The Polycycle Investor

About this book

Author: Aaditya Gutgutia Publication: Amaryllis Pages: 202pages Format: Paperback This book teaches you how to time the market to impact long-term returns, for a bountiful investing cycle! It is an effort to marry the discipline of investing, economics and behavioural finance to the cycles in which businesses operate. The author has tried to mine his years of experience in investment Banking and investing to identify new frameworks that can be of help to both amateur and professional investors. It is also an effort to capture the history of Indian capital markets and economy through an investor lens. Most of the available literature around value investing has been us centric, and the value investing fraternity In India is now definitely in need of both – a new language and new tools – to move ahead in a world where neither information flow nor capital appear to be scarce. Clearly, some of the tools of old-fashioned value investing are becoming archaic and increasingly difficult to apply in today’s context. The polycycle investor offers an alternate school of thought on value investing, which looks to fill-in the gap, and helps elucidate the updated tools for this through examples from the Indian markets’ perspective. The book discusses both – capital allocation strategies and stock picking strategies – which are tried and tested by the author himself, and have the ability to significantly improve portfolio returns over decades of investing. While advocating long-term investing, this book also argues in favour of a nimble and more active approach towards portfolio rebalancing, capital allocation and sector allocation. About the Author As a keen student of business models, Aaditya Gutgutia likes to understand the strengths and challenges facing a business from a long-term perspective. In investment banking for sixteen years, he has been heading the regional investment banking franchise of two of the largest domestic investment banks in the country for over half a decade. He believes it a privilege only a select few have, to be able to learn the nuances of different businesses from the owners of the businesses themselves. This book captures some of his investing successes, the thought process behind the entry and exit into individual stocks and the markets in general. As a keen student of economics and of India’s capital market history, Aaditya has seen the stock exchange evolve from raucous bidding on the floor of the house to terminal-based trading, with strong regulatory controls and an ever-increasing depth of foreign and domestic institutional investors. He has been a stock market investor with a prolific track record and has churned multiple ten-baggers over the last decade and a half. He has also had his share of misses and has learnt valuable lessons from those mistakes.