Vicissitudes of a Banana Republic

From being the rising star…

…in the eyes of the world, …

… our country’s image has sunk…

…to being a banana republic again.

With banananomics ruling. It’s a pattern.

Stop.

That’s the nature of growth.

It’s hap-hazard.

We’ll have periods of stardom.

Punctuated mostly by bananadom.

Our modus operandi in times of bananadom is very clear.

We.

Get.

In.

During the short spurts of stardom, perhaps few and far between ones, like fast-moving comets with flaring and then vanishing tails, we shall expunge our non-performers and buy potential future-stars.

At times of stardom, we do feel like stars.

We boast.

X-Trillion economy. Nth-largest in the world. Moon mission. Mars mission. Satellite launching euphoria. Ignore all negatives. Sweep them under the rug. Remove all nay-sayers. Make them disappear permanently. Bull-doze their houses. Meanwhile our corruption reaches unprecedented levels.

That’s the nature of anything that is termed as ‘high growth’.

High growth comes at the cost of humanism.

Are we a humane country? Yes and no. Mostly no. Eyewash humane yes. Perhaps a tad more owing to private initiatives.

Are we even a democracy? On paper, yes. In practice, yes and no. Lots of times, no, there are nuances of dictatorship. Eyewash yes. Perhaps a tad more owing to private initiatives.

But we have one thing for sure.

It’s our own very parallel economy.

Our banananomy.

Along with what we’re calling high growth.

High growth?

Yes and no.

Mostly no.

Eyewash tomfooling international community yes.

Perhaps a tad more owing to private initiatives.

Signposts

Noise, …

… currently, …

… is deafening.

Posturing, …

… rebuttal, …

… a coup nearby, …

… printing, …

… and what have you, …

… have now become par for the course.

What are the signposts we follow, amidst this chaos?

First up, let’s not be afraid of chaos. Big returns are made exactly there.

We are going to follow high-growth, …

… and specifically, value offered in a high-growth market. Ya, we’ll never get away from margin of safety. It keeps coming back, in one form or another, whether one is investing, or even trading. We use it to get a little better value while entering, facilitated by Technicals. We understand that it’s in volatile times and markets that growth offers value, very temporarily.

Needless to say, basic Fundamentals need to be intact, on the path that we tread.

The governments, and managements we invest in need to show integrity, and develop trust.

We remind ourselves, that high growth is a non-linear entity, and thus we need to stay invested.

We achieve this by keeping our Cost-Free-Ness in the market, like, forever.

We toil to create more and more Cost-Free-Ness.

What this exactly is has been explained ad nauseam in this space, at many earlier instances.

Creation of Cost-Free-Ness means that our principal goes to work repeatedly. Its mini-units are like soldiers that go into battle, bring back winnings, and then they rest, to be deployed another day. If some deployed principal is losing, we wait for it to win. If losses mount, we always have the option to bail it out, or to switch its battle.

The beauty about Cost-Free-Ness is, that since it remains in the field, like, forever, there then is no cap on its upside, in a high-growth market.

Wishing you happy and lucrative wealth-creation!

🙂