Day 21/100

Ever notice how we obsess over solar parks, data centers, and EVs, but completely ignore what connects them all?

Today, I published a new deep dive: “The Wire Behind Everything: A Deep Dive Into India's Cable Sector”

This ₹92,000 crore market is the literal nervous system of India’s modernization. But investing here isn’t simple. As many investors fall for a classic valuation trap, mistaking copper driven price inflation for actual volume growth.

In this piece, I break down: Why cables aren’t just “copper wrapped in plastic”. The crucial difference between Polycab’s retail moat and KEI’s B2B playbook. Why EBITDA per kg and ROCE are the metrics that actually matter.

If you want to know where the smart money has been quietly building positions, give it a read. The podcast version is also live on Spotify and YouTube!

Let me know your thoughts below! 👇

https://spicapitalresearch.substack.com/p/the-wire-behind-everything-a-deep?r=5uwf28

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Day 20/100

Ever feel like you're always late to the next big stock market rally? By the time a sector is all over the news, the smart money has already made its move three to six months prior.

Today I break down the market clock, a 6 stage cycle that drives predictable sector rotation. The biggest takeaway is that the stock market actually leads the economy by 6 to 9 months. To find the next multibagger, you have to position yourself when the headlines are terrifying and the sector feels completely uninvestable.

As Howard Marks points out, it's not about predicting the future but it's about knowing exactly where we are in the cycle right now. The uncomfortable truth is that being early often feels exactly like being wrong.

If you want to stop chasing yesterday's winners and learn to spot early signals, this is a must read.

https://open.substack.com/pub/spicapitalresearch/p/the-clock-that-most-investors-cant?r=5uwf28&utm_campaign=post&utm_medium=web

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#Investing#StockMarket#SectorRotation#Multibaggers#Finance

Day 19/100

Think you know Warren Buffett’s strategy? But I think most people walk away with the wrong lesson.

We’re told they are “value investors” who buy great businesses at fair prices. But the reality is far deeper. Buffett and Munger weren’t just investors but they were the 20th century’s most complete systems thinkers.

This deep dive explores the "Deceptive Architecture" behind Berkshire Hathaway:

• The Float: How $171B in interest free capital creates a structural arbitrage machine.

• Pricing Power: Why a "moat" is actually a dominant strategy Nash equilibrium that makes competition irrelevant.

• The Latticework: Using 80+ mental models from biology, physics, and psychology to map exploitable market weaknesses.

As Munger noted, "It’s not supposed to be easy". The real edge isn’t a spreadsheet but it’s the breadth of thinking. Stop looking only at P/E ratios and start viewing the market as a living economic organism.

Read the full breakdown here

https://spicapitalresearch.substack.com/p/buffett-and-munger-werent-value-investors?r=5uwf28

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#Investing #WarrenBuffett #CharlieMunger #SystemsThinking #Finance #MentalModels #ValueInvesting