First Water

We wish you a very Happy Diwali. Diwali celebrates the triumph of light over darkness, symbolized by Lord Rama's victorious return to Ayodhya after 14 years of exile and the intense war against the demon king Ravana. The Ramayana imparts timeless lessons that also apply to investing: 𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 𝗙𝗼𝗰𝘂𝘀 Rama’s 14-year exile reflects the patience essential for meaningful returns in investing.    𝗗𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲 𝗮𝗻𝗱 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲 Rama’s steadfast values emphasize the importance of disciplined, steady investment choices, even during volatility. 𝗚𝗼𝗼𝗱 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀 Rama’s alliances remind us to choose reliable investment partners and companies driven by core values. 𝗦𝘁𝗮𝘆𝗶𝗻𝗴 𝗧𝗿𝘂𝗲 𝘁𝗼 𝗩𝗮𝗹𝘂𝗲𝘀 Rama’s ethical journey reinforces that lasting success stems from integrity and unwavering commitment to principles.

I’m #hiring. Do you have #fire in your #belly and a #desire to #learn? Do you want a front-row seat in arguably one of the most dedicated value funds in the world? We are looking for a dedicated craftsman, who will build the brand, relationships and continually look at ways of improving the approach. Character traits we are looking for are: integrity, persistence, robustness, wit, and innovation. To create alpha, you need to be different. And that is what we are looking for - someone who will think smart - be different. First Water #valueinvesting #indianequities #assetmanagement #fundraising #investorrelations #mumbai #india

Excited to have spoken at the PMS AIF WORLD - Alpha Investments conference in the beautiful city of Bangalore. Thanks Kamal Manocha for the opportunity

As we launch our mid-October edition, get ready for a deep dive into fresh insights and captivating stories from around the world. This time, we honor the legendary Ratan Tata, explore the richest countries by GDP, uncover the impact of AI on industry margins, and delve into the secrets of longevity in blue zones. We also cover the latest trends in startups, offering plenty of inspiration and valuable takeaways for you. And of course, we close with another fascinating chapter of 'Titans and Time'—a must-read! Whether you're passionate about wealth creation, startups, or global trends, this edition has something for everyone. Happy reading, and here's to a successful second half of October! Arun Chulani #Investing #WealthCreation #ValueInvesting #FirstWaterCapital #IndianEquities #AI #RatanTata #Startups #Longevity #BlueZones #RichestCountries #GDP #Tech #IndustryMargins #Global #Gold #FamilyOffices #RickyKirpalani #Nifty #Sensex #IndianEconomy #WarrenBuffett #CharlieMunger

We are actively #hiring! Know anyone who might be interested?

Winged Society at the The Dubai EDITION - bringing Family Offices together. We were delighted to host three wonderful sessions with: Emirates Boutros Boutros Nordstar Ole Ruch Anthony Yazbeck Leili Gerami Punctuated with afternoon tea and dinner at MASTI COCKTAILS & CUISINE

As per #BarclayHedge, with a dollar CAGR of 27.34% and 53.49% on a 3-year and 1-year rolling basis respectively, First Water Capital is listed as a top Indian Equity fund amongst global long-only equity funds and continues to rank highly in this category. #Investing #WealthCreation #ValueInvesting #FirstWaterCapital #RickyKirpalani #FamilyOffices #IndianEquities #Nifty #Sensex #IndianEconomy #WarrenBuffett #CharlieMunger

Ever felt that you could beat the market with just a bit more research or the right strategy? In his latest article for The #EconomicTimes, our Co-Founder, Arun Chulani, explores this common belief and dives into why so many in India think they can outsmart the market. It's an insightful read that breaks down the psychology behind investment decisions and sheds light on the realities of investing in today’s markets. A must-read for anyone who’s ever been caught in the trap of overconfidence. 🔗 Read the full article here - https://shorturl.at/C1muJ #Investing #IndianMarkets #MarketPsychology #InvestmentStrategy #BehavioralFinance #ValueInvesting #StockMarket #FinancialEducation #InvestmentOutlook #FirstWaterCapital #MarketInsights #InvestorMindset #RiskManagement #RickyKirpalani #WealthCreation #IndianEconomy #Nifty #Sensex #FamilyOffices #EmergingMarkets #EconomicTimes

In the year 1921, during the height of the Non-Cooperation Movement, India was a nation in turmoil. Mahatma Gandhi had called for a mass non-violent resistance against British rule, urging Indians to withdraw from British institutions, refuse British goods, and embrace self-reliance. Millions of people joined the movement, showing their defiance by giving up their titles, burning foreign clothes, and boycotting British courts and schools. Yet, Gandhi knew that true change required discipline, courage, and an unwavering commitment to non-violence. One evening, in the town of Chauri Chaura, an event occurred that tested Gandhi's principles to their core. A peaceful protest turned into a violent clash. Angered by police brutality, a group of protestors set fire to a police station, killing 22 officers trapped inside. News of this incident spread like wildfire, and many expected Gandhi to retaliate with even more fervor against the British. But instead, Gandhi did something unexpected: he called off the entire Non-Cooperation Movement. His decision stunned both his followers and critics. For many, it was a moment of shock and confusion. Hadn’t they come so far? Wasn’t this the time to push harder? Gandhi explained that the movement, which was rooted in Ahimsa (non-violence), had veered off course. To him, success without morality was meaningless. "I would rather have India remain unfree than have India win freedom at the cost of truth and non-violence," he declared. In that moment, Gandhi taught a profound lesson: the path to victory matters as much as the victory itself. This decision was a masterstroke in teaching restraint, patience, and the power of self-control. It demonstrated that integrity and principles should never be sacrificed for immediate gains, no matter how great the temptation. At First Water Capital, we find immense wisdom in Gandhi's actions. In investing, too, the road to success is paved with difficult choices. Just as Gandhi withdrew the movement to uphold its purity, we believe that true value investing is about making the right decisions, even if they seem counterintuitive in the short run. The commitment to our principles, especially in times of volatility and uncertainty, often becomes the foundation for long-term success. On this Gandhi Jayanti, let’s remember his unyielding resolve to pursue the right path, no matter how challenging it may be. Happy Gandhi Jayanti! #GandhiJayanti #NonCooperationMovement #PrincipledInvesting #FirstWaterCapital

Will the RBI Cut Interest Rates? In his recent interview with #Moneycontrol, our Co-Founder, Arun Chulani, shares why he thinks the #RBI might not signal a rate cut in October. With the economy growing steadily at 7-8%, there may not be a need to boost demand just yet. Arun also touches on key sectors like chemicals, auto, and private banks, explaining where he sees pockets of value and how First Water is navigating current market conditions. If you’re interested in a grounded perspective on where India’s economy might be headed, give this piece a read. 🔗 Read the full article here - https://shorturl.at/R1dbb #IndianEconomy #MarketOutlook #FirstWaterCapital #Investing #RBI #InterestRates #ValueInvesting #IndianMarkets #ChemicalSector #AutoSector #PrivateBanks #InvestmentStrategy #EconomicGrowth #MarketInsights #WealthManagement #PortfolioStrategy #FinanceNews #StockMarket #EmergingMarkets #InvestmentOutlook #Investing #WealthCreation #RickyKirpalani #FamilyOffices #IndianEquities #Nifty #Sensex #IndianEconomy #WarrenBuffett #CharlieMunger