I am investing in stock market for last 3 Decades. I come to the conclusion on what Sourabh says, sit on compounders. Those who are listening to him are lucky to listen him as I have to loose money in many Compnies in my first 20 years, but since 2008 I had concluded the same what he says but Generally I restrict myself to Nifty 100 stocks , and also incidentally have almost all Compnies, of nifty 100 he sometime mention.
Saurabh is bang on the money with his assessment. There is a lot of misconception and also deliberate misleading of general public by the certain MSM and Academia to meet their political goals. Thank you Pgurus for the awesome talk.
Pgurus has some of the best interview and this one is a gem!!! Saurabh really knows the business and has been generous in naming a few big names!!! Hope to see more with Saurabh!
Saurabh Mukherjea's knowledge is so simple and powerful - Thanks for bringing this to us. Waiting for second session on this, where you can talk more about the new themes he is focusing on.
Just do indexing as suggested as john bogle but in different style i.e weed out the low ROCE generators of Nifty 50 and seek for 25% + ones and you will be left with 15 to 20 companies in Nifty 50, invest in them for next 10yrs and you can beat the nifty minimum by 700 to 1000 bps in a decade.
Asian paint owner is follower of ''SWADHYAYA PARIWAR'(स्वाध्याय परिवार).30years ago one of my was sitting next to shri CHOKSI on a floor to listen 'PRAVACHAN'(प्रवचन) by Pandurang Shastri Athawale(पांडुरंगशास्त्री आठवले).
So far the Top video from Pgurus from finance perspective. Amazing how in simplest way guest explained it. Great that is one good example why India will flourish incoming days and years to come
Thank you so much for this insightful conversation. It was simple, lucid & very informative knowledge. Have always been a fan of Mr. Saurabh Mukherjea for the clarity & indepth knowledge & understanding he possesses. Kudos!!!!
Sriji, This was a fascinating discussion with Saurabh.I used to be an active investor.But these days I have stopped due to advancing age.But Saurab has rekindled my intetest. Thanks for getting him.Please do try and get him again.
Let me counter Saurabh by putting some numbers: (1) Saurabh claimed that Asian Plaints' PAT is consistently about 20% from last half century. Well, no. It is NOT. The Asian Paints consolidated PAT (in percentage of the Sales) from FY2012 till FY2021 are: 9.39, 9.21, 8.58, 8.63, 9.91, 10.18, 10.27, 9.78, 11.66, 12.49. The standalone PAT (in percentage) for the same period are: 10.51, 10.04, 9.61, 9.72, 10.84, 11.12, 11.38, 11.35, 13.33, 14.11. Where is 20%? (2) Asian Paints' consolidated Cash Flow (in Rupees) per share between FT2012-FY2021 are: 72.94, 123.73, 14.62, 12.38, 23.38, 15.92, 22.03, 25.75, 31.67, 38.40. The Free Cash Flow per share in the same period are: 19.32, 53.34, 11.46, 8.25, 14.86, 10.62, 9.45, 12.63, 28.78, 36.22. Cash Flow less Free Cash Flow is the investment that a company makes. Well, how many times the investment goes to 2/3rd? I chose Asian Paints to counter Saurabh because he has stressed on this company in this video. The figures for most other Indian giants (if not all) also deviate substantially from what Saurabh has portrayed in the video. Overall, I wish to say that, like other promotional videos, Saurabh has also tried to paint a way more rosy picture of the market than what the reality is, in order to squeeze NRI funds perhaps. So, be careful with your hard earned money. As an invester, please also pay attention to the fact that the Indian giants are well known to all Indians and, therefore, their P/E ratios are pushed up to extreme limits and makes practically no sense to buy their shares. But if you have anyway decided to buy them, you can do yourself - they are, after all, well known to all of us. I will end with a quote from Warren Buffett, that it is only Wall Street where those who travel in Charted Planes take advices of those who travel in public trains.
Mr. Saurabh , I think your data is not relevant. For Example :- Relaxo Net Profit Margin is 9% not 17% , Relaxo ROCE is less then 30%, cash flow and much more is not relevant !!!!!....( Feel free to check on any website like Moneycontrol )
Very interesting perspective, demolishing on the way more established economic & stock market theories & practices. Unless and until our products like Garware Tech Fibre, Alkyl Amines, Bajaj Auto etc., dominate in the global stage, western world would continue to look down on India.
Thanks a ton. Thank you. Please spread the good word about this channel, *Swapan Mukherjee* . Also, tell your family and friends to *Subscribe* and *Like* this channel.
