Collected, Not Traded: How to Read the Classification of Financial Assets, the Business-Model Test and the SPPI Test in an Indian Annual Report

Donut chart of an invented company's financial assets by Ind AS 109 measurement category

Written by

Manish Goel, FCA

Indian Market Context, Premium

This essay is for Manish Goel Plus members.

Join to unlock all 398 premium essays — the complete NorthPath archive plus every new daily edition. €15/month or €150/year. The latest Letter is always free.

🔒 398 ESSAYS IN THE ARCHIVE — AND COUNTING

Subscribe to read →

Already a member? Sign in

←The Relative at the Table: Hamilton’s 1964 Rule for Helping Kin, the Family That Closed Ranks at Hermès, the Siblings Who Settled in 2025, and Why a Long-Term Equity Investor Asks How Thin the Kinship Has Become

The Glow in the Fee: Andreoni’s 1990 Warm-Glow Theory, Riedl and Smeets’s 2017 Evidence from Socially Responsible Fund Owners, and Why the Long-Term Equity Investor Must Itemise What a Value Costs Before He Forecasts What It Returns→

The Half-Life of Facts: Burton and Kebler’s 1960 Borrowed Metaphor, Poynard’s Forty-Five-Year Measurement of Clinical Truth, and Why the Long-Term Equity Investor Dates Every Input to a Thesis

9 November 2026
Hanlon’s Razor: Bloch’s 1980 Printing of an Older Warning, the Arithmetic of Intent and Error, and Why the Long-Term Equity Investor Writes the Tripwire Before the Surprise

8 November 2026
Occam’s Razor: Ockham’s Fourteenth-Century Rule of Parsimony, the Bayesian and Predictive Case for It, and Why the Long-Term Equity Investor Counts the Assumptions in a Thesis

7 November 2026
The Stockdale Paradox: Collins’s 2001 Name for Faith in the End and Honesty About the Present, and Why the Long-Term Equity Investor Needs Both Without a Date Attached

6 November 2026

NorthPath Advisory OÜ

Strategy and analysis of global businesses and capital markets. Strategy, not stock tips.

Registered office: Sepapaja tn 6, 15551 Tallinn, Estonia
Registry code: 17537081
Contact: info@northpathadvisory.eu

Sitemap

Home
The Letter
Membership
About
Services
In the Press
Contact

Important. NorthPath Advisory OÜ is not a MiFID II-authorised investment firm. All content on this site is journalism and education for a general audience. Nothing on this site constitutes investment advice or a recommendation in respect of any specific financial instrument, nor an offer or solicitation to buy or sell any security. Where individual securities are discussed, the author’s position is disclosed in the relevant essay in line with Regulation (EU) No 596/2014 (Market Abuse Regulation), Article 20. Readers should consult an authorised financial adviser regulated in their own jurisdiction before making any investment decision.

Privacy · Terms · Contact

Collected, Not Traded: How to Read the Classification of Financial Assets, the Business-Model Test and the SPPI Test in an Indian Annual Report

More posts

The Half-Life of Facts: Burton and Kebler’s 1960 Borrowed Metaphor, Poynard’s Forty-Five-Year Measurement of Clinical Truth, and Why the Long-Term Equity Investor Dates Every Input to a Thesis

Hanlon’s Razor: Bloch’s 1980 Printing of an Older Warning, the Arithmetic of Intent and Error, and Why the Long-Term Equity Investor Writes the Tripwire Before the Surprise

Occam’s Razor: Ockham’s Fourteenth-Century Rule of Parsimony, the Bayesian and Predictive Case for It, and Why the Long-Term Equity Investor Counts the Assumptions in a Thesis

The Stockdale Paradox: Collins’s 2001 Name for Faith in the End and Honesty About the Present, and Why the Long-Term Equity Investor Needs Both Without a Date Attached