A Long-Term Wealth Creation PMS
Create long term wealth with a concentrated low-churn portfolio
Introduction
CWC’s goal is long-term wealth creation by owning a low churn (mid teen annualized churn), concentrated portfolio (usually less than 15 companies with top 5 holdings ~50% of portfolio) of publicly listed Indian businesses.
Investment Philosophy
Details
Great businesses (scalable, profitable and durable)
Details
Good management (good capital allocators, honest and adaptable managers)
Details
Reasonable valuations
Our belief
We believe the rules of the games are changing and both companies and investors need to adapt and embrace the change in this new world...
The rules of the games are changing…
| Mass customisation at scale | |
| From scarce to abundant capital | |
| From informational edge to information ubiquity and increased awareness | |
| From employing people to partnering and empowering talent |
…CWC is embracing these changes and incorporating them in our framework
| Focus on customer centricity, as a stepping stone to mass customisation | |
| Culture versus moat | |
| Team versus TAM | |
| Valuations - opportunity cost will become more important than absolute valuation |