The most important video of this decade. This is eye opening and truly excellent analysis. I don't know how many people understand the value of this information but this can make or break fortunes.
Does the India picture also apply to other developing countries in Africa, all previously colonized nations, plundered & looted and now clawing out of the resulting poverty? How will govt policy impact the growth opportunities?
In the dynamic free economy where 20% of the companies garnering all the wealth... as an Indian retail investor what would be our take on this interview
Marcellus has done well in difficult times as they focus’s on extremely sound companies mostly ( barring exceptions like Relaxo) like HDFC Bank, Nestle, Asian Paints etc. Let us see their performance over longer period of ups and downs.
@@hari-sankar Governance in such small family owned companies are always under question barring exceptions. I want to see whether Relaxo turns out to be an exception due to pressure of encomiums from Marcellus
As Saurabh said I couldn't care any less about what macroeconomics is its all nonsense what the rbi does what is the fiscal policy and all of that. To put simply a quote by John Maynard Keynes "In the long run we are all dead" sums it all.
Radhakrisha damani's take on why to invest in the best companies: Dharavi dharavi hota hai aur peddar road peddar road hota hai. (This was said by durgesh shah in one of the interviews of wizards of dalal street, better to clarify nahi toh koi chutiya aake bolega "RKD tere ghar pe aaya tha kya ye sab bolneko")
Thank you PGurus ji, watching after 6 days but much awaited topic at least to me.. although I don't like this guy Sourabh Mukherjee much.. he's very partial towards the stocks he owns and stocks he doesn't but his understanding in economics both micro and macro is excellent without a doubt.. anyway thanks PGurus once again.. just a virtual cookie from me as a token of thanks 🍪
Saurabh has copied everything from terry Smith. Fundsmith - UK Fund. But, he hasn't copied 100bps Fee structure. They come in media more time than doing research. In last one year they has lagged index by 24%.
Umm.. Suggest you lay off the joint. He's outperformed the market like crazy! Don't get fooled by ignoring March! Nifty tanked by 38% while his fund only cracked 12%
They own great companies. Problem is that you have copied everything and preach like this as if you are pope. They are taking over 200bps fee as compared to 100bps flat charged by Terry Smith. Take some time to see Fundsmith AGM. They are paying too much for these Companies. Let's assume they make 14%. CAGR and now take out their fee. Investor is left with nothing.
@@VikashYadav-tw8zi - They have a zero fee option. That being said, their fixed fee option is 2%, while all other PMS's are 2.5%. Why should he charge less. You can't compare a UK based fund, the metrics are very different. And yes, he's following that concept, what's wrong with it? The effort it takes to do that in an Indian concept is collosal. Don't be an arm chair warrior if you're not beating him over 5-10 years. Very easy to sit and bitch about the world. Extremely hard to do.
We most time keep thinking everything from local relative comparison. 100bps is good enough fee. Most people are enomoured by performance of marcellous, you also look at performance when he was at ambit. Along with that insider trading charges slapped by SEBI. Leaving that aside, humans are apes those love stories, for every example of back testing they take asian paints, but every stock they own is not asian paints. In march, they were saying they will rise much faster than index because they have quality companies. What happened, everyone know. They back tested it with GFC. Every economic condition and structure is different, back testing is just nonsense. When someone asked question about ITC, they said it was mistaken as consistent compounder but it was not. This makes consistent compounder story come clean and people strat believing that everything is rosy. But downside, that you make mistake while choosing them. Thier market gimmick, B for buffet and C for consistent compounders. They think that they are superior than buffet. Buffet has give 20% return over 70 Yr period. Small tiwcking or misrepresentation of fact tells lot about ethics, when you keep preaching about corporate governance.
I found saurab Mukherjee on TH-cam a yr ago and follow his talks on markets religiously...🙏
Same here bro
Same here,. For him only I get to know about garware , alkyl Amin and a lot of stock and now I'm in good profit😀
@@AbdulAziz-xr5xd arre bhai mujhe bhi toh batio kaunse stocks bole hai esne
Checkout the marcellus website..its all there
Excellent guest! Saurabh Mukherjee is among the most brilliant finance guys in India. Request you to bring him in more often.
I am investing in stock market for last 3 Decades. I come to the conclusion on what Sourabh says, sit on compounders. Those who are listening to him are lucky to listen him as I have to loose money in many Compnies in my first 20 years, but since 2008 I had concluded the same what he says but Generally I restrict myself to Nifty 100 stocks , and also incidentally have almost all Compnies, of nifty 100 he sometime mention.
