Author

Rishi Gupta

Rishi is a Stanford University alumnus and former private equity professional with over 20 years of experience in the capital markets. He founded Shepherd’s Hill with the conviction that the investment principles of Benjamin Graham, Warren Buffett, and Charlie Munger could be successfully applied to the Indian market.

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Posts by Rishi Gupta

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Regulatory Updates

Approach Approaches With Caution

SEBI has recently revised its reporting format for Portfolio Management Services (PMS) to include more detailed information regarding manage...

Investment Philosophy

10 Years of Indian Equities Investing

Shepherd’s Hill has completed 10 years of investing in the Indian equity markets. It is a significant milestone for any investment organisat...

Investment Philosophy

Buffett on Volatility and Risk

Continuing from last week’s discussion about the difference between volatility and risk, here are comments made by Warren Buffett on this to...

Investment Philosophy

Volatility Is Not Risk

For the long-term value investor, volatility is not risk. This is a very important concept in the investment business. Many people, from ana...

Market News & updates

First Mention of Fed Taper

The US Federal Reserve just released the minutes of its April joint meeting with the FOMC (Federal Open Market Committee), in whic...

Market News & updates

Where Do Institutions Invest?

A recent report by Kotak Institutional Equities observes that almost 70% of the portfolio of mutual funds and more than 70% of por...

Investment Philosophy

Liquidity – Lower is Better

In our previous post, we talked about portfolio churn and how it can be a good indicator of the quality of an investor’s process and portfol...

Investment Philosophy

Portfolio Churn – Lower is Better

Portfolio churn can be calculated as the value of sells (or buys) in a given year divided by the average value of the portfolio during the y...

Market News & updates

Happy Birthday NIFTY

The National Stock Exchange (NSE) Fifty index, better known as the NIFTY 50, or just the NIFTY, is India’s primary stock market index. It wa...

Economic Policy

An Increase In LIC Claims Due to the Pandemic?

BloombergQuint has an interesting article out recently which cites a rise in Life Insurance Corporation’s (LIC) life insurance policy claims...

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