Our focus remains on Growth at a Reasonable Price, ‘Quality’ stocks, Monopolies, Market Leaders in their respective domains, and domestically-focused sectors and stocks. Relative Underperformance Provides an Opportunity to Add Equity for the Long Term: On a YTD basis, the Indian market has underperformed the US market and other emerging markets by a notable margin. FTSE India is now trading at a PE premium of 49% to the EM index (PE), vs. an average premium of 44%. During Sep’24, the Indian market traded ...

Group 1 - The analyst has 5 years of experience managing a technology fund and has a background in Mechanical Engineering [1] - The focus of the analysis is on investment opportunities in the semiconductor sector, robotics, and energy [1] - The investment strategy emphasizes growth at a reasonable price with a mid- to long-term horizon [1] Group 2 - The analyst prefers investing in companies within oligopolistic sectors that have high barriers to entry [1] - There is a tendency to avoid smaller companies due to underestimated perceived risks [1] - The analyst has a beneficial long position in MRVL shares, indicating confidence in the company's prospects [1]

Group 1 - The analyst has 5 years of experience managing a technology fund and has a background in Mechanical Engineering [1] - The focus of the analysis is on investment opportunities in the semiconductor sector, robotics, and energy [1] - The investment strategy emphasizes growth at a reasonable price with a mid- to long-term horizon, targeting companies in oligopolistic sectors with high barriers to entry [1] Group 2 - The analyst has previously worked in the oil and gas sector before transitioning to global equities [1] - The analyst completed CFA Level II in 2024, indicating a commitment to professional development in investment management [1] - The analyst aims to provide small investors with valuable investment ideas through published articles [1]

Group 1 - The analyst has 5 years of experience managing a technology fund and is licensed by the Brazilian Securities Commission as a portfolio manager and investment consultant [1] - The analyst's educational background includes degrees in Mechanical Engineering from the Federal University of Rio de Janeiro and École Centrale de Lyon [1] - The analyst has a strong focus on the semiconductor sector, having studied global equities since 2017, particularly NVIDIA [1] Group 2 - The investment strategy emphasizes investing in companies within oligopolistic sectors that have high barriers to entry, while avoiding smaller companies due to underestimated risks [1] - The analyst is particularly interested in disruptive technologies in hardware-related fields, including semiconductors, robotics, and energy [1] - The investment approach prioritizes growth at a reasonable price with a mid- to long-term investment horizon [1]