Selecting the right fund manager or equity advisor

Learnings from Berkshire Hathway Annual Report 2017 on 'How to select fund manager'

Hope some of you had the time to read Berkshire Hathway 2017 Annual Report. It has a beautiful section in its printed page numbers 24-26 (PDF page numbers 26-28) on how Warren Buffett won a 10 year bet against one of the best fund of funds managers…


Portfolio size > 25 lakhs, how to select the right manager/advisor for your portfolio?

I have been a keen follower and student of the equity asset management industry and the way it has evolved and how investors have behaved and should behave in the future. I am laying down some points that I have learned and what I consider are…


Law of gravity in equity investment management - Size is inversely proportional to expected returns

Consistency of performance in equity investment management is as we all know, dependent on retention of great managers which is presumably higher in PMS/RIA/AIFs. I must add, however, that returns going forward are even more importantly dependent on…


2017 coming to an end - Thoughts on some media friendly outperforming managers of 2017

2017 is coming to an end. When I look at data for performance for some of the momemtum chasing media friendly fund managers (these guys are quite active on Twitter as well), I can’t help but comment because I somehow find too many gullible investors…


Most investors underperform the funds in which they invest which in turn underperform the benchmarks!!

In general, most investment vehicles (including mutual fund, private equity fund and hedge funds) around the world tend to underperform even the benchmark indices which possesses questions on active investing as such. Only a minority of investors…


PMS/Adviser/AIF Cat 3 vs Mutual Funds - Few important points to consider

PMS vs MF - Some points (Please note that by PMS I mean PMS as well as AIF and SEBI registered investment advisors here) Since PMS is lightly regulated, it is possible to create a portfolio highly different from benchmark and hence deliver an alpha…


How to assess the performance of a PMS/SEBI registered Adviser - Points to be absolutely sure of before investing

Part 1 - Why PMS/Advisory data is misleading so very often Since a lot of you might be looking at various PMS funds/advisory firms performance data, let me explain to you all what does the performance data signifies and hence why in many ways it is…