Value Investing

Shaleen Seth | Vice President Research & Analytics | Seers Group

What is Value Investing?

There are many nuances of a Career in Value Investing. Internet is brimming with pages on How to get into Value Investing, while one should first understand What is a Career in Value Investing. The internet is a great source of information on Value Investing, but it is second best to learning about the same from a real professional.

Vice President Research & Analytics Shaleen Seth is an experienced professional with 5 years & 6 months in Value Investing. Vice President Research & Analytics Shaleen Seth describes Value Investing as:

Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis.

How Vice President Research & Analytics Shaleen Seth got into Value Investing?

After my graduation, I joined my father's business of Value Investing and while working in Value Investing, I did International Business Organization and M Com from IGNOO University. After that, I Started a Portfolio Management Company with the name of Seers Fund Management and I am the Vice President Research & Analytics.

Vice President Research & Analytics Shaleen Seth's Talk on Value Investing

The Journey of a Value Investor: Shaleen Seth's Insights on Growing Wealth with Discernment In the world of finance, where trends can shift in the blink of an eye, value investing stands out as a deliberate and thoughtful strategy. Shaleen Seth, a seasoned value investor and vice president of research and analytics at CS Fund Management, shares his remarkable journey into this intricate field. From his academic background to his professional experiences, Shaleen’s insights shed light on the nuances of value investing, revealing the education, skills, positives, and challenges that define this rewarding career. This article will provide an in-depth look at the art and science of value investing, complemented by Shaleen's personal anecdotes. What Is Value Investing? Value investing is a strategic approach focused on identifying undervalued companies that possess strong long-term potential. Shaleen describes it as a process that entails thorough analysis of various businesses to ascertain their true worth, often buying shares when market sentiment is low. Rather than seeking quick profits through speculative trades, value investors like Shaleen look to hold their investments for extended periods—typically five to ten years—allowing time for the market to recognize the inherent value of these companies. This method demands not only a comprehensive understanding of economics and market dynamics but also a self-disciplined approach to investing. Education Accounting A solid foundation in accounting is crucial for anyone aspiring to become a successful value investor. Shaleen emphasizes that without understanding accounting principles, one cannot accurately interpret financial statements or assess a company's profitability. Mastery of accounting allows investors to dissect annual reports and recognize financial positions, which are essential for informed decision-making in investment ventures. Having this grounding ensures that value investors are prepared to sift through quantitative data to identify lucrative opportunities in the market. Economics Economics is another pillar of value investing that Shaleen highlights. He distinguishes between macroeconomics and microeconomics, conveying that macroeconomic trends significantly influence industry performance and investment viability. Understanding these broader economic indicators helps value investors predict future market movements and sector growth, ultimately shaping their investment strategies. In Shaleen's experience, being well-versed in the shifts occurring within economies—both domestically and internationally—is vital for making informed investment choices. Political Science & Psychology The ability to connect various dots across different fields—politics, economic behavior, and human psychology—is invaluable for a value investor. As Shaleen notes, understanding behavioral science aids in recognizing market sentiment and investor reactions, which can ultimately affect a company's valuation. This interdisciplinary approach allows value investors to anticipate the implications of political changes and societal trends on potential investments, making them more adept at navigating complex financial landscapes. Skills Conviction Conviction is arguably one of the most essential skills for a value investor. Shaleen articulates the necessity of holding steadfast to one's investment convictions, especially during turbulent market conditions. It is not uncommon for value investors to face skepticism about their strategies; however, strong conviction allows them to remain committed to their analysis and vision over the long term. Building this unwavering confidence comes through experience and learning from both successes and failures. Consistency Consistency plays a pivotal role in value investing, according to Shaleen. He points out that maintaining a steady approach—regardless of market fluctuations—enables investors to weather downturns and align their long-term strategy with their initial assessments. By consistently applying their investment principles, even when faced with contrary market signals, value investors can achieve better outcomes and remain true to their strategic vision. Patience Patience is a virtue that cannot be overstated in the realm of value investing. As Shaleen illustrates, substantial growth does not happen overnight. Investors must be prepared to wait several years for their choices to mature and yield results. Those who rush to exit their investments may miss out on significant returns as businesses recover and their stocks appreciate over time. Street Smart Being street smart is an unconventional yet vital skill for value investors. Shaleen explains that understanding the market landscape and recognizing emerging trends often requires one to be observant and engaged in the world around them. This experiential knowledge can spark new investment ideas that may not be immediately apparent from traditional data analysis. Recognizing opportunities from everyday observations can be a significant advantage in identifying undervalued