Ashish Kila of Perfect Group presented his in-depth investment thesis on Thomas Cook India (India: TC) at Best Ideas 2018.
Thomas Cook India offers an opportunity to “go back in time” and buy an investment vehicle like Berkshire Hathaway when it was still in its infancy, run by a competent investment manager like Prem Watsa who has grown book value at Fairfax by 19% annually over three decades. Ashish expects Watsa’s influence to benefit the rate of long-term compounding at Thomas Cook. As Richard Zeckhauser writes on investing in the unknown and unknowable, when an opportunity to do “side car” investing presents itself, one should not miss it. Ashish also quotes Munger: “To find wonderful businesses, one needs to find them small and get them when they’re little.”
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About the instructor:
Ashish Kila is a rank holder CA and MBA from MDI Gurgaon. He has worked with leading investment banks like Goldman Sachs & Morgan Stanley in their equity research division and now is the CIO of the group’s investment management division . Ashish regularly speaks at various business schools like MDI Gurgaon & investor forums like October Quest, IIF, NIRC (ICAI), Flame Investment Lab-Alumni Meets, Perfect Research.
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