Choices that one makes! a Fund Manager’s dilemma....
Hope you had a lovely Holi celebration and may this festival fill your life with the colors of joy, friendship, and happiness always....
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Feb 2, 20234 min read
Budget, Adani and Fed!!!
Greetings from Team Carnelian!!! Last few days have been eventful to say the least – The Budget, Adani Group, FOMC meeting... While two...
Jan 4, 20236 min read
2023: Tailwinds amidst headwinds…
Greetings from Team Carnelian!!! We wish you and your family a Happy New Year! As we reflect upon the year that has gone by, like we had...
Dec 7, 20226 min read
This time it’s different
Greetings from Team Carnelian! “This time it’s different” are considered the most expensive words in our industry. These words can be...
Nov 2, 20226 min read
Three Peaks & Twin Engine will lead to 70,000
Greetings from Team Carnelian! Hope you had a wonderful festive season. A new Samvat is a good time to take stock of how things went by...
Oct 5, 20228 min read
Culture – The compounding machine
Wishing happy Dussehra to you and your family. We have written a lot on risk, returns, opportunities, outlook, and various frameworks… In...
Sep 12, 20227 min read
Predictably Irrational – Psychology of Investing
“The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological.” -...
Aug 8, 20228 min read
CLEAR vision avoids casualties…
“All I want to know is where I am going to die, so I’ll never go there” - Charlie Munger An investor generally relies on reported...
Jul 4, 20225 min read
Embrace volatility & build this Vintage
We started the year by writing to you that we expect this year to be volatile and a year of de rating (link). We are already witnessing...
Jun 7, 20225 min read
3 years of our journey so far…. then and now
We are happy to share with you that this month we completed 3 years of our journey and take this opportunity to thank, think/introspect...
May 6, 20223 min read
Sailing amidst uncertainties
Most of us are surprised lately with the movement of markets and the tug of war which is at play almost daily between Bulls and Bears....
Apr 7, 20227 min read
Manufacturing – All Stars Aligned
It is said that “when all the stars align, magic happens”. The probability of a successful outcome is far higher when stars are aligned....
Mar 7, 20223 min read
Structural tailwinds vs Cyclical headwinds
Greetings from Team Carnelian!!! Hope you and your near ones are doing well. ‘Identify and follow the trends in your industry. Don’t...
Feb 1, 20223 min read
A “Magic”al Delivery!
Greetings from Team Carnelian!! Hope you and your near ones are doing good. Good things + Continuity = Compounding The FM has delivered a...
Jan 6, 20226 min read
2022 to be the year of de-rating & modest earnings growth
Greetings from Team Carnelian!! Wishing you and your family a very happy and healthy 2022! The turn of the year is a good time for...
Dec 6, 20216 min read
FAD-FOMO-FADE
Greetings from Team Carnelian!!! “Fools act on imagination without knowledge; pedants act on knowledge without imagination” – Alfred...
Nov 3, 20215 min read
Speed bumps ahead: Focus on Risks and BRICs in Samvat 2078
Greetings from Team Carnelian! Wishing you and your family a Happy Diwali and Prosperous New Year. May this festival of light bring loads...
Oct 6, 202114 min read
Type A risk – one of the biggest wealth destroyers – a deep dive
Greetings from Team Carnelian! “Using volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital or...
Sep 6, 20217 min read
A life changing experience! - Power of internal compounding
We often talk about the compounding impact of wealth, allocation of capital, risk-reward metrics, business moats, investing...
Aug 4, 20216 min read
Next pot of Gold!
Time and again, we have been highlighting several structural opportunities and emerging trends through our newsletters (link). We well...
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