Zeal To Read

Weekly Newsletter | by 2 | on 2021-02-28 02:17

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 ’.

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“Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little.”
― Fred Schwed Jr., Where Are the Customers’ Yachts? or A Good Hard Look at Wall Street

News you may use

₹1 Lakh Crore of Public Issues Are Lined Up in 2021-This excludes public sector entities like LIC, which will take the numbers even higher

Copper prices on fire: India’s import bill could rise by 35% in 2021

Cryptocurrencies safe or not? RBI governor voices ‘major concerns’

Exim Bank extends line of credit worth $50 million to Maldives to fund defence projects

Faceless GST assessment being weighed

Finance ministry to set up Working Group to redraw fiscal consolidation path

Government sanctioned 134 food processing projects last year despite pandemic: Minister

India hosts first meeting of the BRICS finance and central bank deputies of 2021

India’s food grain output to rise 2% in 2020-21 to record 303.34 million tonnes: Govt

India’s recession exit gains momentum on services, manufacturing

Jan-March Smartphone Sales may Hit a New High-Sales crossed 12m last month making it the best January in 5 years, indicating that pent-up demand has not waned

Number of ultra-high net worth individuals to rise 63% to 11,198 in 5 years in India: Report

Organisations in India projecting 7.7 per cent salary increase in 2021: Survey

Plan to monetise 100 public sector assets, drawing Rs 2.5 trillion: PM

Skyrocketing Fuel Prices Fail to Dent PV Demand

Stock Indices Yield to US Bond Pressure, Fall Most in 9 mths

Unofficial imports of gold into India plunge 80% in 2020: World Gold Council

Views may be of use

Apple Is the $2.3 Trillion Fortress That Tim Cook Built

Jobs’s death two years later caused skeptics to predict Apple would stagnate without a steady stream of his inventions; in fact, the real challenge was keeping supply up in China. Operations managers were scrambling to buy enough computer-controlled milling machines and laser cutters. Every millimeter was scrutinized for savings—as were even the seemingly least consequential parts. Three people familiar with the company’s supply chain say there was an Apple employee whose job consisted of negotiating the cost of glue.
Source: https://www.bloomberg.com/news/features/2021-02-09/this-is-how-tim-cook-transformed-apple-aapl-after-steve-jobs?srnd=premium )

Why You Need a ‘Challenge Network’

We learn more from people who challenge our thought process than those who affirm our conclusions. Strong leaders engage their critics and make themselves stronger. Weak leaders silence their critics and make themselves weaker. This reaction isn’t limited to people in power. Although we might be on board with the principle, in practice we often miss out on the value of a challenge network.
Source: (https://knowledge.wharton.upenn.edu/article/why-you-need-a-challenge-network/ )

Why ambitious people have (unrelated) hobbies

There’s nothing to feel guilty about for being idle. It’s not reckless. It’s an investment — in you, in your happiness. There is nourishment in pursuits that have no purpose — that is their purpose.
Source: (https://www.salon.com/2019/10/01/why-ambitious-people-have-unrelated-hobbies/ )

Jeremy Grantham – A Historic Market Bubble

Jeremy Grantham is the Long-Term Investment Strategist and Co-Founder at GMO. We cover the three key signs of a bubble, why Jeremy believes we are in a bubble right now and how it’s being led by retail rather than institutional investors.
Source: (https://www.joincolossus.com/episodes/31390529/grantham-a-historic-market-bubble )

What 15 Years of Y Combinator Investments Can Teach Us About Startups

There are thousands of smart people who could start companies and don’t, and with a relatively small amount of force applied at just the right place, we can spring on the world a stream of new startups that might otherwise not have existed
Source: (https://marker.medium.com/seed-investors-are-favoring-enterprise-startups-and-other-conclusions-from-analyzing-y-110432adf199 )

Google Director of Engineering: This is how fast the world will change in ten years

What does the extreme competition mean? On the positive side, this increasing competition creates incredible innovation. As consumers, we have people racing to serve needs we didn’t even realize we had faster, cheaper, and better. On the negative side, as workers, we are the ones racing to serve customers. It feels like we’re on a treadmill and that if we get off that treadmill to smell the roses of life for too long, we may fall irreparably behind.
Source: (https://medium.com/accelerated-intelligence/google-director-of-engineering-this-is-how-fast-the-world-will-change-in-ten-years-6f1e653b5374 )

The Extreme Skills of The 10x Creator

Competing for attention on the internet is not just a creative dilemma demanding content production, it’s also an engineering endeavour demanding technical execution. In recent decades, technology has abstracted away so many problems that top creators now look a lot like engineers: pulling together dozens of systems, automating tasks, removing barriers to the act of creation, and performing orders of magnitude better than the average — without code. Creators winning attention do so systematically: they stack technologies to generate and capture demand; they delegate progressively more complex processing tasks to people and machines; they emancipate their minds from clerical tasks; and they create the potential to solve harder and harder problems. Instead of working “in the system,” they’re working on it.
Source: (https://letter.substack.com/p/the-extreme-skills-of-the-10x-creator )

The Similarities Between Shane Battier and John Maynard Keynes

In 1921, John Maynard Keynes wrote a book called A Treatise on Probability. Keynes made the point that it was wrong to assume you could make a calculated mathematical expectation for every decision in life. At a certain point, you have to take a risk and move forward with the information at hand, even if it’s incomplete. Intuition and judgment are necessary evils in an incalculable world.
Source: (https://awealthofcommonsense.com/2020/10/the-difference-between-being-rational-being-right/ )

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Note: the above material is neither investment research, nor financial advice. Zebu Share and Wealth Managements Private Limited [SEBI Registration No: INZ000174634] does not seek payment for or business from this email in any shape or form.

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