FS Year In Review 2021: Investments, Family, Writing
And just like that, another year is almost over. I don’t remember too much about what happened at the beginning of the year without scrolling...
A DIY (Do-It-Yourself) Valuation of Zomato
Just over a week ago, I valued Zomato ahead of its market debut, and as with almost every valuation that I do on this forum,...
The Zomato IPO: A Bet on Big Markets and Platforms!
Zomato, an Indian online food-delivery company, was opened up to public market investors on July 14, 2021, and its market debut is being watched for...
The Indian Smartphone Revolution: Paytm’s Coming of Age IPO!
A few weeks ago, I valued Zomato, the Indian online food delivery company, just prior to its IPO, and argued that the excitement about its...
The ESG Movement: The “Goodness” Gravy Train Rolls On!
Last year, I wrote a post on ESG and explained why I was skeptical about the claims made by advocates about the benefits it would...
China’s Tech Crackdown: Its about Control, not Consumers or Competition!
For the last two decades, China has been the dominant story for both the global economy and capital markets, as the country's immense growth and...
Tesla’s Trillion Dollar Moment: A Valuation Revisit!
I have been writing about, and valuing, Tesla for most of its lifetime in public markets, and while it remains a company that draws strong...
The Billionaire Tax: The Worst Tax Idea Ever?
If you have been tracking the torturous workings of the infrastructure bills working their way through Congress, consideration is now being given to a "billionaire"...
Triggered Disclosures: Escaping the Disclosure Dilemma
In a post a few weeks ago, I argued that the disclosure process had lost its moorings, as corporate disclosures (annual filings, prospectuses for IPOs)...