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,

#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