DSIJ Products

Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria. 

John Templeton 
Investor and Fund Manager 

The four most dangerous words in investing: ‘this time it’s different.’”
- Sir John Templeton 

These words point to the fact that the innate way in which stocks are evaluated does not change, while the era and technologies keep changing. So, the way in which DSIJ evaluates stocks has not changed, while the operational environment, government policies and macro-economic factors keep changing. 

There was a time when marketmen felt all valuations are sane as we are in upmarket cycle. There were online recommendations galore, saying “this time it's different" and they left no stone unturned to justify how rich valuations are best to invest in. DSIJ unflinchingly stuck to its stringent norms and filtering techniques while recommending stocks when valuations were peaking and showing no signs of letting up. This is the trust and responsibility we share with our readers and investors—to remain levelheaded and recommend stocks based on research rather than hearsay. Also, keeping ourselves above the factors of greed and fear, we have been able to provide recommendations through the ups and downs of the market. 

"In investing, what is comfortable is rarely profitable."
- Robert Arnott 

We went out of the comfort zone and launched the product 'Pearl Pick' in low liquidity stocks space, which most research houses will refrain from entering. We believe in quality stocks and we were sure that such opportunities exist in all types of stocks/groups. We wanted investors to be able to enter a stock with low float, which has strong fundamentals and would truly live up to being a pearl in their portfolio over the long term. 

But Pearl Pick is not the only one. Our 'Upstream Pick, which is based on contrarian philosophy where we try to dig up expected turnaround stories, was also one of its kind. This needs strong research capabilities and the readiness to assume responsibility for one’s recommendations. 

“Chase the story behind the stock, not the money on the table. Money will make you rich, but the story will make you wealthy.”
-Vijay Kedia 

The story of the stock that builds the plot and makes it a wealth creator is far more return-yielding than a mere financial and stock performance. Financial performance can yield short term returns, but a story behind the stock can lead to long term wealth creation. We put our best efforts in understanding the unfolding of global and macro- economic events juxtaposed against the company dynamics. This helps us to carve out the story-based recommendations for our differentiated product offerings as the story for each product and stock is different. 

Markets exist because of differences of opinion among investors. If securities could be valued precisely, there would be many fewer differences of opinion; market prices would fluctuate less frequently, and trading activity would diminish 

Seth Klarman