EDGE Masterclass with Saurabh Mukherjea - A Checklist for the Modern Indian Investor | Q&A
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- čas přidán 30. 07. 2024
- In this Masterclass, Saurabh Mukherjea will discuss how one can follow an automated investment checklist which when applied regularly, can reduce the chances of making investment mistakes and in turn maximize the potential of wealth generation for investors. This Masterclass would help us in selecting undervalued stocks and overweighting them in the portfolio combined with regular rebalancing.
As Warren Buffet once said, “Investing is simple but not easy”. Most of us don’t spend time dwelling on our errors. But if we did, we could create checklists that would eliminate those errors. To adopt a checklist is to embrace humility and admit our own fallibility. So please join us in this Masterclass as we do exactly that!
Renowned journalist Govind Ethiraj will be hosting a Q&A with Saurabh Mukherjea after the Masterclass.
Key points we will be discussing:
- How to build a long-only portfolio with a Quantitative fundamentals approach based on good investing principles.
- Hold 35-45 stock portfolio diversified across large, mid and small-cap segments and factors (quality and value).
- The contribution from each portfolio construction steps to the back-tested performance.
- The advantages of the quantitative approach followed which allow us to analyse and rank over a large universe of companies and avoid common behavioural errors in investing like “availability bias”
- How to address cognitive biases and capitalize on the behavioral and analytical errors of other investors.
About EDGE Community:
EDGE is a constellation of leaders, creators & professionals from across different disciplines - committed to helping each other thrive. EDGE Memberships are based on recommendations only. The purpose is to create a gated community of highly trusted individuals who have a track-record of being intellectually curious, adventurous, warm, compassionate, and highly engaged individuals who can add value stemming from each-others domains.
About Saurabh Mukherjea:
Saurabh Mukherjea is the Founder and Chief Investment Officer of Marcellus Investment Managers. Saurabh was educated at the London School of Economics where he earned a BSc in Economics (with First Class Honours) and an MSc in Economics (with distinction in Macro & Microeconomics). Prior to setting up Marcellus, Saurabh was CEO at Ambit Capital and was working in the sell side in London at Clear Capital. He continues to be part of multiple SEBI working groups and writing various books such as Gurus of Chaos, The Unusual Billionaires, Coffee-Can investing, and more!
I've downloaded this video, whenever I think I have made some mistake while investing, then I watch it again nd again to know my mistake, and solve most of my mistakes ...
Every time I listen to Saurabh there is new learning. I don't own any of his stocks. But applying his framework to my portfolio really helps.
This is the most valuable info no one would usually share. One doesnt really need to care about what stocks one mention. But this framework is very powerful and safest way to invest. At the end everyone would have their personal interests. It is our responsibility to to that due diligence.
Whenever saurabh elaborate about a stock, it gives a instinct to sell that stock if it's there in our portfolio😂. Because whenever he talks repeatedly about a stock - It's an indication of him dumping it in nearby future 😅
Maybe LTTS is next
I do not follow all his recommendations but have picked following:
GMM pfaulder, Fine Organics, Titan.
Titan: I liked his view on formalization of economy.
GMM pfaulder: Monopoly, growing business.
Also value investing rule is always true for any stock.
Seems many didn't have patience to listen to this Gem. Gratitude:-)
It is not sad that those filters remain. The more dead bodies there are in the investing arena, the greater the profits for the survivors. Mr. Market is a harsh and ruthless taskmaster but I still love him.
I am closely following him. I am in the market since 1991, with 3 professional finance degree of first order. Seen a long way. Did all, including badla, derivative and so on.
I found him very mature, knowledgable, prudent. Just imagine the pressure of handling huge money of others and earning a % out of their profit. It's a difficult task indeed.
Though, I bought ITC@160, when he sold. I sold Dr.Lal when he added, I bought Paushak and Aavas Fin in prices less than his. I read his news letters, they are gold mines. Do not try to critisize him. I really reapect him irrespect of his age. You can take any decision, it's your choice like me, but without slightest doubt, he is a genious.😊
Hi, Don't you think Free cash flow is basically useless and it is the operating cash flow with working capital days adjusted is all that matters.
Very fantastic presentation.
Go Merciless about these crooks and rascals of the term I should not use!
Incredible knowledge backed by totally ethical approaches
Nice educational content
so informative, thank you Saurabh
if you found this informative, i feel sorry for u
Lol this j0ker once said ITC is going nowhere. Now, this joker is nowhere to be found. It tells you how these self-proclaimed experts need to be exposed more. Scammers all of them!
The same spoke about relaxo previously.
Can you give us an excel file with these factors?
Company data we will fit into it. _/\_
A fund manager makes more money managing funds than he does from owning stocks. There is a difference between a fund promoter and an investor.
And what about yourself?
If he doesn't diliver additional alpha to his clients then he won't be managing fund for long !
@@capitalallocator1609 Absolutely True.
@@nivkapadia5504 I invest. I don't manage other people's money.
Yes, they deserve to.
Hi Saurabh, Is RoCE sector dependent ? Say for IT the good RoCE is say 25 ~ 30%, where as for defense the good is 9 ~ 15%.
