About
This content is for informational purposes only and does not constitute financial advice. Always do your own research or consult a financial advisor before making investment decisions. I might own some or all of the stocks mentioned in this website.
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Background
Like many families in the United States, my journey began as an immigrant. Moving to the U.S. exposed me to opportunities that were unfamiliar in my home country (Nepal). During my teenage years, I earned some extra money from part-time work, and rather than spending it all, I decided to invest. That decision marked the beginning of my fascination with the stock market. It was partly because of $52 for 52 weeks deal for students by Barrons. Thank you Barrons.
Coming from a developing country, where liquid stock exchanges are rare and investing in equities is far less common, the concept of the stock market with high trade volume was new to me—and to most people around me. The idea of leveraging margin, in particular, was revolutionary for someone accustomed to a predominantly cash-based economy. Observing robust financial systems in the U.S. increased my curiosity about how markets function, especially in contrast to the limited options in developing countries.
Trading Style
The stock market has always held a special place in heart for me, particularly the stocks that operate under the radar—ignored industry, micro-cap, nano-cap, and international stocks that are driven by exceptional management teams with ambitious goals. These companies, often overlooked by mainstream headlines. These companies fuel my curiosity and provide opportunities to uncover hidden gems.
I began exploring the stock market during my teenage years, taking advantage of a discounted student subscription to Barron’s. Over time, my trading style has evolved significantly. Initially, my decisions were driven by surface-level appeal—buying stocks that “sounded nice”—but I quickly learned that this approach might lead me to homeless shelter.
I am not without flaw, this has led to some costly lessons (notably an ill-timed investment in First Republic Bank during the banking crisis). Today, my trading approach is much more structured. I focus on a long-only strategy, occasionally call options. My investments center on one industry (restaurants / fast food / quick-service) allowing me to deepen my understanding of its dynamics while avoiding the pitfalls of overconfidence. To manage risk effectively, I adhere to a set of self-imposed rules, including:
• Margin Limit: No more than 25% margin of my total portfolio value.
• Stock Concentration: No more than 20% of my portfolio allocated to any single stock.
• Market Cap Agnosticism: I do not limit myself to companies of a particular size.
• Country Agnosticism: I invest globally, seek opportunities worldwide.
• Simplicity: I strive to keep my approach straightforward, that i can explain to anyone.
These rules are not fixed; they adapt as I learn and as market conditions change.
Industry Focus
I focus on restaurant/ fast food / quick-service industry. I can talk for hours about why this is amazing industry to invest in and positive impact this industry on the society. In brief: This industry provides stable investment that keeps up with inflation no matter the market cycle and the positive impact it has on the society as a whole.
When considering which companies that fall under the restaurant industry, I focus more on their source of revenue than their listed category. There are multiple companies that generate a large portion of their revenue from prepared food sales but listed in different categories, I consider these companies to fall under the restaurant industry.
Investment Approach
Hands-On Review:
- I prefer to evaluate businesses from the perspective of the general public. By interacting with their products or services, I gain firsthand insights into how they conduct business. While my evaluations may resemble product reviews more than traditional stock analysis, I find this approach invaluable in assessing the company’s public perception and operational quality.
Travel:
- Being country-agnostic, I often travel to observe companies with a presence outside the U.S. My goal is not necessarily to meet with management but to evaluate the company from the perspective of its customers and the general public in different regions. My travels has taught me that there are things like buying decision that you can only understand when you have visit that location and lived like local.
Exchanges:
- I primarily invest in stocks listed on major exchanges, such as NASDAQ, NYSE, and TSE. While I am gradually expanding my portfolio to include other exchanges (such as LSE, TSX, NSE, ASX, KRX), the opportunities available on major exchanges remain plentiful, so I am in no rush. US and Japan are my two highest priority but at the same time I am looking into Saudi Stock Exchange and Taiwan.
Analysis
I categorize my analysis into three types:
Internal Analysis:
- Detailed and comprehensive, written for my own use. These analyses delve deep into a company’s financials, industry trends, and specific events impacting its performance. Over long run I plan to make this public.
Public Analysis:
- Concise and to the point, these are distilled versions of my internal analysis. It is designed to foster discussion and debate. Generally I am long or own options in the companies that are focus of this analysis.
News:
- Concise and to the point, most of the post I write are regarding recent events/news in the industry. This involves both private and public companies, as most of the companies in this industry are private and their action directly impacts public companies.
My primary objective in sharing public analysis is to start conversations and exchange ideas. I welcome feedback and alternative perspectives, even when they challenge my own conclusions.
Questions and Feedback
Although I have been studying the stock market for over a decade, I recognize that it takes years—if not decades—to fully evaluate the skill of an investor or analyst. While I strive to thoroughly research each company, I am far from infallible.
If you believe I am mistaken in my assessments or have suggestions for improvement, please do not hesitate to reach out. I genuinely value diverse perspectives and understand that none of us are correct all the time. Constructive dialogue is essential to growth, and I am always eager to learn from others.
I love hearing different perspective as none of us are right all the time.