Read all these books in the first half of 2021 ๐๐
Recommending all of them ๐๐ผ
Billion Dollar Whale is a fascinating story about how one mastermind was able to rob billions of dollars from Malaysian Sovereign Fund and use that money to finance everything from parties with Paris Hilton to the movie Wolf of Wall Street.
Thrilling and Insightful ๐ฐ
Joys of Compounding by @Gautam__Baid teaches you various aspects of the magic that is compounding.
From finance to more importantly how compounding lessons in life play an important role.
This one has both lessons in life and investing packed into one.
Highly recommended ๐ฑ
In The Plex give you an inside view on how one of the greatest companies in the world - Google, works.
Steven Levy is one of my favourite authors ๐
If you're a fan of history and geopolitics then this one is for you.
The Rise and Fall of Nations by Ruchir Sharma has to be one of the best books written on global political landscape and the rules that govern them today. ๐
Re read this gem of a book. Enough has been written about it, best one to pick up esp if you're a beginner in investing.
The text that was written in early 90s is still relevant after decades. ๐น
I read about David Sinclair's research a few years ago. The idea that growing old is a disease and like any other disease, can be cured intrigued me.
The author presents detailed arguments why human lifespan can be increased beyond its current limit.
Interesting Read. ๐ด๐ฝ
Excited to pick next 6 books for second half of this year โ๐ป
What did you read this first half of 2021? Share the names and recommendations below ๐๐ผ
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Grab a cup of coffee. In this thread, I will explain:
1. What is Behavioral Finance? 2. What are biases and how do they impact 99% of investors? 3. What are different types of biases and how to overcome them?
Let's dive right in.
2/ Behavioral finance is a field that studies how psychological, human biases and emotions influence financial and investment decision-making.
3/ Humans by nature are driven by emotions and are a irrational species.
This irrationality seeps through in investing, finance and global capital markets.
Grab a cup of coffee. In this thread, I will explain:
1. What is cost of capital and WACC? 2. How does a company's capital structure impact its valuations? 3. How to code WACC as a field in screener?
Let's dive right in.
2/ Before we start to explore cost of capital, we first need to understand what is meant by capital structure of a company.
3/ Any business at a very simplified level, works in three steps
Step 1: Raise funds from various types of investors
Step 2: Use those funds to build projects that generate higher returns
Step 3: Deliver excess returns back to investors
1โฃ Provide loans to banks
2โฃ Value US Treasuries held by banks at par for collateral, even if they are currently not valued at par
3โฃ Inject USD 25B into banking system
They are calling it BTLP
Its essentially QE with a different label
It took Fed ~2 years to sell $600B and only a few days to reverse 50% of that
Just last week alone Fed bought $300B worth of assets
Current size of Fed Balance Sheet ~8.5Trillion USD
This is the MOVE index, its volatility index for Bonds, similar to what VIX is for equities
The only time when MOVE was higher than current levels, was in 2008
#AartiPharmaLabs lists today, here are some slides from my presentation at @ias_summit to help you understand the business โคต๏ธ
The current share price is expensive, I wouldn't be a buyer at this price ๐
D: Not an investment recommendation
@ias_summit At 315/share, the market is implying a market cap of ~2850.75cr to the company or a PE multiple of ~18x TTM earnings
@ias_summit Since, the implied valuation is towards a premium & there are large institutional holdings in Aarti Industries, expect decent amount of selling in next few weeks
On the other hand, I also believe promoters will raise stake so need to monitor this for sometime before entering