Compound Everyday Capital Management LLP

Happy to share our latest Letter to Investors, we discuss:
1. Learnings from winners of last 13 years.
2. Thinking in decades instead of quarters.
3. What if AI takes over investing?

cedcapital.in

Happy to share our latest letter to PMS investors, we discuss:
1. In an elevated market, falling less > rising more
2. Looking at batting average and equity IRR
3. Retail flows continue in riskier parts of markets
4. Handling investment advice in a bull market

Letter to Investors – Dec’24 – Extracts – Cedcapital Investment Process, Quarterly Update Letter to Investors – Dec’24 – Extracts January 8, 2025 No Comments   EXECUTIVE SUMMARY For the Dec’24 quarter, the BSE500 index reported a change of -7.8% including dividends. We reported -0.6%. Trailing twelve months’ earnings of underlying portfolio...

Happy to share our latest letter to PMS investors, we discuss:

1. Without bottlenecks, supply eventually meets demand
2. Addition of a new 5% position and exit from an existing position
3. Mania in SME IPOs and Thematic Mutual Funds,
4. Does equity culture slows down bank deposit growth?

Letter to Investors – Sep’24 – Extracts – Cedcapital Macroeconomics, Quarterly Update Letter to Investors – Sep’24 – Extracts October 11, 2024 No Comments   EXECUTIVE SUMMARY Trailing twelve months’ earnings of underlying portfolio companies grew by 8.7%. NAV grew by 18.0% YTD with 79% funds invested in equity positions. Balance 21% are parke...

Happy to share our latest letter to PMS investors, we discuss:
1. Secrets to better thinking, living and investing from Charlie Munger
2. Protecting our wicket
3. When to sell
4. Fearing the absence of fear
5. India’s inflation in last 150 years

Letter to Investors – Dec’23 – Extracts – Cedcapital Quarterly Update Letter to Investors – Dec’23 – Extracts January 8, 2024 No Comments   EXECUTIVE SUMMARY Trailing twelve months’ earnings of underlying portfolio companies grew by 59%. NAV grew by 28.1% YTD with 73% funds invested in equity positions. Balance 27% is parked in liquid funds. ...