In Context

Levi’s IPO

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Levi’s, the makers of the ‘blue jean’, founded in 1853, recently filed for IPO. (the company was taken private around three decades ago). One doesn’t come across many old, history-rich, established companies  in the brands and consumer space filing a prospectus these days. Worth a look through. As I browse through the doc, my quick […]

In Context

Berkshire Annual Letter | Notes

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Berkshire Hathaway is in an interesting business. Of owning, investing, operating companies. One can look at it as a really large PE fund working with its own capital, an open-ended platform. And yet, compared to a PE fund, the range of investments can be so much better. There is no limit on check size (which […]

Links

The Notebook | Jan 2019

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News gets old quickly. And yearly wraps can go out of fashion even as January draws to close. But sharing two such links here – notes I read recently which respectively sum up 2018, and neatly list the major events to watch out for in 2019. Both together can be read as a reflection on […]

In Context

Research & Development spends

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I came across a chart today about R&D spends by different companies (the chart is from howmuch.net and is shared at the end of this post). That eventually led me to a data-set by PWC Consulting arm strategy&. They have been doing this analysis on R&D spend for a few years now. They have shared […]

Links

The Notebook | Dec 2018

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A few awesome things I came across this week. Worth sharing, and keeping. This article on two friends at Google. Loved it for many reasons, but mainly for the positive energy. In this world, where so many of the people are tied up in random jobs doing mindless stuff, good to hear about people solving […]

In Context

Dual-class shares

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On a personal note – Dissonance and Incongruence My education and formative work years have been in India. There, the capital markets are big, active, IPOs are popular although a difficult and complicated process, and the regulator is strong, with regulations ensuring protection of retail investors. India, however does not allow dual-class shares for listed […]

In Context

Defence

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Image source: chess.com

Personal Context: For this one, it is mainly my curiosity. Keen to get an objective understanding of the sector. My personal experience with this sector has been quite brief.  I happened to come across this sector while working in PE. I was evaluating an engineering company which was doing part of the work for a big […]

In Context

Global Market Cap

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Context: The idea of this post is to add more scale perspective on some of the numbers discussed in the post Online Advertising Companies. The companies analysed there have a total market cap of $1.65 trillion on July 31, 2018. (Facebook: ~$494 billion, Alphabet ~$848 billion, and Twitter is very small comparatively at ~$23 billion). […]

In Context

Online Advertising Companies

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Personal Context: The recent drop in Facebook market cap (July 2018) was the trigger to this further analysis. Add to that, a recent twitter discussion on S&P 500 stocks pie chart made me wonder about the contributions of the top few stocks. My personal investing experience has primarily been in the early -mid stage growth […]