Could you explain this-- Which means, all else equal, you’d rather invest in a startup with “low multiple public comps” than high multiple ones. The exact opposite of what much of the investment industry does!
A great and reflected summary of investor behaviour - thx for sharing. It encourages us to do our own diligent and fundamental analysis without noise and herding behaviour. In return we could not only enjoy decent returns but also inner safety - the confidence that we can rely on our analysis.
Truly an underestimated piece of work .. just outstanding ..
Appreciate it Sourabh!
incredible read!
Thanks Jai!
This letter is a thoughtful reflection on how underestimating opportunities, people, and long-term trends shapes investing
Could you explain this-- Which means, all else equal, you’d rather invest in a startup with “low multiple public comps” than high multiple ones. The exact opposite of what much of the investment industry does!
A great and reflected summary of investor behaviour - thx for sharing. It encourages us to do our own diligent and fundamental analysis without noise and herding behaviour. In return we could not only enjoy decent returns but also inner safety - the confidence that we can rely on our analysis.
Really like how you put the investment concepts so simply. Appreciate the writing!