Yes. But market would only reward high EPS growth companies/
Can we get the slides used ?
Where are these discussions held. Open to everyone or to their investors only ?
Sir I have been a great follower of your esteemed company i had subscribed to be associated with your office in Bangalore and i wish now as per your rules can i know how to approach,i to invest please oblige
Actually this is quite detailed, need to watch couple of times.
Also I checked icicidirect and screener the FCF (net cash flow) for most of the industries is hardly single digit. For a yea it will be +ve and another it goes -ve.
Can you show via some popular sites where FCF is reported.....and also show the calculations you are explaining via actual figure downloaded from site.
You can calculate fcf by yourself. There are 2 types of free cash flow - free cash flow to equity (fcfe) and free cash flow to firm (fcff). Fcfe = net income + amortization+ depreciation - capital expenditure. Fcff = after tax operating income - capex
A Stock That Fell 90 percent First Fell 80 percent And Then Halved.
Which one stock he suggested?
Which Hyderabad based Pharma company is he mentioned that he says blow up?
We do have national Aggarbatti player i,e Cycle Aggarbatti
That's Great to outstand did he added a to his surname also ?
After 10 years..
He will be a billionaire with other people’s money & when 10x returns wont appear..
He already has his disclaimers in place…
Clients ko milke inko bolna chahiye…
10 saal baad… ek saath fees le lena… jo performance ho.. uske upar…
Fir dekho…
His business model requires him to raise capital and grow that money, and he makes money sharing his expertise in flagging good businesses. Your choice is to follow his free lessons or not. Neither are you going to stop his rise or prevent him from raising capital because that's what the industry of wealth management is about, whether Saurabh or someone else, rich investors want smart individuals to help them grow their money in the money markets.
M a Biggggg Fan of Sourav Sir🎉🎉🎉🎉🎉🎉
Everything looks great but ony till you dont invest, the day you invest loss is your friend and its proven with Mukherjea. New investors beware!!
Ramdeev of stock market?
It's funny how no fund manager, who we entrust with our lakhs or even crores do not ever show us their verified p&l.
37:09 price to fcf
Which is that Pharma company in South India that he is referring to?
Divis Laboratories
@@debabratamazumder7964 It's not Divis. He has always highly spoken about it. Also, on a global scale Divis is very respected company for it's clean accounting and business process.
@@tausifmulla is it Tarson
Natco or Biocon?
May be Dr Reddy
10 times appreciation in 10 yrs may be thing of past for cos like asian paints or any other co as growth is getting saturated after 20 yrs of growth in India,, only any disruption or breakthrough cos if come up may give such returns,, analysts are fooling retail investors by telling stories,, tech cos firing left right and who is going to spend for other sectors to drive them up,,,
Bhai sahab Naya kya layen hain
Relaxo
Ultramarine
ITC sell adv
Basant Maheshwari is 100 times better.
wo to king hai
@@vishalmehta2954 basant maheshwari bhi stock add kar nikalta bhi hai but diffrence is wo stock bata nahi hai
Saurabaji ko mai bahot mantata par ye bhi vahi hai sumbadi me kumadi logo ko bate dyan aur khud kare chupa vala kam relaxo sabko chipakaya khud profit book kiya aue sab stock sell ke bad logo ko bataya
How come all his PMS funds are underperforming? 🤣🤣. Yeh banda khud itni awaaz karta hai, aur kehta hai you should invest in those who are quiet 🤣🤣😄😄🤡🤡🤡🤡
See I agree his funds are underperforming in span of last 3 years. But you need to give any stocks portfolio at least 7 years and then compare. Stocks don't go up linearly. I had a stock from his consistent compounder been low for many years. I also lost trust and did not buy more whenever it fell I am such a stupid person, only good thing I did not sel. That stock did not rise for 2 years. Now stock is up so much. They gave bonus shares as well. I am up 150%. So moral is decide on a great stock, hold it, trust it and keep buying whenever it falls and let it rip for good number of years. U will not be disappointed.
Master story teller for sure!! Long term investor, not so sure!! I lost my faith in this guy for sure. Buy all high pe stocks saying pe does not matter and dump it
Excellent. Thanks for mentioning that. In the previous EDGE video, I never saw such kind of comments.
Exactly. He has been saying all along that don’t time market and it doesn’t matter at what price you buy if you have a long horizon. But now they say valuations matter.
Lol this j0ker once said ITC is going nowhere. Now, this joker is nowhere to be found. It tells you how these self-proclaimed experts need to be exposed more. Scammers all of them! Also, looted common public by pushing glass company.
Also, there is more money to be made selling books, than there is by buying and owning stocks for the long term. Which one do you think is a lucrative investment for a fund manager ? Writing a book or buying stocks ?
be the example, show us a new competition in the form of you, write books as well as launch your fund, if it is good it will be like Asian Paints ,if it can't create it's moat it will be like sherwin william operation in India ,we need more competition in fund management business also.. Btw found out you also have youtube channel and end of subscribing it, hope you will bring meaningful and revolutionary content for people like us...
