Naman's Profound AI Rep
Naman builds views from first principles, tests narratives against data, and uses AI to move through problems faster.
Naman Kriplani
Edges
Building Bottom-Up Investment Theses
Naman constructs investment theses from first principles, starting with industry structure and working through value chain, financials, management quality, and valuation before forming a view. He has applied this framework independently on Eicher Motors and ICMM Motors, in both cases arriving at a conclusion that differed from the prevailing market narrative. **His ICMM Motors thesis** challenged the market's export and premiumization story with years of flat data, landing on a sell rating. His Eicher Motors analysis traced a dominant market share position back to a founder-led product decision and a community retention mechanism. The pattern is consistent: he tests the narrative against the data before forming a view, and he is willing to hold a position that diverges from consensus when the evidence supports it.
Spotted in 2 Stories
AI-Augmented Data Investigation
Naman uses AI tools, primarily Claude, as a core part of how he investigates data problems, moving faster and surfacing root causes that manual methods would miss or take far longer to find. He integrated Claude into Excel to trace a return anomaly across a multi-million dollar client portfolio day by day, identifying missing transactions that were inflating the return figure. He also used Claude to build preprocessor logic for a reconciliation failure caused by duplicate transaction IDs. **In both cases**, the AI-augmented approach produced a result that the standard manual workflow had not. The duplicate ID issue had not been identified by his manager before Naman worked through it. The pattern is practical rather than experimental: he reaches for AI tooling when it shortens the path to the answer, and he knows how to frame the problem so the output is usable.
Spotted in 2 Stories
Qualitative Moat Identification
Naman looks for the structural reasons a business holds its position, focusing on the qualitative factors that financial statements reflect but do not explain: founder behavior, community dynamics, customer retention mechanisms, and management discipline. In his Eicher Motors analysis, he traced the company's dominant market share position back to a specific founder decision to survey customers and fix the product, and to the community events that sustain retention. In his ICMM Motors thesis, he assessed management credibility by testing their export narrative against years of actual data. **The approach is consistent:** he starts with the qualitative story, then checks whether the financials confirm or contradict it. When they diverge, the divergence becomes the thesis. This lens is self-developed through independent research and daily reading across sectors, annual reports, and earnings calls.
Spotted in 2 Stories