The Ideas That Shaped Our Thinking in 2025
Before we look ahead to 2026, we want to reflect on 2025, not by examining headlines, but by considering the ideas we explored and the questions investors frequently asked. Throughout the year, we wrote a lot about markets, smallcases, behaviour, and process. Here is a selected summary of the articles that best illustrate our ideas:
Surviving a Bear Market: Overcoming Emotional Biases and Stress – The biggest risk during market crashes isn’t the market itself. It’s our own behavior. This piece explains why fear and herd instincts often mislead investors.
Navigating Market Turbulence with ETF-Based smallcases – Sharp market declines are when portfolio construction is most important. This article explains how asset allocation, diversification, and simple ETF-based strategies can help investors remain strong during downturns.
smallcase Rebalancing: Your Complete FAQ Guide – Rebalancing is one of the most common topics investors ask us about. It is often one of the most misunderstood. This article answers the most frequent questions related to rebalancing. It explains how rebalancing works, what it affects, and why it is important.
How Asset Allocation smallcases Delivered Stability Amid Market Volatility – Pure equity investing is not suitable for everyone, especially in volatile markets. This article explains how asset allocation smallcases function, why they were created, and how they try to minimize losses while remaining invested through different market cycles.
Why Windmill Capital Does Not Release Company-Specific Reports – Stock changes often raise questions, especially when they seem surprising. This piece explains the difference between story-driven investing and rule-based model portfolios. It also discusses why our model smallcases emphasize strategy rather than stock narratives.
Understanding Returns: Why Strategy And Holding Period Matter More Than Stocks – We are often asked how to improve returns and when portfolios will show gains. This article shifts the focus from immediate results to strategy, discipline, and the importance of remaining invested.
India’s Defence Sector: A New Era of Self-Reliance – This article explains how policy support, rising defence spending, and exports are reshaping India’s defence manufacturing landscape.
Trump’s Tariffs Explained – This piece breaks down how renewed US tariffs affect trade balances, consumer prices, and global supply chains.
Why Low-Growth Stocks Trade at High Multiples – An analysis of valuation disconnects, explaining why certain stocks command premium valuations despite modest growth.
What Does AI in Investing Really Mean? – This article clarifies how AI is actually used in investing, separating real applications from hype and buzzwords.
Under the Hood of Mahindra’s 247% Surge – This article breaks down the drivers behind Mahindra’s massive share price rise and what it signals about the company’s fundamentals and market positioning.
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The content in these posts/articles is for informational and educational purposes only and should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy/sell any security or financial products.Users must make their own investment decisions based on their specific investment objective and financial position and using such independent advisors as they believe necessary.
Windmill Capital Team: Windmill Capital Private Limited is a SEBI registered research analyst (Regn. No. INH200007645) based in Bengaluru at No 51 Le Parc Richmonde, Richmond Road, Shanthala Nagar, Bangalore, Karnataka – 560025 creating Thematic & Quantamental curated stock/ETF portfolios. Data analysis is the heart and soul behind our portfolio construction & with 50+ offerings, we have something for everyone. CIN of the company is U74999KA2020PTC132398. For more information and disclosures, visit our disclosures page here.
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