businesses. Reading The ability to read widely—from newspapers to books—enhances a value investor’s understanding of the world and informs better decision-making. Shaleen emphasizes that by consuming varied content, investors can glean insights about market trends and individual companies that might lead to sound investments. This habit of regular reading helps maintain a well-rounded perspective and keeps investors alert to shifting economic landscapes. Analytical Skills Analytical skills are foundational for evaluating potential investments. According to Shaleen, this encompasses the ability to interpret financial documents, critique market analyses, and evaluate broader trends. Strong analytical capabilities allow value investors to sift through information, discern meaningful patterns, and make informed predictions about industry movements, thereby enhancing their investment decisions. Adaptability Adaptability to market changes is crucial for any investor, especially in the dynamic world of value investing. Shaleen underscores that being responsive to unforeseen challenges—such as market crashes or shifts in consumer behavior—is essential to achieving long-term investment success. A flexible approach allows value investors to pivot when certain strategies do not yield expected results, fostering resilience in the face of adversity. Positives Diverse Opportunity Value investing offers a unique avenue to explore a variety of business sectors simultaneously, as Shaleen points out. Unlike traditional entrepreneurship, where one must commit to a single enterprise, value investors can engage in multiple sectors and identify the most promising opportunities. This diversification allows them to invest across industries like technology, healthcare, and construction, maximizing potential growth while mitigating risks. Growth Shaleen views value investing as a significant catalyst for both personal and financial growth. With the potential for high compounded annual growth rates spanning multiple years, value investors can amass substantial wealth over time. As exemplified by influential figures like Warren Buffett, sustained investment in quality businesses can yield impressive returns, making this approach attractive for those seeking long-term financial success. Rewarding Profession The rewards of value investing extend beyond financial gains. Shaleen highlights that the career fosters continual learning and skills development, enhancing interpersonal capabilities and market knowledge. This dual benefit of monetary profit and personal development makes value investing an appealing profession for many aspiring financial strategists. Work Remotely One of the unique advantages of value investing is the ability to work from virtually anywhere. Shaleen emphasizes that as long as one has access to information and the internet, they can perform value investing duties from any location. This flexibility creates opportunities for those who prefer a more remote lifestyle, allowing them to blend work and personal interests seamlessly. Challenges Long Gestation Period Despite its allure, value investing comes with significant challenges. Shaleen explains that the process often requires an extended period—sometimes five to ten years—before seeing substantial returns. This long gestation period can test an investor's fortitude and patience, particularly when the market does not reflect the potential he or she perceives in their chosen investments. The reality of waiting long after initial investments are made can deter some from this approach. Time Taking Comprehending the full landscape of any investment takes considerable time and effort. Shaleen points out that thoroughly analyzing a single business can take up to a year and a half. This involves not only looking at micro and macroeconomic factors but also understanding the industry dynamics and competitive landscape. For those willing to invest the time, however, the rewards can be substantial. A Day Of Value Investing Shaleen describes his typical day as a value investor, which begins with a cycling commute to the office, promoting both health and a mindful start to the day. Once he arrives, he dedicates the first couple of hours to reading—consuming news and financial reports to stay updated on the market's latest developments. Following this, he engages in thorough research, diving into individual company financials and discussing insights with his team. His structured day often extends to about ten hours, balancing research with strategic deliberations while ensuring he stays ahead in a competitive field. Beyond the logistics, Shaleen's routine epitomizes the dedication required in value investing. His proactive approach to staying informed, coupled with collaborative discussions, illustrates the synergy of knowledge and teamwork that drives investment success. The journey of a value investor, as illustrated by Shaleen Seth, encapsulates the essence of patience, diligence, and foresight. Value investing is not merely about making financial gains; it is a thoughtful practice that requires continuous learning and adaptation. As individuals like Shaleen carve out their paths in this field, they not only contribute to their wealth but also to a deeper understanding of market dynamics that can benefit broader economies. In the end, value investing emphasizes the importance of discerning true value amidst a sea of noise—a principle that remains timeless and relevant in any economic climate.

Install the LifePage App to:

(for Free) Watch Vice President Research & Analytics Shaleen Seth’s full Value Investing Career Talk

₹ Do a Self Assessment on Value Investing to calculate your Dream Index, which is defined as:

According to Shaleen Seth your chances of success in Value Investing is __%

Access your personalized Dream Index Report which will have all your Dream Indices sorted in descending order.

How to get into

Value Investing?

If you are want to get into Value Investing, start by investing in a Career Plan.

The 14 hour process, guided by a LifePage Career Advisor, will help you introspect and check whether your interest in Value Investing is merely an infatuation or is it truly something you wish to do for the rest of your life.

