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Zeal to Read

Weekly Newsletter

Zeal to Read

Weekly Newsletter | by 2 | on 2021-02-21 03:00

At Zebu we spend a lot of time reading news and articles that cover a wide range of topics, including investment analysis, psychology, technology, etc. We have been sharing our favourite reads with clients under our weekly ‘ Zeal to read ’.

“Good investments are not pushed, promoted, or sold. We need to uncover them on our own and only after due diligence (careful analysis) buy them.”
― Milan Somborac, Monday Morning Millionaire: How to Beat Wall Street at Its Own Game

News you may use

5G is a $30-billion Gold Mine for Indian IT Services Providers – After cloud play, the tech sector is gearing up to provide network modernisation, IoT in new band

Cabinet approves over Rs 12,000-cr PLI scheme for telecom sector: Prasad

CDSL crosses 3-crore demat account mark

Centre Clears Twenty Food Processing Projects Worth Rs 363.4 Cr

Constitutional challenges to a complete cryptocurrency ban in India: The need then is to regulate, not ban, experts say

Draft liquefied natural gas policy aims to run more trucks on LNG

Foodgrains Production Likely to Touch Record High of Over 297 MT in 2020-21

FPIs pump in $35.37 billion so far this fiscal; financials, IT preferred stocks

Gold falls to 8-mth low of sub-₹46k on rising $ – Asset Classes Take A Hit Even As Revival Fuels Transportation Demand

Government unveils a draft blue economy policy. Holistic approach needed to harness marine resources for national growth: Government

Govt clears signing of India-Mauritius free trade pact; over 300 domestic items to get concessional market access

Growth stimulating investments with clear road map on fiscal consolidation crucial now: Dr Rangarajan

India Inc Shows Stronger Profit Growth in Dec Qtr – Net profit of a sample of 3,087 cos jumped 68.7%, the best in 9 quarters

India to be among fastest growing emerging economies in FY22, rating hinges on deficit, debt

India to be Among Fastest Growing in ’21: S&P -But rating co warns new variants of Covid-19 virus could lead to much larger second wave and pose risk to economic recovery

India’s high priority for now should be to grow at 7-8 pc: Former RBI governor Bimal Jalan

Inflation is a key risk to India’s V-shaped economic recovery

In the Year of the Pandemic, Ecomm Grew at its Fastest – Industry trackers expect the trend, which began with the Covid lockdown, to continue in future as consumers get used to buying online

Investors Bet Big on Cyclicals as Economic Recovery Gathers Pace

NBFC stressed assets may hit Rs 1.5-1.8 lakh crore by fiscal-end, says Crisil

New SIP Accounts at Record High in Jan Amid Outflows from MFs – At 16.4 lakh, the rise is driven by equity rally and drop in FD rates

Non-food credit growth slips below 6%: RBI data

Oxford Economics ups India growth forecast to 10.2 pc for 2021


Sebi Eases Min Public Offer Norms, Clears Path for LIC, Other Big IPOs

Term cover costs set to go up as reinsurers hike life rates – Move Comes As Insurers Face More Claims Due To Covid

Views may be of use
Will Inflation Make a Comeback?
In recent months, commodity prices, international transport costs, stocks, and Bitcoin have all risen sharply, and the US dollar has depreciated significantly. These could be harbingers of rising consumer prices in the dollar area. With inflation rates highly correlated internationally, higher inflation in the dollar area would accelerate price growth worldwide.
Source: (https://www.project-syndicate.org/commentary/why-covid19-pandemic-could-lead-to-higher-inflation-by-axel-weber-1-2021-02) 

How Disney+ Became a Streaming Heavyweight
The launch of Disney+ has brought a bit of magic to a company whose stock had taken a nosedive after the coronavirus shut down theme parks and movie theaters. WSJ explains how Disney’s streaming platform has become a top competitor in an already crowded field.
Source: (https://ritholtz.com/2021/02/disney-streaming-heavyweight/)

Enough Part 2 – A Framework    
Money should be a Means, but it has this sneaky habit of becoming a Meaning. One way to keep it as a means is by assigning specific Dollars for specific Jobs. Recognize and prevent Lifestyle Creep by keeping track of our expenses over time. Once we’ve reached Enough, then we decide what to do with Excess. Bonus: our way of defining Enough might be very, other-worldly different than someone else’s..
Source: (https://calibratingcapital.com/enough-part-2/)

Your big break
Little breaks compound, one often leading to another. Or they don’t, creating false momentum and then disappointment. Little breaks don’t like being waited for the way big breaks do, because while you’re waiting, you’re wasting the little breaks you’ve already gotten.    
Source: (https://seths.blog/2021/02/your-big-break-2/)

Why investing is so much fun
The core argument of investors and economists who are afraid inflation will rise dramatically in the next couple of years boils down to the old monetary theory of money printing causing inflation. I have dealt with that argument here and I show the important chart from that post below. In the past, printing money by the central bank did indeed lead to higher inflation. This was true for hundreds of years. But this relationship has broken down completely since the 1990s.
Source: (https://klementoninvesting.substack.com/p/why-investing-is-so-much-fun) 

The Algebra of Wealth
For the first time in U.S. history, young people are no longer better off (economically) than their parents were at the same age. And, the distribution of this shrinking wealth remains unequal across race and gender. Fading economic opportunity and mobility is a disease, the symptoms of which are shame, frustration, and rage. 
Source: (https://www.profgalloway.com/the-algebra-of-wealth)

Anxious Idleness: Why are we incapable of guilt-free leisure? 
The unique spell of forced leisure imposed by Covid notwithstanding, it is a truth universally acknowledged that we lack sufficient leisure. We lead busy lives and wish that this were less the case. When considering why, the obvious initial answer is that our economic conditions bar us from leisure. We would like to work less, but working more is an economic necessity. The devotion needed for leisure would also require lowering the value we place on our work – which is perhaps the part least easily given up
Source: (https://philosophynow.org/issues/142/Anxious_Idleness)

A Few Good Books
Source: (https://www.collaborativefund.com/blog/a-few-good-books/)


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