“Advertisers preferred the paper with the most circulation, and readers tended to want the paper with the most ads and news pages. This circularity led to a law of the…
Our Guiding Philosophy
We at Multi-Act, are staunch advocates of the Austrian Economic approach- with a free market and minimal state intervention- a complete contrast to the Keynesian School of Economics
Sensex Market Outlook 2019
We apply our GRAF framework to SENSEX Index to showcase how an Investor could objectively evaluate reward vs risk in the broader market and thus take a more informed asset allocation decision.
Explore our resource center to learn what our experts have to say about Moats, Quality of Earnings, Value Investing, Portfolio Management, Capital Preservation and risk-adjusted returns
Quarterly PMS Newsletters
Read our quarterly PMS newsletters to get insights into how we are thinking currently and to see our philosophy in action.
Listening to Numbers
A definitive guide to Quantitative strategies that work
Founded in 1997, Multi-Act is led by Prashant K Trivedi, 54, a CFA charter holder, who is also CIO of his family’s office. It employs over 50 people across 2 offices in Mumbai and Pune. The team comprises mainly CAs (the equivalent of CPAs in USA), statisticians and economists.
“I believe that the major problem hindering families from realizing their Financial Goals is the inherent clash between the structure of the financial services industry, the behavioural biases (of clients and agents), juxtaposed against the actions of Central Banks.”
NEWSLETTER / BLOG SUBSCRIPTION
Praxeology – The Multi-Act Equity Research Blog
Central Banks across the world have frequently used quantitative easing (QE) as a means to introduce greater liquidity into the economy. However, QE has raised the risk of moral hazard: investors will take greater risks, knowing that the potential costs will be borne, in whole or in part, by others. Moreover, QE has increased asset prices, which in turn has severely affected the ‘prospective return’ on all assets.Watch the Video Here
Sustainable Competitive Advantages: Network Effects
EBV Clusters and Their Usage – One Size Does Not Fit All
“Intrinsic value equals the present value of future free cash flow. Because the future is unknowable, you might think of intrinsic value as a range. Indeed, prices are often in…
Returns vs. Risk – The Unexpected Side
While evaluating performance, a lot of attention is given to returns while ignoring the risk taken to achieve the returns. Investors have limited control over the quantum of returns they…