First Water focuses on investing in companies that are publicly listed on Indian stock exchanges. The investment philosophy of the firm centres primarily on a long only strategy, with a value driven and concentrated portfolio approach. The focus is on intrinsic value maximization at a portfolio level rather than just market value of individual names. Our preferred investment time frame is around 5-7 years in order to allow our investment decisions to play out. Our focus is India, which is an economy that we believe has a long way to go.

As Founder and Chief Investment Adviser for First Water Capital, Ricky is a logic-based value investor with over 30 years of experience. His investment approach is fueled by His investment approach involves a combination of rigorous due diligence, an intuitive understanding of the correlation between global, industry, and company specific factors, and a macro perspective on the ever-changing landscape of the emerging markets. Prior to launching First Water Capital, Ricky was an independent business analyst and ran a private pool of capital generating alpha with a CAGR north of 30% over a timeline of over 15 years. Additionally, Ricky has seen commerce from an owners viewpoint with interests in various industrial businesses in Africa and as financial advisor to a number of CEOs. This has allowed him to obtain a broader viewpoint of the internal dynamics and conflicts of operating and managing a business.

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