My guest for today is Raunak Onkar. Raunak is a Co-Fund Manager & the Research Head at PPFAS Mutual Fund. After a Bachelors in IT & an MBA in Finance, Raunak started his capital markets journey with PPFAS, over a decade ago. As an analyst he covers a variety of businesses & sectors and is a regular speaker at PPFAS' Monthly Financial Opportunities Forum series on Youtube (https://ppfasfof.com/).
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Show notes:
0:00 - Intro
1:29 - Raunak’s Journey with PPFAS
3:30 - PPFAS’s investing ideology
5:20 - Relevance of valuation and P/E multiple
10:04 - How can one build conviction in their investing strategy?
14:09 - Understanding “modern monopolies” and “moats”
18:25 - Navigating through the information overload
24:43 - Raunak’s views on behavioural investing and biases
31:30 - Why should one invest in global equities?
33:20 - How can a retail investor invest internationally?
34:30 - Learnings from analysing international equities
37:29 - Raunak’s outlook for Indian markets
40:44 - PPFAS’s notification on increasing exposure to smallcaps
41:38 - PPFAS’s risk management strategy
44:06 - The battle of Capex heavy v/s Platform businesses
46:40 - How does Raunak learn from literature and movies?
51:11 - How to journal your thoughts optimally?
52:46 - Reading books effectively and quickly
55:10 - An investing stereotype Raunak wants you to break
57:31 - Who does Raunak look up to?
59:45 - Raunak’s advice to his 20yr old self
References
Thinking fast & slow
On Life & work of Daniel Kahneman & Amos Tversky - Undoing Project
Gerd Gigerenzer's books
Good video presentation on key concepts of Gerd's work - CFA Institute Video
Film about honing our heuristic ability - Sully
Deep Work by Cal Newport
Calling Bullshit - the book
Calling Bullshit - the course (also available on Youtube)
Investment Checklist by Michael Shern - The Book
Mathew Walker - Why we sleep - The Book
