Learning a language is completely outside the comfort zone. Makes you feel like a dork. Great way to get outside the zone of comfort
Saturday, June 30, 2012
Thursday, June 21, 2012
Outside your comfort zone
Everything you want in your life is waiting for you.
An inch outside your comfort zone and an inch inside your effort zone!
An inch outside your comfort zone and an inch inside your effort zone!
Saturday, June 16, 2012
Dr. V (Aravind Hospital)
Intelligence and capability are not enough. There must be the joy of doing something beautiful. --Dr. Govindappa Venkataswamy (Dr. V)
Friday, June 15, 2012
Why diversify?
Diversification helps you reduce risk. Dont put all your eggs in one basket. Invest in assets with negative correlation so over a long term your returns do not get affected. Etc etc. I think diversification is for the safe guys. You want to make it big, there is hunger to reach the sky sooner, then this belief cant work for you. It is a fallacy. Read. Research. Speak. Understand. And take a positional one way bet. You will make it on either one side. If your on the bright side, glory, hindsight, wisdom - all yours. If you land up on the not so bright side, atleast you failed in glory. He who takes the safe path shall never fully experience life. Or will they?
Saturday, June 9, 2012
Afterword from Making Breakthrough Innovation Happen
George Bernard Shaw had it right when he said that all progress depends on the unreasonable man. Orbit shifting, isnt about being unreasonable for the sake of being unreasonable. Nor it is about challenging things for the sake of challenging them. Without a clear purpose, nothing will work. The purpose is the compass. And the purpose comes from orbit shifting challenge - something that is both unreasonable and unambiguous.
Thursday, June 7, 2012
GSPL looks interesting
Gujarat State Petronet Ltd (GSPL), a GSPC group company, is a pioneer in developing energy transportation infrastructure and connecting natural gas supply basins and LNG terminals to growing markets. It is the only company in India to transmit natural gas for its clients without trading in it
As the world's second largest growing economy in the world, India's need for energy is huge. Overall macroeconomic conditions in the economy will set the demand for energy and the growth of energy demand. India has been enjoying higher growth rates since the early 1990s because of economic reforms. This growth will contribute to greater demand for energy. The robust growth outlook for the Indian economy and the resultant increase in the end - user consumption of the natural gas is expected to drive the natural gas market in the future. In this scenario, gas transmission business plays a momentous role linking the supply sources and the consumers both industrial and retail.
GSPL is the second largest gas transporter in the country, concentrating in Gujarat: India's most industrialized state. The current grid operations of GSPL account for 1,666 km in the state and another 1100km pipeline is underway. What makes GSPL a good bet is that it had made a bid for four interstate projects (Total length: 5724 Km) with which its network will get quadrupled and the financial are expected to have substantial growth. Meanwhile, GSPL's growth plans would be impacted if the company faces regulatory delays in authorization for installing new pipelines. Any delay in execution and construction of new pipelines would also impact the profitability of GSPL.
GSPL operates in an extensive gas transmission network in Gujarat and has ambitious expansion plans, both within and outside the State. Expected increase in transmission volumes, widening of geographic footprint, limited downside on transmission tariff from current levels, and a recent steep fall in the stock price make the stock look attractive. At the current market price of Rs66/share (June 8, 2012), GSPL is attractively valued at ~8x FY13E and 7.x FY14E earnings (numbers generalized after reading several sell side reports).
However, if the rally in Nifty, which in my opinion is a relief rally continues, markets will correct back to 4500 4600 levels by August 2012. Can look to accumulate at Rs.60/share. Price to book is at 1.47x now, and at 60 it would be 1.3x. ROE of 25%, DPS of Re.1 per share, Debt to equity of ~.8, operating cash flow making them ~7000 mn in FY12. At an EPS of ~Rs.9.3 FY 12, p/e will work out to 6.5 in an industry pe of 8.2 will make the stock look very attractive. Besides it is a relatively simple business to understand.
As the world's second largest growing economy in the world, India's need for energy is huge. Overall macroeconomic conditions in the economy will set the demand for energy and the growth of energy demand. India has been enjoying higher growth rates since the early 1990s because of economic reforms. This growth will contribute to greater demand for energy. The robust growth outlook for the Indian economy and the resultant increase in the end - user consumption of the natural gas is expected to drive the natural gas market in the future. In this scenario, gas transmission business plays a momentous role linking the supply sources and the consumers both industrial and retail.
GSPL is the second largest gas transporter in the country, concentrating in Gujarat: India's most industrialized state. The current grid operations of GSPL account for 1,666 km in the state and another 1100km pipeline is underway. What makes GSPL a good bet is that it had made a bid for four interstate projects (Total length: 5724 Km) with which its network will get quadrupled and the financial are expected to have substantial growth. Meanwhile, GSPL's growth plans would be impacted if the company faces regulatory delays in authorization for installing new pipelines. Any delay in execution and construction of new pipelines would also impact the profitability of GSPL.
GSPL operates in an extensive gas transmission network in Gujarat and has ambitious expansion plans, both within and outside the State. Expected increase in transmission volumes, widening of geographic footprint, limited downside on transmission tariff from current levels, and a recent steep fall in the stock price make the stock look attractive. At the current market price of Rs66/share (June 8, 2012), GSPL is attractively valued at ~8x FY13E and 7.x FY14E earnings (numbers generalized after reading several sell side reports).
However, if the rally in Nifty, which in my opinion is a relief rally continues, markets will correct back to 4500 4600 levels by August 2012. Can look to accumulate at Rs.60/share. Price to book is at 1.47x now, and at 60 it would be 1.3x. ROE of 25%, DPS of Re.1 per share, Debt to equity of ~.8, operating cash flow making them ~7000 mn in FY12. At an EPS of ~Rs.9.3 FY 12, p/e will work out to 6.5 in an industry pe of 8.2 will make the stock look very attractive. Besides it is a relatively simple business to understand.
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