"Markets tend to throw out babies with the bathwater. Being aware and being patient gives you some great opportunities in what are considered 'lousy' businesses or industries."
@chriswmayer @Sanjay__Bakshi
#IndInvConf @CFASocietyIndia

"It is always different. Thinking different will give you an edge. If others see similarities, you should look for difference and vice versa."

@chriswmayer

#IndInvConf
@Sanjay__Bakshi @CFASocietyIndia

"One should keep a journal and put one's ideas with dates. It is a simple tool but helps me to tell myself that certain ideas are valid at a certain point in time, and not always."

@chriswmayer

#IndInvConf
@Sanjay__Bakshi @CFASocietyIndia

"Certain ideas like 'owner operators are good businesses' to invest may not be valid in all cultures and markets. Also, there are good investable businesses which have talented hired hands and should not be ignored."

@chriswmayer

#IndInvConf
@Sanjay__Bakshi @CFASocietyIndia

"I would not include the value of a brand and include that as part of capital in calculation of ROCE as the business has built that brand value over the years by working at it."

@chriswmayer

#IndInvConf
@Sanjay__Bakshi @CFASocietyIndia