Guidelines

The purpose of this blog is to together uncover great value investments. We do not know if we can duplicate any success of the past value investors but it sure is worth a genuine try. To keep things in order, here are a few guidelines.

• Any author can start a new post that plans to discuss a particular sector or a specific stock. Once the thread is started, other authors must keep their stock/sector specific comments to this thread. We must avoid having multiple posts on the same topic. This shall create a storyboard for each stock that we cover.
• Any author can start a new post on different topics pertaining to investing philosophy, discussion of a valuation or financial concept, and so on. Care must be taken to start such topics with a generic theme so that maximum participation can be captured.
• The philosophy about sector/stock view will be democratic. Each author is free to comment and critique the analysis published and help in all benefiting from a clearer picture.
• The blog in no sense would publicize a buy or sell recommendation. The spirit would be of discussion with the final decision to be arrived through a vote. We would maintain a "Value Monk Portfolio" and monitor its performance over time.
• The "Value Monk portfolio" will consist of all stocks/asset classes whose buy and sell decisions have been arrived at through a democratic majority. Each author is free to replicate the same or choose scrips based on his individual reasoning for their personal and real portfolios.
• The "Value Monk Portfolio" will have a cash component and hence a starting capital. I propose we start with a notional amount of INR 2000 mn. This is needed if we have to do any meaningful analysis since the value investor needs to decide on relative weights in different stocks/asset classes.
• Therefore, for a "Value Monk Portfolio" buy call will include the name of the stock, date of purchase, price paid, capital committed, the scrip replaced if needed and so on.

Let the journey begin!!!