Sir thanks for sharing the report. I wanted to understand what makes laurus anti fragile. What qualities of the management did you like. After going through the video I am unable to say what qualities make it tce grade
what makes laurus Anti fragile is the ability to take short term pain ( investing in high growth areas, expanding reactor capacity, taking depreciation hit at balance sheet, called bogus labs) for a brighter future. Investing where the puck is moving. I remember in nesr 2020-2021 people arguing over laurus is in API and formulation both however Divis is in just APIs so there could be possible conflict of interest with their own clients. Look at the company now fully transformed from what it was back then, No one is now even interested in the API, formulation division. Investing ahead of the curve.
The quality suddenly shifts maybe due to internet bandwidth and there's no way to switch back to higher clarity.. like in YouTube videos...so just asked for ppt attachment so that can consume quotes and slides multiple times
Thank you for the excellent view and very interesting to hear it again and again. Thinking and mapping your same thoughts is bits difficult for other industries for me and somehow well catching in pharma and chemical industries. Because of you Cdmo helping lot and how the motions and scaling up is game to play and stay invested in long term... I bought my 1st shares around 2019 and neuland 2020 and because of you I m not sold single shares yet in Lauras and 25% booked at 14k and converted to Laura's.. God always show me truthfull personal around me, you are the one in Share Market side such a truthfull sole god introduced me in 2021. from there my pharma and chemical area allocation & conviction growing. Thank you for the enabling direct connection to you through the substack subscription. Always stay as your original and such a soul is very less in the universe., provide us only what you love to teach a us .. Good night
I am thrilled to hear about your success. Best wishes for future.
"Always stay as your original and such a soul is very less in the universe..." - this is non-negotiable conduct for me; volatility is the nature of the best.
From giants like Divis to minnows like RPG Life and practically any serious wealth-creating stock across sectors, there have been instances of enormous uncertainty along the path; fragile things will always be wary of such volatility. That's universal.
Amazing session as always! Biocon case study was my fav part as Mgmt is 99%, that case study vs your Laurus meet summed up 99% my conviction! Rest 1% CDMO tandav ahaha!! Keheke Lenge bears ki!
Beautifully explained excellent management trust and their supportive of minority shareholders concepts by comparing Biocon management and other few good company who care small investors. Every time hearing is some great learning in mind levels & visualization.
Nice presentation and a great book recommendation “zero to one” looking forward to part 2. Also it is quite humbling to know how far we as a country have to go as I was doing some basic screens on screener. We only have 42 companies with an annual LTM profit of > $1Billion and the total profits of those 42 companies combined is ~$110B which is lower than LTM profits of each of these companies (Berkshire, apple , Microsoft and google). I hope in the next 20 years we have trillion dollar market cap companies coming out of India
Sir there is news that Funding for AIDS relief program to stop after foreign aid pause ordered. Is there any effect of the same on laurus as news is showing that it would affect laurus the most.
Laurus Labs part 2: I have lots of scenarios, numbers, ratios, asset turns, and margins to display and share this Sunday. I am not surprised how people missed 23% CDMO CAGR in Neuland between 2014 and 2022. What's not in the headlines is easy to miss, as social media is far too strong and attention span is far too low nowadays.
Thank you sir
Sir thanks for sharing the report. I wanted to understand what makes laurus anti fragile. What qualities of the management did you like. After going through the video I am unable to say what qualities make it tce grade
what makes laurus Anti fragile is the ability to take short term pain ( investing in high growth areas, expanding reactor capacity, taking depreciation hit at balance sheet, called bogus labs) for a brighter future. Investing where the puck is moving. I remember in nesr 2020-2021 people arguing over laurus is in API and formulation both however Divis is in just APIs so there could be possible conflict of interest with their own clients. Look at the company now fully transformed from what it was back then, No one is now even interested in the API, formulation division. Investing ahead of the curve.
Thank you Sajal sir for this excellent presentation. Eagerly waiting for the second part. You are the best. ❤️🙏
Sir Can we have the ppt? it is not clear in the video, hazy
Which slide/timestamp was not clear? I've tested previous presentations on both mobile and desktop and found no issues.
The quality suddenly shifts maybe due to internet bandwidth and there's no way to switch back to higher clarity.. like in YouTube videos...so just asked for ppt attachment so that can consume quotes and slides multiple times
Thank you for the excellent view and very interesting to hear it again and again. Thinking and mapping your same thoughts is bits difficult for other industries for me and somehow well catching in pharma and chemical industries. Because of you Cdmo helping lot and how the motions and scaling up is game to play and stay invested in long term... I bought my 1st shares around 2019 and neuland 2020 and because of you I m not sold single shares yet in Lauras and 25% booked at 14k and converted to Laura's.. God always show me truthfull personal around me, you are the one in Share Market side such a truthfull sole god introduced me in 2021. from there my pharma and chemical area allocation & conviction growing. Thank you for the enabling direct connection to you through the substack subscription. Always stay as your original and such a soul is very less in the universe., provide us only what you love to teach a us .. Good night
I am thrilled to hear about your success. Best wishes for future.
"Always stay as your original and such a soul is very less in the universe..." - this is non-negotiable conduct for me; volatility is the nature of the best.
From giants like Divis to minnows like RPG Life and practically any serious wealth-creating stock across sectors, there have been instances of enormous uncertainty along the path; fragile things will always be wary of such volatility. That's universal.
Amazing session as always! Biocon case study was my fav part as Mgmt is 99%, that case study vs your Laurus meet summed up 99% my conviction! Rest 1% CDMO tandav ahaha!! Keheke Lenge bears ki!
Wonderful presentation and blog. Thank you so much. Best wishes.
Beautifully explained excellent management trust and their supportive of minority shareholders concepts by comparing Biocon management and other few good company who care small investors. Every time hearing is some great learning in mind levels & visualization.
Nice presentation and a great book recommendation “zero to one” looking forward to part 2. Also it is quite humbling to know how far we as a country have to go as I was doing some basic screens on screener. We only have 42 companies with an annual LTM profit of > $1Billion and the total profits of those 42 companies combined is ~$110B which is lower than LTM profits of each of these companies (Berkshire, apple , Microsoft and google). I hope in the next 20 years we have trillion dollar market cap companies coming out of India
Sir there is news that Funding for AIDS relief program to stop after foreign aid pause ordered. Is there any effect of the same on laurus as news is showing that it would affect laurus the most.
Please go through recent Q3 concall. As per Dr Satya it will not have much impact. Sometime we need to avoid twitter noise.
WHO fund stoppage had no effect. But Trump has announced pausing funds to PEPFAR. PEPFAR is the fund that provides money for ARV drugs.
https://antifragilethinking.substack.com/p/q-and-a-think-noise-think-terminal
Looks like someone is trying to accumulate Laurus at lower levels. It's is hammered like there is no tomorrow.
Added some Laurus today at 515
Laurus Labs part 2: I have lots of scenarios, numbers, ratios, asset turns, and margins to display and share this Sunday. I am not surprised how people missed 23% CDMO CAGR in Neuland between 2014 and 2022. What's not in the headlines is easy to miss, as social media is far too strong and attention span is far too low nowadays.
Sajal Sir, would it be possible to release the second part by Saturday noon (IST time)?
Looks like it, as I am away on Sunday
Where Can I read about Intrinsic ROCE in the previous post?... Please suggest
especially love the "headless chicken" comment :)