#Saregama delivered very good number 👍
🎧music industry expected to grow by 12-14%,and Saregama’s licensing revenue to grow by 22-25% annually over the next 3-5 years.
The key drivers growing Digitsation and cheap data plans & Saregama’s inv in NewMusic(will grow the mrkt share)
📻saw a good recovery in Carvaan sales,This reflects positively on its intrinsic potential.Approach towards Carvaan will remain unchanged in FY22
In FY 22 the focus on transitioning Carvaan from one-time margin Product to recurring revenue generating Platform will continue
📹Video Films: Hindi films will primarily be made under guaranteed output deals
• Focus on regional language films continues
• Expect to get our first Web Series green-lit this year
• Unforeseen lockdowns may affect shoots
📺Video: TV
• Revenue will continue to grow at the current pace. Rise in newer
video platforms raise future monetisation potential
• • •
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🧵 Thread on NINE PERSONAL FINANCE RULES WE ALL MUST KNOW
1) Rule of 72 (Double Your Money) 2) Rule of 70 (Inflation) 3) 4% Withdrawal Rule 4) 100 Minus Age Rule 5) 10,5,3 Rule 6) 50-30-20 Rule 7) 3X Emergency Rule 8) 40℅ EMI Rule 9) Life Insurance Rule
Share this🧵 if you 👍🏻
1) Rule of 72
No.of yrs required to double your money at a given rate,U just divide 72 by interest rate
Eg,if you want to know how long it will take to double your money at 8% interest,divide 72 by 8 and get 9 yrs
At 6% rate,it will take 12 yrs
At 9% rate,it will take 8 yrs
2) Rule of 70
Divide 70 by current inflation rate to know how fast the value of your investment will get reduced to half its present value.
Inflation rate of 7% will reduce the value of your money to half in 10 years.
Charlie Munger, an American businessman, investor, and partner of the legendary Warren Buffett, coined the term "Lollapalooza effect" during a 1995 Harvard speech, in which he reviewed numerous causes of human misjudgment. It has since become another piece of investing jargon. 🪢
So what does this term actually mean, and why is it important for investors to understand?
Definition
We humans have many inherent biases and tendencies that can sway our behavior one way or another. When several of them act in concert to drive us toward a particular action,
you have a Lollapalooza effect. The Lollapalooza effect can create large-scale drivers of human behavior - and often error.
The Lollapalooza effect can also apply to investing, causing millions of investors to buy one sector, sell off another sector, or otherwise act as a "herd"