Joys Of Compounding: The Passionate Pursuit of Lifelong Learning

by Gautam Baid

Opportunity to shoot rare, fast-moving elephants. That which is rare is considered valuable. In the past, I gained access through the stock market to Bharat Financial Inclusion’s low-cost leadership in India’s microfinance industry, Eicher Motors’s coveted Royal Enfield franchise, Can Fin Homes’s pristine asset quality, HEG’s strongly guarded proprietary technology in graphite electrodes, Bhansali Engineering Polymers’s leadership position in India’s acrylonitrile butadiene styrene (ABS) market, and CCL Products’s deeply entrenched relationships with coffee makers worldwide. Today, the stock market has given me, among other things, part ownership of Bajaj Finance’s, CreditAccess Grameen’s, SBI Cards’s, and Aavas Financier’s deep expertise in data analytics, rural microfinance, digital payments, and affordable housing finance, respectively; Suven Pharmaceuticals’s long-standing relationships with innovator companies in developed markets; PSP Projects’s robust project execution skills; HDFC Life’s product innovation capabilities; Laurus Labs’s strong process chemistry; NOCIL’s market leadership in India’s rubber chemicals industry; Dixon Technologies’s economies of scale in consumer electronics manufacturing; and Hester Biosciences’s global low-cost advantage in Peste des petits ruminants vaccines.