah ( Founder , Edelweiss) started working with ICICI in 1989.This is where he met Venkat Ramaswamy ( Co-founder , Edelweiss). Shah left ICICI in 1993 and joined Prime Securities as Head of Research and Investments. Around the same time Ramaswamy also left ICICI and joined Spartek Emerging Opportunities Fund as a fund manager. They were in the right place at right time.
Indian Capital markets opened up to foreign investors.Realizing the huge opportunity Shah called Ramaswamy and convinced him to start their own business.They wanted to apply for category one Merchant Banking License. The license would cost them 1 crore rupees. This is a lot of money in 1995.Shah convinced his father to mortgage their house.And Ramaswamy sold shares of Infosys. Edelweiss got incorporated in late 1995. He turned Edelweiss from a Rs. 1 crore firm into a Rs. 8000 crore firm.
To read more about him & Edelweiss kindly follow below links:-
Link 1 : About Rashesh Shah ( AN )
Link 2 : Edelweiss ( JW )
B. Entrepreneurial Diary
( “Business means solution of a particular problem and Creating value for customer as well as value for company ” – Paramjeet Redu )
C. Other Stories
Expert Opinion ( SO )
Grandmasters of Work ( CB )
On Rooted Productivity ( CN )
Bitcoin crypto currency ( VK )
How Market Crashes Happen ( AW )
10-ways-to-be-a-terrible-investor ( ME )
What is the best stock valuation ratio ? ( VS )
Compounding Knowledge And Returns ( AD )
Asset allocation is key to good investing ( TI )
Observations on the Process of Moat Investing ( JV )
Importance of Knowing Your Investment Boundaries ( BH )
Renewable energy and electric cars: The way forward ( YT )
Jazz Pharmaceuticals (JAZZ): Bruce Cozadd’s $7 Billion Decision ( IF )
“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