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Zeal to Read

Weekly Newsletter

Zeal to Read

Weekly Newsletter | by 2 | on 2021-08-08 02:09

Risk means more things can happen than will happen – Elory Dimson
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News you may use

At 17% in July, GST e-way bill generation highest in four months

Auto component industry turnover decline 3% to Rs 3.40-lakh crore in 2020-21: ACMA

Exports up 47.91 pc in July to $35.17 bn – At $35.2bn, exports hit record high in July

FPIs Cut Exposure to Lenders in July Amid Rising Slippages -LOCKDOWN IMPACT AND RISING CONCERNS-Foreign investors sell banking and financial services stocks worth $1.5 bn in July – highest since market meltdown in March 2020

Govt borrowed close to $10 billion from multilateral agencies in FY’21 to fund projects

Govt cuts Mudra loans target in FY22, rules out fresh PSB merger proposal

Govt Moves to Axe Retro Clause in 2012 Tax Law

Hiring up 11% sequentially in June quarter, IT tops with 61% growth: report

IBC: Urgently need a professional ‘Code of Conduct’ for committee of creditors, says Parliamentary Panel

Indian service sector stuck in contraction territory for third straight month in July: PMI

India’s factory growth rebounded in July, hiring resumed after 15 months

India’s July jobless rate falls to 6.95%: CMIE

India’s services exports at USD 19.72 billion in June: RBI data

IPO Frenzy: ₹1.71 L cr Pours into Four Issues-This is a positive sign for another 4 offers set to open next week -AGAINST A CUMULATIVE ₹2,327 CR SHARES ON OFFER

Net tax revenues rise 5 pc in FY21: FM Sitharaman

NHAI incurred revenue loss of around Rs 3,512 cr in FY21: Gadkari

RBI Extends Deadline for Current A/c Norms – BANKS CAN IMPLEMENT NEW RULES BY OCT 31 NOW

RBI sees inflation rising but holds rates to fuel growth -Retains FY22 GDP Forecast At 9.5% -Inflation Forecast to 5.7%

Retail investors prefer UPI route to join the IPO frenzy

Retail Ownership in NSE-Listed Cos at All-time High -A buoyant secondary market, new listings push up retail share to 7.18%

Sensex hits 54k for 1st time as China-wary FPIs bet on India -Look For Safe Haven After Beijing Crackdown on Tech Giants

Total debt expected to increase to 61.7% of GDP in FY’22: Minister

Trade hit as cost of freight from China surges 200%

Views may be of use

Other People’s Mistakes
When judging others’ poor behaviour it’s easy to underestimate your own susceptibility to the power of incentives. It’s hard to tell the difference between boldness and recklessness, greed and ambition, contrarian and wrong. Not all relevant information is visible.
Source: https://www.collaborativefund.com/blog/mistakes/

DCF in spirit, not letter
Unlike in textbooks, real-world methods are about practicality and efficacy. Soundness of decisions matter, not elegance of method. An empirically-grounded, conservative, multiple-based approach has worked well over the years.
Source: https://buggyhuman.substack.com/p/dcf-in-spirit-not-letter

Updating The Spock Market
Most Investors do not know they don’t know: Listen to any explanation of market behaviour; they are usually filled with hindsight bias and rationalizations. It is rare to hear someone asked a question about market behaviour and not give a detailed after the fact narrative. Few are willing to says “I don’t know” or “Its essentially random.”
Source: https://ritholtz.com/2021/08/updating-the-spock-market/

Advertising Stagflation – Its the 1970s for digital marketers
Everyone seems to be talking about inflation, but I’m still having a lot of trouble imagining what non-transitory inflation looks and feels like in real life. As an econ undergrad, sure, I get the technical definitions and feedback loops. As someone who worked in emerging market finance, I’ve certainly watched other countries experience inflation through a terminal screen. As someone who reads plenty of economic history, I have clear hyperinflationary mental images of wheelbarrows of money. As a parent living in an expensive urban area, I’m well acquainted with the cost pressures of education, health care, and housing which create endless stress but don’t really count.
Source: https://www.readmargins.com/p/advertising-stagflation

Extracting Value vs Creating Value
How well am I serving my customers? Am I a good team player? Do I make projects move faster or slower? Of course, value is not directly correlated with money. Money’s just the easiest way to measure it. Some extremely valuable things make no money. On the other hand, there are extremely high-paid jobs which are bullshit jobs. You probably know who and what I’m talking about.
Creating Value in a COVID World: How do you find balance between all this? You don’t want to be a parasite, constantly taking and never giving. On the other hand, it’s heroic to give and never take — a martyr — but I imagine it’s not very comfortable. Surely there’s a balance where you take enough for yourself, and still be a good contributor to society.
Source: https://www.mr-stingy.com/extracting-value-creating-value/

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