3 intellectuals in a single frame. One of the best videos.Keep them coming sir.
Thanks, will do!
Indeed
Glad that Sree Ji listened to Mr Mohandas Pai and asked Saurabh to join . Always pleasure to listen to Saurabh so far his advises have worked for me
Saurabh is bang on the money with his assessment. There is a lot of misconception and also deliberate misleading of general public by the certain MSM and Academia to meet their political goals. Thank you Pgurus for the awesome talk.
I have become a fan of saurabh...he has made understanding investing very simple
Pgurus has some of the best interview and this one is a gem!!! Saurabh really knows the business and has been generous in naming a few big names!!!
Hope to see more with Saurabh!
This is absolute wisdom being shared here! Thank you.
Relaxo and Garware Technical Fibers, two stocks that can be looked at !
Saurabh is the best mind when it comes to stock market. His points can be understood by anyone.
This is GOLD.. or should I call it Lithium, in today's world..
Can't agree more. Absolute crypto :)
Saurabh explains things very well and always speaks about Asian paints
Saurabh Mukherjea's knowledge is so simple and powerful - Thanks for bringing this to us. Waiting for second session on this, where you can talk more about the new themes he is focusing on.
Very soon!
Asian Paints
Relaxo
Garware Technical Fibres
Wow !! what a thought-provoking discussion. Thank you Sree Iyer ji for making it happen.
My pleasure
Just do indexing as suggested as john bogle but in different style i.e weed out the low ROCE generators of Nifty 50 and seek for 25% + ones and you will be left with 15 to 20 companies in Nifty 50, invest in them for next 10yrs and you can beat the nifty minimum by 700 to 1000 bps in a decade.
Saurav, I love your passion on explaining monopolies. You are idea is never tiring even after listening your theory for the 100th time
Mee too.. I think I have heard every interaction on youtuve
The pure investing masterclass 🌟🔥 Saurabh Mukharjea is a legend 🔥
Genuine and intelligent, that is saurabh
I feel like keep hearing when Saurabh talks... Amazing speaker and motivator... Genius of Stock Market...
Thanks a ton
Bring him more often and host such discussion sessions more frequently. PGurus just gets better n better.
Asian paint owner is follower of ''SWADHYAYA PARIWAR'(स्वाध्याय परिवार).30years ago one of my was sitting next to shri CHOKSI on a floor
to listen 'PRAVACHAN'(प्रवचन) by Pandurang Shastri Athawale(पांडुरंगशास्त्री आठवले).
Very informative, mind-blowing & has changed my concepts about investing in the long term. Thank you. Saurabh Mukerjea was fabulous.
Glad you liked it
Saurabh teaches us so much.....thanks a lot for organizing this.
Worth the time spent! Look forward to part 2 and beyond
Excellent interview and well said truly by Saurabh Mukherjea. one of the great person in India saying this much truth.
This session was informative. Plz bring him again to share information
I do not know how some people can mark dislike in this conversation. May be they do not understand English language.
Enlightening discussion, excellent explanation, more such discussions would be great
So far the Top video from Pgurus from finance perspective. Amazing how in simplest way guest explained it. Great that is one good example why India will flourish incoming days and years to come
Thank you so much for this insightful conversation. It was simple, lucid & very informative knowledge. Have always been a fan of Mr. Saurabh Mukherjea for the clarity & indepth knowledge & understanding he possesses. Kudos!!!!
Sriji, This was a fascinating discussion with Saurabh.I used to be an active investor.But these days I have stopped due to advancing age.But Saurab has rekindled my intetest. Thanks for getting him.Please do try and get him again.
Wow! This is a different approach to markets and India. Thank you Sree for this interview
Glad you liked it!
wow Saurabh is everywhere these days! Smart move bringing him on @pgurus
Saurav....a man with sound logic along with conviction.....
Let me counter Saurabh by putting some numbers:
(1) Saurabh claimed that Asian Plaints' PAT is consistently about 20% from last half century. Well, no. It is NOT. The Asian Paints consolidated PAT (in percentage of the Sales) from FY2012 till FY2021 are: 9.39, 9.21, 8.58, 8.63, 9.91, 10.18, 10.27, 9.78, 11.66, 12.49. The standalone PAT (in percentage) for the same period are: 10.51, 10.04, 9.61, 9.72, 10.84, 11.12, 11.38, 11.35, 13.33, 14.11. Where is 20%?
