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Zeal to Read Weekly Newsletter

Weekly Newsletter

Zeal to Read Weekly Newsletter

Weekly Newsletter | by 2 | on 2021-03-28 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 ’.

Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this. –Dave Ramsey

News you may use

Bill to Create Development Financial Institutions Introduced in Lok Sabha

CAG for setting up of time-frame for roll out of simplified GST return forms

Covid-19 pandemic pushes back India’s $5-trillion GDP goal by 3 years to FY32: BofA Securities

Do not see India’s rating downgrade: FM Nirmala Sitharaman

Finance Act rationalises late fee for filing income tax returns

Finance Bill has amendments to improve ease of doing business: Sitharaman

Fitch upgrades India’s GDP growth to 12.8% for FY22

Global tech, trade bodies urge India to debate on equalisation levy

Govt garners Rs 30,369 cr as dividend from PSUs: DIPAM Secretary TuhinKanta Pandey

Govt may have to pay up to Rs 7,500 crore for compound interest on large loans

Govt working to provide optical fibre connection to 6.5 lakh villages, says Ravi Shankar Prasad

India continues to stay out of Kearney’s 25-country 2021 FDI Confidence Index, US tops

India’s FY21 goods exports likely to be 8-10% lower, to reach $1 trillion digital economy quickly: Piyush Goyal

NHAI suffers Rs 814 crore toll revenue loss in Punjab, Haryana, Rajasthan due to farmers’ protest

No final call taken on direct cash transfer of fertiliser subsidy to farmers: Government

RBI moves a step closer to issuing new bank licences -Sets Up Panel To Scan Applicants Seeking Fresh Permits

Rs 7 trillion being spent on green highways, says Union Minister Gadkari

Sebi asks 500 more cos to detail dividend norms

Trai Lists 80 Entities Flouting Norms to Control Pesky SMSes

Views may be of use

The Agony & The Ecstasy
This data point has had as big an impact on how I see the world of investing as anything else:More than 40% of all companies that were ever in the Russell 3000 Index experienced a “catastrophic stock price loss”, which we define as a 70% decline from peak levels which is not recovered
Stock picking is hard. Even the best stocks like Apple and Amazon get killed. The difference between the winners and the losers is the former recover and the latter never do. Don’t kid yourself, in real-time nobody knows which bucket these companies will fall into.
Source: (https://theirrelevantinvestor.com/2021/03/23/the-agony-the-ecstasy/)

An Obscure Downside of Frugality: Hobbies      
Frugality is great. We achieved financial independence through being frugal and saving a large percentage of our income. Now, I never have to work for anyone else ever again. That’s the best thing about frugality. It can help you gain control of your time and autonomy. There are obvious downsides too. Frugal people don’t spend much on luxuries. We don’t have a luxury car, a big fancy house, or blings to impress our friends. Fortunately, that isn’t a huge problem because we don’t care about those things
Source: (https://retireby40.org/an-obscure-downside-of-frugality-hobbies/)

Party Like It’s 1999: From ETrade to eToro
Towards the end of 1999, two authors published a book called Dow 36,000. Over almost 300 pages, they laid out a view that the Dow Jones index would go on an almighty run. From an already elevated level of around 10,000 at the time of publication, they projected that the index would rally to 36,000 over the next few years. Needless to say, it didn’t.
Over 20 years later, however, we’re finally getting close. This week, the Dow broke through 33,000 for the first time, putting us within a whisker of Dow 36,000.
Source: (https://netinterest.substack.com/p/party-like-its-1999-from-etrade-to)

Are We Witnessing the Start ofa New Commodities Supercycle?
Commodity super cycles are decade-long periods in which commodities trade above their long-term price trend. Some market analysts are seeing signs that a new super cycle is beginning now, pointing to a weakening dollar and supportive central banks and fiscal stimulus geared towards infrastructure spending as well as renewable energy.

The Commas That Cost Companies Millions
For most people, a stray comma isn’t the end of the world. But in some cases, the exact placement of a punctuation mark can cost huge sums of money.Commas in contracts link separate clauses in a non-definitive way, leaving their reading open to interpretation. While a full stop is literally that – a full and complete stop to one thought or sentence, and the signal of the start of another – commas occupy a linguistic middle ground, and one that’s often muddled. “Commas are a proxy for confusion as to what part of a sentence relates to what,” Adams explains.
Source: (https://getpocket.com/explore/item/the-commas-that-cost-companies-millions)

How Google’s New Career Certificates Could Disrupt the College Degree
One of the complaints about traditional higher education is that while universities teach critical thinking skills, they often leave graduates unprepared for the working world. To help combat that problem, Google partnered with other employers to vet the respective curriculums and to make sure they provided job-ready skills.
Source:(https://www.inc.com/justin-bariso/inside-googles-plan-to-disrupt-college-degree-exclusive.html  )

Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making
Our main goal in this article is to introduce managers to the concept of noise as a source of errors and explain how it is distinct from bias. The term “bias” has entered the public consciousness to the extent that the words “error” and “bias” are often used interchangeably. In fact, better decisions are not achieved merely by reducing general biases (such as optimism) or specific social and cognitive biases (such as discrimination against women or anchoring effects). Executives who are concerned with accuracy should also confront the prevalence of inconsistency in professional judgments. Noise is more difficult to appreciate than bias, but it is no less real or less costly.
Source : (https://hbr.org/2016/10/noise)

Five Investing Powers         
Low susceptibility to FOMO.Knowing what game you’re playing. Recognizing the difference between patience and stubbornness.Comfortable being miserable.Aligning your peak-wealth years with a generational collapse in interest rates, the Fed becoming comfortable with quantitative easing, and falling marginal tax rates.
Source: (https://www.collaborativefund.com/blog/five-investing-powers/ )


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