Unlock: MakeMyTrip (MMYT) Boom! Here is Why We Love the Growth Story

It pays to do fundamental research. MMYT is one of our Top 10 Picks for 2016. Note below was sent to clients around Christmas 2015. We started buying around $20, adding occasionally on weaknesses in teens through out the year.

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MakeMyTrip (MMYT) – I am taking a leap of faith with this but that’s what investing is all about. Having a vision with strong opinion and executing on it. I tried long MMYT idea once a year ago and it didn’t pan out. But my long term “theme investing” has not changed.

Theme Investing – There are “pillars of growth” globally, i.e. forces of infrastructure build outs with sharply accelerating investments by venture capitalists. Understanding where the money is looking for opportunities can give you significant competitive advantage by positioning early, but it also comes with higher investment r