FLAME INVESTMENT LAB

The Epicentre of Value Investing in India

Amay is co-lead Portfolio Manager for Asian equities in the Global Emerging Markets equity team, based in Singapore. He joined Morgan Stanley in 1997 and has 21 years of experience. Amay received a Bachelor of Commerce degree from University of Mumbai. He is an associate member of the Institute of Chartered Accountants of India and holds a Chartered Financial Analyst designation.


Interviews and Articles

Overcoming a hard-wired bias for loss aversion
https://www.livemint.com/Opinion/pTWoWaNd2HLKDJZ1lHjQtK/Overcoming-a-hardwired-bias-for-loss-aversion.html

Connecting the Dots:
Posts by Mr. Amay Hattangadi
http://capitalideasonline.com/wordpress/author/amayhattangadi/

Life beyond Warren Buffett
There are multiple paths to investing success and the critical thing is to find yours and then stick to it
http://www.livemint.com/Opinion/wwhCfl1XvU6gk6C5EJvSsK/Life-beyond-Warren-Buffett.html

What not to do when investing
Our preferred approach is to use macro dislocations to get in or out of stocks at price levels that we like
http://www.livemint.com/Opinion/abGidAu0LFZ5P46u1qS1VL/What-not-to-do-when-investing.html

The Invisible Hand of the Startup Economy
With disruptive business models, new generation e-commerce entrepreneurs are changing Indian society in multiple ways
http://www.openthemagazine.com/article/business/the-invisible-hand-of-the-startup-economy

The noise of confusing macro data
In the current environment invest based on evidence rather than hope.
http://www.livemint.com/Opinion/s7b1CE8st1mdvUEeS6yfSO/The-noise-of-confusing-macro-data.html

Navigating volatility in investing
One must not get caught up in predicting next moves of the index, but continue research of stocks on the radar.
http://www.livemint.com/Opinion/rXx0MHHuWfR6nPAFJTLCtN/Navigating-volatility-in-investing.html

The downside of passive investing
The lure of low fee in exchange-traded funds can make you penny wise and pound foolish.
http://www.livemint.com/Opinion/sTzeDSqKPyj6te7H2QjoaI/The-downside-of-passive-investing.html

Investing lessons from 2015
The investing style in 2016 should remain the same and one should look for growth inflections that seem durable
http://www.livemint.com/Opinion/NpKVkgFmw2Q4WSEUFNs9LI/Investing-lessons-from-2015.html

Value of writing in investing
Filtering out the signal from the noise is possibly the most difficult skill that an investor has to master
http://www.livemint.com/Opinion/Tq9ebZTZGpw1cIu6NqqHEP/Value-of-writing-in-investing.html

Buffett investing, Madoff returns
An investment philosophy that one understands is better than succumbing to the lure of illusory returns
http://www.livemint.com/Opinion/djvORXS37Qzw4YUqwajI0K/Buffett-investing-Madoff-returns.html

Giant sequoias in the stock market
Investing in mid-cap companies is more a matter of the right investing theme and not just the right company
http://www.livemint.com/Opinion/lHHgs7Z3gzkAAt1EgobQWP/Giant-sequoias-in-the-stock-market.html

Kickstarting capital expenditure
Cheaper oil and higher excise duties on fuels can be a potent source for re-igniting India’s investment cycle
http://www.livemint.com/Opinion/nmgfnOgvXmVeM0i07nIN3L/Kickstarting-capital-expenditure.html

Reflections on investing in 2014
What mattered eventually was the old-fashioned dictum of investing in stocks with better earnings expectations
http://www.livemint.com/Opinion/jck583ieP0oo093mlwXnuN/Reflections-on-investing-in-2014.html

Don’t write me off just yet
The popular opinion about the imminent demise of traditional products or business models is premature
http://www.livemint.com/Opinion/7uHj7w6lMSsOOgaviO7sHN/Dont-write-me-off-just-yet.html

Falling prey to the “Modi trade”
Investors have to be mindful of cognitive biases which are inherent to the way our brains process information
http://www.livemint.com/Opinion/dnRSz5pNuluSD1j5pywJhM/Falling-prey-to-the-Modi-trade.html

Predicting the next new thing in markets
Investing in stocks based on their ‘winning’ performance in a previous bull run makes for a poor choice
http://www.livemint.com/Opinion/NbdN5rjZZrBoogTKc0oH6H/Predicting-the-next-new-thing-in-the-markets.html

The value of doing nothing
Sitting around and doing nothing may be a better option than feeling compelled to place a trade in the market
http://www.livemint.com/Opinion/fC8RdUlT7In0dRF4OhiWHJ/The-value-of-doing-nothing.html

Discovering a multi-bagger
Every investor wants to look for a stock that beats the market hands down. That quest only leads to pitfalls
http://www.livemint.com/Opinion/ppL6YbQf2lMUIOuJPsTtHK/Discovering-a-multibagger.html

The lure of finding a median
Like psephologists, equity analysts are prone to herd behaviour.??Often,?numbers they generate don’t say much
http://www.livemint.com/Opinion/LI4RQemUeNwMKNxTs7X3TO/The-lure-of-finding-a-median.html

The turnaround checklist
In the current economic gloom, real skill lies in finding the prince without having to kiss a hundred frogs
http://www.livemint.com/Opinion/hkeJuJuJTFJzaJWUkKDJDO/The-turnaround-checklist.html

Beauty and the equities market
If the “beauty” (read value) of Indian stocks has gone up, the?beholders appreciating it have shuffled in recent years
http://www.livemint.com/Opinion/1xEMTBp6eJ9GMFR4aJeMaI/Beauty-and-the-equities-market.html


Presentations


Videos

Morgan Stanley Conference with Amay Hattangadi & Swanand Kelkar
Amay Hattangadi - Executive Director, Morgan Stanley Investment Management and Swanand Kelkar - Executive Director, Morgan Stanley Asset Management in an exclusive conversation with ET NOW as they speak about how are they mapping the market mood currently both global and local, and what would their investment approach be in the current scenario.

 

How Cognitive Biases impact our Asset Allocation approach
Mr. Amay Hattangadi - Executive Director & Portfolio Manager - Equity, Morgan Stanley Investment Management, explains how Mental Anchors & Hindsight Bias prevents investors from following a disciplined Asset Allocation approach.

 

Reports

Morgan Stanley - Investment Management
Connecting the Dots 2016
Morgan Stanley - Investment Management
Connecting the Dots 2015
Morgan Stanley - Investment Management
Connecting the Dots 2014
Morgan Stanley - Investment Management
Connecting the Dots 2013
Morgan Stanley - Investment Management
Connecting the Dots 2012