Bo ho ho
I Respect your decision. Please give me some alternative to Saurabh Mukharjea(SM). Atleast he is telling what his approach is and as an investor I apply my mind and take the decission to invest or not? The other PMS guys never reveal their strategy or approach, then how can I trust them with my hard earned money of 50Lacs(PMS minimum is 50Lacs).SM is an open book, you can take your own decision and I respect that. As of now he is doing the walk the talk. Please show me his hiposcracy and I will pull my money.
We love u Saurabh but don't you think, wearing Chappal in seminar kind of bit too much..😂😂. Now you don't even have Relaxo in portfolio..😅😅
Love to see smart comments here. The retail investor in India is finally waking up to the fact that you cannot buy a stock that sells for a 100 PE. Eventually something will break. Eventually analysts will find a reason to exit. Analysts are very good at justifying what they do. There is a difference between a good orator and a good investor. Smart investors don't talk about their investments. Stupid investors promote their investments.
Please sir hndia
2 cronies in the nifty adani and ambani
Ambani isn't , he is here for so many years and trying to manage reliance efficiently byy managing debt levels. Adani isn't, just raising away debt like theres no tomorrow. Bad way of doing business.
@@sandipghosh9326 by paying himself a salary that is 10 times more than the next person in line , and yes taking out money in other ways , manipulating auditors etc
@@klintonunited lol he is giving jobs to almost 3 lakhs people . His jio revolutionized whole indian internet . Every billionaire use auditors to save money. What is wrong with u ppl?? Don’t u use tax savings methods ??
@@jayakishore2727 providing jobs has nothing to do with bring a crony capitalist
@@klintonunited crony capitalist has to do with using govt connection for your business advancements, anticompetitive practices - how come paying yourself extravagant salary and using legal loopholes to save taxes fall into this? And they may still be what you claim but points you raised are not related
Lal pathlab is another company he fooled investors. Problem he speak very well so one gets attracted to him but one sees through his game soon.
bhai mai khud khridne wala tha , jada ka nahi khrida bach gya
Saurabh is a good investor guide. However, if he can cut the hyperboles and the dramatism in hism presentations and state the facts as a matter-of-fact manner, he would be taken even more seriously. This has nothing to take anything away from his investment insights
That's passion. And he is already taken seriously by most.
chapal wale baba ki jai ho 😂😂😂😂
India is a lot different from USA, dont rub the perspectives. Heinz kind will never be possible in India given the taste buds of India from different tastes. Infact, frozen foods will never be successful, even it shall keep appearing in super markets.
this is basically a speech given by Right wing supporter and a ANDH bhakt..
One of the worst performing pms but still giving masterclasses.. Buy at any price(BAAP) is the surest way of making mediocre returns
Returns? First needs to protect capital. Returns are far away with this strategy
bro if you have long term view of 15 yeras , entry price doesnt matter much, but it is always good to buy at decent value,
@@GauravDewangan-tp2ef entry point always matter. Especially in long term.
@@GauravDewangan-tp2ef Easy to spout this nonsense investing other people's money
You'll see yourself after 15 years weather price matters or not 🤣🤣
Pidilite aur Asian paint khoon k ansu rulaega 5 saal, fir agle 10 saal me 12-13%
U can't buy Apple at the price of banana.
Haad hoti hai pagal banane ki
Speaks well but dramabaaz. Doesn't have much pulse of the stock market.
Copy paste Repeat … don’t blame him , the basics are simple, Business television is repetitive story making and story telling
Fraud
📌I will forever be indebted to you you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs. Rochelle Ashleys
Mrs Ashley is a prayer answered, I was at that point of giving up when i met her, she turned the tides around
You invest with Mrs Ashley too? Wow that woman has been a blessing to me and my family.
I’m new at this, how can I get in-touch her?
you can communicate with her through her telegam user name below
@InvestwithROCHELLE
When you sold relaxo.
That day I lost trust on you Mr. Sourav Mukharjee.
Sorry I was here to comment not to watch any of ur class.
Is he supposed to call and inform you before buying and selling stocks.
@@promethiumcatalyst he used to hold chappal in his classes to make people buy before he hits sell button.
How can someone be so cheap for making profits.
He explained the logic of exiting from Relaxo. Covid chipped away at the affordability and margins of Relaaxo chappals, the primarily reasons why he invested in the first place. You are supposed to apply your brain also, not blindly follow stock recommendations. Rather than the stock name, pay more attention to why he is justifying the stock.
@@DS-oo9nc agree bro.
These all are temporary reasons.
The footwear sector is very much impacted becoz of GST.
Not only relaxo you will find every single footwear stock is trading 52 weeks low.
he is a great teacher, he has taught me how businesses work and make money. Selling a stock out of other dozen stocks is OK. The churn ratio is very small. Nothing to crib about.
I think Free Cash Flow is not important at all. Warren buffet never looked at it. I think operating cash flow is important. Free cash flow can be anything depending on the dividend distribution of the company. Stupid analysis by a similar stupid guy.
Sourabh Mukherjea is really not that smart.