Next, your Career Advisor will help you document how you can get into Value Investing, what education and skills you need to succeed in Value Investing, and what positives and challenges you will face in Value Investing.

Finally, you will get a Career Plan stating which Courses, Certifications, Trainings and other Items you need to do in the next 7 years to become world’s best in Value Investing.

LifePage Career Plan

14 hour personalized guidance program

Your LifePage Career Advisor facilitates your guided introspection so that you systematically explore various Career options to arrive at a well thought out Career choice.

Next: your Advisor helps you figure out how you will get into your chosen Career and how will you develop the skills needed for success in your Chosen Career.

LifePage Plan will not stop at saying "to become an Architect study Architecture". It will guide you on which Certifications, Trainings and Other items you need to do along with your Architecture education to become the world's best Architect.

Links for this Talk

Vice President Research & Analytics Shaleen Seth's LifePage:

[LifePage]
https://www.lifepage.in/page/shaleenseth

LifePage Career Talk on Value Investing

[Career]
https://www.lifepage.in/careers/value-investing

[Full Talk]
https://lifepage.app.link/20181013-0002

[Trailer]
https://www.youtube.com/watch?v=_aXRZFD9bHs

(Value Investing, Shaleen Seth, Seers Group, Vice President Research & Analytics, Investment, Finance, Business Development, Profit Making, Business, Accounting, Economics)

Similar Talks

Financial Management

Kapil Rawat
Financial Mgmt Associate | Citibank - New York, London, Dublin & Delhi

[ 1 year & 6 months Experience ]

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise.

"I did MBA from IESE Business School, Barcelona. After MBA I joined Citibank’s Financial Management Associate program in New York."

Financial Trading

Mar Michelle Häusler
Credit Flow Trader | JP Morgan, UBS

[ 6 years Experience ]

Financial Trading is buying and selling of financial instruments such as stocks, bonds, commodities, derivatives, and mutual funds.

"I am a graduate in Economics from University of Bath, UK. I worked for JP Morgan & UBS as a Financial Trader for a couple of years before taking freelancing work. Currently, I handle independent financial assignments for various clients."

Internal Audit

Harshit Gupta
Internal Auditor | Ernst & Young New Delhi

[ 3 years & 9 months Experience ]

Internal auditing is an Internal Operation where one assists the management in finding flaws, controls and ways to perform more efficiently. The word Audit means to check and therefore, Internal Auditing is the performing of that function of checking in an Organization.

"I am a Chartered Accountant. I did my schooling from St Josephs Academy, Dehradun. I then studied Commerce at and graduated from Delhi University. I completed studying Chartered Accountancy in 2013. I then, did a few internships. Thereafter, I started working at Ernst & Young at Delhi office as a Consultant in Internal Auditing."

Stock Broking

Peter Dixon
Stock Broker | Painter Smith & Amberg

[ 9 years Experience ]

Stockbroking is buying and selling of Financial Securities such as stocks shares and bonds through the stock market by a dealer (stockbroker) who acts as an agent on behalf of clients wishing to buy or sell securities.

"I did my graduation in finance from California State University, San Bernardino. I worked at a bank called Wells Fargo as a teller during my graduation.I moved on to become a stock broker at Wells Fargo after obtaining my License from the State of California. I also worked at Painter Smith & Amberg as a Stock Broker."

Asset Sales

Arjun Lal
Sales Manager | ICICI Bank, Goa

[ 8 years & 4 months Experience ]

Assets are related to loans and in asset sales, an individual is required to sell loans. The Loan Portfolio includes home loans, car loans, personal loans, credit cards, loans against property and gold loans. An asset manager needs to understand the customers asset requirements before offering them a particular loan.

"After completing my B Sc in Physical Education, I did my M B A from The National Institute of Management, Kolkata. I then got selected for ICICI Bank as an Asset Sales Manager and then persued my M A in Education from Azim Premji University."

Equity Research

Veena Krishna
Equity Research Analyst | Quest Securities

[ 4 years Experience ]

Equity Research primarily means analyzing company's financials, perform ratio analysis, forecast the financials (financial modeling) and explore scenarios with an objective of making BUY/SELL stock investment recommendation.

"I was born and brought up in Mumbai. After completing my education I started my career as a Equity Research Analyst in the company called Quest Securities. "

Financial Management

Mar Michelle Häusler
Team Co-ordinator | The Awaken Love movement

[ 3 years Experience ]

Financial management refers to the efficient and effective management of money in such a manner as to accomplish the objectives of the organization.

