All letters written by Gorav Khanna, Managing Partner. Subscribe at gorav.substack.com to receive new letters directly.
CHP compounds at 18% annually since 2019. $328 today on every $100 invested. Free trade, inflation, and why scarce assets with pricing power are the best defense in 2026.
Applying Buffett’s Great Business framework to Veda’s India holdings. NSE from 660 to 2,000 INR. New 2026 special situation with 2–3× projected return in Year 1.
Foreign investor positioning at all-time lows. Sensex in gold ounces cheapest since November 2020. Morgan Stanley India’s head says: “Those waiting for India, now is the time.”