(2) Asian Paints' consolidated Cash Flow (in Rupees) per share between FT2012-FY2021 are: 72.94, 123.73, 14.62, 12.38, 23.38, 15.92, 22.03, 25.75, 31.67, 38.40. The Free Cash Flow per share in the same period are: 19.32, 53.34, 11.46, 8.25, 14.86, 10.62, 9.45, 12.63, 28.78, 36.22. Cash Flow less Free Cash Flow is the investment that a company makes. Well, how many times the investment goes to 2/3rd?
I chose Asian Paints to counter Saurabh because he has stressed on this company in this video. The figures for most other Indian giants (if not all) also deviate substantially from what Saurabh has portrayed in the video. Overall, I wish to say that, like other promotional videos, Saurabh has also tried to paint a way more rosy picture of the market than what the reality is, in order to squeeze NRI funds perhaps. So, be careful with your hard earned money.
As an invester, please also pay attention to the fact that the Indian giants are well known to all Indians and, therefore, their P/E ratios are pushed up to extreme limits and makes practically no sense to buy their shares. But if you have anyway decided to buy them, you can do yourself - they are, after all, well known to all of us.
I will end with a quote from Warren Buffett, that it is only Wall Street where those who travel in Charted Planes take advices of those who travel in public trains.
I am fan of Saurabh for introducing the Coffee Can Investing
Amazing video.Saurabh is the monopolist in identifying monopolies of india to compund your wealth.Saurabh you are the best
Saurab Mukherje is atom bomb man.... salute you sir
Pure gold. Absolutely awesome.
Glad you enjoyed it
Unbelievable data & optimism. Thank you Shree for this. I have saved this clip👍
Most welcome 😊
This is gold !!!!
Thank you Saurab Mukherjee
Mind boggling, insightful, ingenious and what not! What a gem of discussion. I am utterly delighted. Thanks a ton.
Glad you enjoyed it!
Mr. Saurabh , I think your data is not relevant. For Example :- Relaxo Net Profit Margin is 9% not 17% , Relaxo ROCE is less then 30%, cash flow and much more is not relevant !!!!!....( Feel free to check on any website like Moneycontrol )
He spoke only about margins in flip flops and not about overall margin in different products like Sparx or Schoolmates etc.
for the last 5 years relaxo is able to generate ROCE of more than 25%, its sales were improving at more than 10%
@@venkatkrishna7943 correct
@@venkatkrishna7943 I know that bro.... I am also Relaxo share holder...
What a conversation !!! 👍👍
Relaxo stock looks convincing after this interview
pls interview Saurabh ji every fortnightly ,as so many of us look Frwd to his views on shares n stock market.
Very Informative content - Very productive
Very informative debate.
I would like to visit Saurabh M site as his analysis is logical.
Yes. As long as u can invest a minimum of 50 lakhs. If i had that money, i would invest with these guys for sure....
Such a wonderful talk!!
Legend starts speaking at 3:58
Exceptional Insights Please create platform Saurabh would like to learn more
Plzzzzzzzzzzzzzzzzz bring him again for stocks and economy growth discussions plzzzzzzzzzzzzzzzzz👍👍👍🙏🙏🙏🙏🙏🙏🙏😂😂😂😂🤣🤣
Good to see varied guests.... Good to see Pgurus growing
saurabh is amazing .bought ur books
What's your view now GOI is continously incresting Tax on Petrol???
Superb economic analysis
Please do more videos on economy specially on share markets
Great insights ..thanks for sharing knowledge SAURABH JI,,WONDERFUL COMPERING SRi ji,,
Interesting discussion. Educational.
It is fantastic. Nothing less.
Please do a Part 2!
Very interesting perspective, demolishing on the way more established economic & stock market theories & practices. Unless and until our products like Garware Tech Fibre, Alkyl Amines, Bajaj Auto etc., dominate in the global stage, western world would continue to look down on India.
Very nicely said Sourav
Thanks.May God bless you
Thanks a ton. Thank you. Please spread the good word about this channel, *Swapan Mukherjee* . Also, tell your family and friends to *Subscribe* and *Like* this channel.
Bring him more...he is exceptional
Thank You Sourabha and Sridharji
The most important video of this decade. This is eye opening and truly excellent analysis. I don't know how many people understand the value of this information but this can make or break fortunes.
Brilliant Saurabh
this is awesome must watch video
A lot of people must have rushed to into buy Relaxo after listening to big M.
