Our Newsletters

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
When Will Corporates ‘Taper’ Their Share Buy Backs?

When Will Corporates ‘Taper’ Their Share Buy Backs?

Tapering buybacks would reduce misallocation of cash and move value to companies that depend on organic growth to deliver returns
Earningsless Market Recovery in the U.S. Opportunities Lie Elsewhere

Earningsless Market Recovery in the U.S. Opportunities Lie Elsewhere

We explain why our hunt for returns is focused more towards Asia and Europe
Opportunities In A Low Growth World

Opportunities In A Low Growth World

Growth will be where structural reforms gain traction: Watch EM
A Look At One Of Our Growth Stocks

A Look At One Of Our Growth Stocks

A close look at China Cord Blood, one of the growth stocks that form 10-20% of our portfolio