About
A note from the researcher
I'm Shikhar Haldia, an independent investor studying how great businesses create long-term value. This site is where I document the questions, analysis, and ideas shaping my investment process.
I created this website to document my journey as an investor and to share independent equity research on publicly traded companies. Rather than focusing on short-term market movements, I study businesses from a long-term perspective: their financial performance, competitive advantages, industry dynamics, and valuation.
My research typically begins with understanding a company’s business model and industry. From there, I analyze financial statements, evaluate competitive positioning, review management’s strategy, assess potential risks, and develop an investment thesis based on the information available.
Competitive chess has strengthened my ability to recognize patterns, evaluate positions, and make decisions under pressure—skills that also apply to investment research. I also enjoy tutoring and helping other students learn, which has reinforced the importance of clear communication and continuous learning.
Why this site exists
This website is a record of my progress as I continue developing my knowledge of investing and financial analysis. Every report is an opportunity to sharpen my analytical thinking, improve my understanding of financial statements, and build a more disciplined investment process.
As I publish new research and refine my approach, I hope this collection reflects both my curiosity and my commitment to becoming a better investor.