Core Competence

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Many a times we come across businesses which seemed to have grown large doing seemingly unrelated activities but has been equally successful amongst them. Take for example the case of Titan Company Ltd. It has a meaningful presence in watches, jewellery and eye gear categories. When they started back in 1984 focus was on watches […]

Joys of Compounding

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“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” – Albert Einstein   Eighth wonder of the world! And this is coming from an exceptionally intelligent soul. So what made him say that? And why did he use the words ‘he who […]

Law of Small Numbers and Investing

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A random event, by definition, does not lend itself to explanation, but collection of random events do behave in highly regular fashion – Daniel Kahneman Currently, I’m reading one of the gem of a book ‘Thinking Fast & Slow’ by noble prize winner Daniel Kahneman which is basically, as one of my friend say, an […]