"I am a graduate in Economics from University of Bath, UK. I then worked at JP Morgan & UBS as Financial Trader for some time. I was dissatisfied with the system and the way things worked. I then embarked on to my spiritual journey and enrolled myself in Schumacher College, UK for MA in Economics for Transition where one learns from ecology, outdoors and economics in a holistic way. I work as a Team Co-ordinator at Awaken Love and also handle independent financial assignments for various clients."

Financial Marketing

Sahil Midha
Sales Manager | Kognitive Marketing, Canada

[ 2 years Experience ]

A financial market is a market in which people trade financial securities, commodities, and value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds, and commodities include precious metals or agricultural products.

"I have done B Tech and M Tech in Mechanical Engineering and then worked as an Assistant Engineer in Power Plant Industry for 4 years. I am working as a Sales Manager at Kognitive Marketing in Canada."

Treasury Management

Vibhash Joshi
Assistant Vice President | General Electric

[ 3 years Experience ]

Treasury Management is the process of administering to the financial assets and holdings of a business. The goal of most treasury management departments is to optimize their company's liquidity, make sound financial investments for the future with any excess cash, and reduce or enter into hedges against its financial risks.

"After completing an MBA degree in Finance from MDI, Gurgaon, I joined General Electric in the Treasury department. I am currently serving as Assistant Vice President for GE."

Internal Audit

Naman Jain
Analyst | KPMG

[ 3 years & 3 months Experience ]

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization to accomplish its objectives by systematic, disciplined approach to evaluate and improve the effectiveness of risk management and governance processes. Professionals called internal auditors are employed by organizations to perform the internal auditing activity.

"After doing my schooling from St Norbert School Indore, I did my BBA from Symbiosis Centre for Management Studies, Pune. After that, I worked as a Graphic Designer and Content writer with Cara Cafe and Green Apple Advertisement, Pune. I am working as an Analyst with KPMG taking care of the Internal Audits of the company."

Financial Planning

Saral Agarwal
Founder | Saral Enterprise

[ 5 years & 2 months Experience ]

Financial Planning is the process of estimating the capital required and determining its competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.

"After completing my certifications in Finance, I worked with Anand Rathi Securities as a relationship Manager for 1 year. In 2016, I started my own company with the name of Saral Enterprises where I work as an Independent Financial Advisor."

Investment Management

Anant Ramola
Director | Arthaprise Financial Advisors Pvt Ltd

[ 7 years & 8 months Experience ]

Investment management is the professional asset management of various securities (shares, bonds, and other securities) and other assets (e.g. real estate) in order to meet specified investment goals for the benefit of the investors. An Investment Manager ia an advisor to a client with one overriding goal: to substantially grow the client's portfolio. Investment Managers conduct interviews, research, and statistical analyses of companies, markets, and trends to determine what investments to make or avoid on behalf of their clients.

"After completing my MBA, I worked as a Relationship Manager at ING Vysya for 2.5 years. After that, I worked as Senior Manager at DBS Cholamandalam for a year. Then I worked as Assistant Vice President at Almondz Global for over 4 years. After that, I had a brief stint as a Chief Manager at Kotak Mahindra Bank for a year. Post that, I worked at Ameriprise Financial Services Private Limited as Assistant Vice President for 7 years. In 2018, I started my own venture called Arthaprise Financial Advisors and I am the Co-Founder and Director there."

Wealth Management

Achin Jain
Co-founder | Client Alley

[ 16 years Experience ]

Wealth management is a consultative process whereby the advisor gleans information about the client's wants and tailors a bespoke strategy utilizing appropriate financial products and services.

"I did BE Honours from College of Engineering Roorkee and MBA from Pune University. After my education, I started working with various banks and in 2014, I started my own Wealth Management Company with my friend in the name of Client Alley."

Wealth Management

Dhananjay Kumar
Director | Arthaprise Financial

[ 15 years & 2 months Experience ]

Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. It is a consultative process whereby the advisor gleans information about the client's wants and tailors a bespoke strategy utilizing appropriate financial products and services.

"After completing my graduation, I did wealth management certification from CIEL. I had worked for 15 years with various financial planning and wealth management companies such as Deutsche Bank, Aditya Birla Management etc. I have started my own company for the same in 2018 by the name of Arthaprise Financial."

Financial Control

Hang Mai
Management Controller | Servier

[ 5 years Experience ]

A financial controller is responsible for ensuring that all accounting allocations are appropriately made and documented. In smaller companies, the controller may also perform cash management functions and oversee accounts payable, accounts receivable, cash disbursements, payroll and bank reconciliation functions.

"I finished my schooling from Vietnam after which I went to frnace from where I did my Graduation in Biology and Masters in Business Management.I started my career with Ernst & Youngas Auditor. I worked with one more for 1 year as Counselor.Currently I am working SERVIER as a Financial Controller."