Our Newsletters

Big Moves

Big Moves

Pondering the impact and opportunities created by the major shifts in currencies, oil prices and yields in 2014
India: An Insider’s View

India: An Insider’s View

Upbeat view on India’s ability to create value over the coming decade
What the US Macro Indicators Are Saying – “Growth Remains Anaemic”

What the US Macro Indicators Are Saying – “Growth Remains Anaemic”

Reiterating our medium-term macro thesis of low growth and low interest rates on which our portfolio construction process rests
Antipodal Challenges

Antipodal Challenges

Diametrically opposite interest rate challenges facing the central bank governors of the U.S. and India
Lessons From Long Term Returns On Indian Assets

Lessons From Long Term Returns On Indian Assets

Back-of-the-envelope analysis shows interesting observations on long term hard currency returns from relatively risky assets
Why Are Risk Free Rates Down?

Why Are Risk Free Rates Down?

Examining one of the conundrums of 2014 - falling risk free rates; our focus therefore remains on steady cash yielding
The “Hidden Hand” Supporting U.S. Markets – The U.S. Corporates

The “Hidden Hand” Supporting U.S. Markets – The U.S. Corporates

A cautious view on developed markets’ potential equity returns as we see corporate stock buyback support reducing
The China Property Scare – The Sky Is Falling? Not Really!

The China Property Scare – The Sky Is Falling? Not Really!

Examining data closely shows that the China property market is not as bad as the market thinks
The M&A Cycle – Problems Of Plenty

The M&A Cycle – Problems Of Plenty

Inorganic growth is a notable source of total expected returns from our equity portfolio
Review Of Our Macro Thesis

Review Of Our Macro Thesis

Reiterating our investment focus as we prepare to launch River Valley Core Compounding Fund: Strong cash generation with steady growth
Some Thoughts On The Latest Letter From Warren Buffet, The Sage Of Omaha

Some Thoughts On The Latest Letter From Warren Buffet, The Sage Of Omaha

Focussing on the essence of the investment process: we hope to have Buffet’s insight and discipline
Some Extremely Strong Consensus Views Make Us Wary

Some Extremely Strong Consensus Views Make Us Wary

One of our learnings: always be suspicious of extreme forms of consensus in the markets