Kotak Securities | wealthymatters

Focus On No Debt,Kenneth Andrade @KotakSecurities #KotakMidCapMeet15

December 11, 2015 4 Comments

wealthymatters If there is just any one tip Mr Kenneth Andrade would give a person investing in small -caps, its focus on small companies with no debt. This increases their chances of surviving the next 10 years.

He follows companies to ensure that over time the sum total of their equity, reserves and debt goes down, to ensure that these businesses are using capital efficiently and returning profits to investors. Equity investment according to him is about withdrawing money from the business.

And to Bhavikk Shah’s question, he says to focus on ensuring that the companies have no debt. Then there is no chance of them flaming out.

Filed under Paper Assets Tagged with #KotakMidCapMeet15, debt, efficient use of capital, equity, Kenneth Andrade, Kotak Securities, Mid Cap, no debt, no debt companies, postaday, reserves, small cap

Nilesh Shah On Gold @KotakSecurities #KotakMidCapMeet15

December 11, 2015 Leave a comment

wealthymatters Paper Investors have a fundamental difference in thinking from those who prefer tangible assets.
His argument is that as India is the only buyer of gold, the day we all wish to sell, we will find no buyers offering a good price. Banks are prohibited by law to buy-back gold and jewelers have stocked up gold on credit.
My understanding is that, gold sold at the time of large scale distress, such as war or its aftermath, might not get us a good price in any given currency, but gold is “money” that is directly exchangeable for goods and services.
Buying gold is a statement on non confidence in the currency of any given country. And the establishment that devalues it.

And in anycase, Mr Nilesh Shah is wrong on fact. Indians are not the only buyers of gold.

Filed under Paper Assets, Precious Metals Tagged with #KotakMidCapMeet15, Bullion, currency, Gold, gold buyers, investment, Kotak Securities, Money, Nilesh Shah, paper investments, postaday, tangiable asset

Tea Break @KotakSecurities #KotakMidCapMeet15

December 11, 2015 2 Comments

wealthymatters A gentleman attracted by my media tag, buttonholed me to ask why the media was so negative on the economy?
Short answer, I’m leery of all rosy stories involving leverage and predictions. And Modinomics involves huge credit creation. Debts become due some or other day and we can’t avoid paying them ,unless we plan on reneging on our word.
Making predictions about factors not within our control is a bit of nonsense. And Modiji’s vision has too many such predictions.

Filed under Tidbits Tagged with #KotakMidCapMeet15, credit creation, debts, Kotak Securities, leverage, Modinomics, negative on the economy, postaday, predictions

New Insight @KotakSecurities #KotakMidCapMeet15

December 11, 2015 2 Comments

walthymatters Just heard something useful in Mr Nilesh Shah’s speech @KotakSecurities #KotakMidCapMeet15.
Kotak Mahindra Bank stared by providing Auto Financing for Maruti Cars and then extended themselves to financing the purchase of other cars and then grew from there on to what it is today.
Moral of the story? First go do something small/limited, exceedingly well and then build on your successes gradually.

Filed under Entrepreneurship Tagged with #KotakMidCapMeet15, auto financing, Entrepreneurship, Kotak Mahindra Bank, Kotak Securities, Maruti Cars, Nilesh Shah, postaday, startup

Well Said @KotakSecurities #KotakMidCapMeet15

December 11, 2015 Leave a comment

Great to hear Mr Kamlesh Rao,CEO Kotak Securities, state at the @KotakSecurities ‪#‎KotakMidCapMeet15‬ @GrandHyattMum that social media is probably the greatest source of banking developments these days. Eg the competition to cheques and debit cards is the mobile wallet.