As of now numbers don't command that,,over bloated pricing and forecast return on a few sites r negative for 1 yr ahead
check relaxo today 😁
Very nice discussion. Really quite informative and beneficial for investors to understand the pulse of indian stock market and then invest.
Glad you liked it
Thanking you PGURU
Brilliant analysis and a wake-up call .
absolutely brilliant discussion.
Innovative research done An eye opener. Saurabh. Keep it up.
Thanks a ton
Does the India picture also apply to other developing countries in Africa, all previously colonized nations, plundered & looted and now clawing out of the resulting poverty? How will govt policy impact the growth opportunities?
In the dynamic free economy where 20% of the companies garnering all the wealth... as an Indian retail investor what would be our take on this interview
What is Saurabh's Sharpe Ratio?
Genius.....proud of you Sir.
Marcellus has done well in difficult times as they focus’s on extremely sound companies mostly ( barring exceptions like Relaxo) like HDFC Bank, Nestle, Asian Paints etc. Let us see their performance over longer period of ups and downs.
Why is Relaxo an exception?
@@hari-sankar Governance in such small family owned companies are always under question barring exceptions. I want to see whether Relaxo turns out to be an exception due to pressure of encomiums from Marcellus
mind blowing
Anyone with links to his business he mentioned
such a brilliant analysis...
As Saurabh said I couldn't care any less about what macroeconomics is its all nonsense what the rbi does what is the fiscal policy and all of that. To put simply a quote by John Maynard Keynes "In the long run we are all dead" sums it all.
Wonderful and great
Brilliant talk.
Radhakrisha damani's take on why to invest in the best companies: Dharavi dharavi hota hai aur peddar road peddar road hota hai.
(This was said by durgesh shah in one of the interviews of wizards of dalal street, better to clarify nahi toh koi chutiya aake bolega "RKD tere ghar pe aaya tha kya ye sab bolneko")
Saurabh is amazing
Why Marcellus exit from marico?
Very well put.. 🙏🙏
Glad you think so!
Thank you PGurus ji, watching after 6 days but much awaited topic at least to me.. although I don't like this guy Sourabh Mukherjee much.. he's very partial towards the stocks he owns and stocks he doesn't but his understanding in economics both micro and macro is excellent without a doubt.. anyway thanks PGurus once again.. just a virtual cookie from me as a token of thanks 🍪
Saurabh has copied everything from terry Smith. Fundsmith - UK Fund.
But, he hasn't copied 100bps Fee structure.
They come in media more time than doing research.
In last one year they has lagged index by 24%.
🤣🤣🤣🤣
Umm.. Suggest you lay off the joint. He's outperformed the market like crazy! Don't get fooled by ignoring March! Nifty tanked by 38% while his fund only cracked 12%
They own great companies.
Problem is that you have copied everything and preach like this as if you are pope. They are taking over 200bps fee as compared to 100bps flat charged by Terry Smith. Take some time to see Fundsmith AGM.
They are paying too much for these Companies. Let's assume they make 14%. CAGR and now take out their fee. Investor is left with nothing.
@@VikashYadav-tw8zi - They have a zero fee option. That being said, their fixed fee option is 2%, while all other PMS's are 2.5%. Why should he charge less. You can't compare a UK based fund, the metrics are very different.
And yes, he's following that concept, what's wrong with it? The effort it takes to do that in an Indian concept is collosal. Don't be an arm chair warrior if you're not beating him over 5-10 years. Very easy to sit and bitch about the world. Extremely hard to do.
We most time keep thinking everything from local relative comparison. 100bps is good enough fee. Most people are enomoured by performance of marcellous, you also look at performance when he was at ambit.
Along with that insider trading charges slapped by SEBI.
Leaving that aside, humans are apes those love stories, for every example of back testing they take asian paints, but every stock they own is not asian paints.
In march, they were saying they will rise much faster than index because they have quality companies. What happened, everyone know. They back tested it with GFC.
Every economic condition and structure is different, back testing is just nonsense.
When someone asked question about ITC, they said it was mistaken as consistent compounder but it was not.
This makes consistent compounder story come clean and people strat believing that everything is rosy. But downside, that you make mistake while choosing them.
Thier market gimmick, B for buffet and C for consistent compounders. They think that they are superior than buffet. Buffet has give 20% return over 70 Yr period.
Small tiwcking or misrepresentation of fact tells lot about ethics, when you keep preaching about corporate governance.
Excellent content today!
Glad you think so!
Fascinating and eye opening
@31:14 , i also couldn't stop laughing
PURE GOLD
Good insight into the. Market
Glad you liked it!
100 percent GEM