Make a consolidated mail for them. And tag that mail in their inbox. For instance my wife has a tab "DV" & color code it. Do this for your sibling & parents if possible
3/ MY NSDL CAS statements get forwarded to my wife and her statement to mine. I have maintained sporadically though CAS statements in a google drive folder to which both of us have access. As investors your close ones should know every single investment you have.
Short notes from the book 'Dead Companies Walking' by Scott Fearon.
I think this is a must read book for all investors to understand when to stay away from a company even if you don't want to short it.
2/n Things go wrong more often than they go right. Failure is actually a natural - even crucial - element of a healthy economy. And the people who are willing to acknowledge that fact can make a hell of a lot of money.
3/n One of the most enduring & important business traditions is failure
1/n A look at the oldest companies & earliest traded stocks
The 1st stock exchange was established in 1602 in Amsterdam. It was made by the Dutch East India Company, chart below
The south sea bubble of 1720 can be seen. The company lasted under 2 centuries & finally went bankrupt
2/n Another company traded in Amsterdam was The Dutch West India Company which also went into bankruptcy in late 1700s. In the chart below we can see both the Tulip mania & the South Sea Bubble.
3/n But these two companies are no match for the oldest companies which exist till today. They could have merged. Some are listed via the new parent too. The types are:
2/n Being a govt doctor working on the field most of the time he rarely put in effort to do any detailed analysis. He tried his hand at a business & failed miserably. Went back to job.
His learning - give money to people who can run businesses efficiently.
3/n You can never create a business in 1-2 years. It takes decades. So why do you think you will make returns in a few months? He bought stocks with the expectation that for 5+ year nothing would happen.
Since SBI IPO is on its way a lot of data is being cut in different ways from RBIs reporting to make it look nice eg
H bank has max cards in force
X bank customers do Y txns per month
A bank's customer's have B avg ticket size per swipe
There is a concept of 'activation rate' of a cards portfolio. If there are X cards in force it doesn't mean X cards get swiped. Activation rates are not made public. But on digging deep into some card network reports you will get an idea.
Debit card and credit card portfolios have very very different activation rates..sorry activation rate is what fraction of cards in a portfolio does the card get swiped/dipped.
2/ After WW2 in which Italy was a part of the Axis group it was in economic shambles. But in late 50s a golden period for the economy began. This period lasted perhaps into the late 70s & 80s. It was called 'miracolo economico' meaning the Miracle Economy!
3/ A person who spent over a decade once told me - It's easier to pull money out of a crocodile's mouth than from the pocket of an Italian. In many sense they are one of the most street smart people out there. A passionate lot in whatever they do be it good or bad!
1/n A series of tweets on Diversification from Mr Buffett's Jan 1966 letter. Lately there has been a stance of movement towards higher diversification with many Gurus pointing out the same. I think this letter is *one of the best content* on the subject. Quoting Mr Buffett below:
2/n We diversify substantially less than most investment operations.
3/n We might invest up to 40% of our net worth in a single security under conditions coupling an extremely high probability that our facts & reasoning are correct with a very low probability that anything could drastically change the underlying value of the investment.
Ultralearning: This book deserves not more than 30 mins of anyone's time. Repetitive to the core. The first few pages are enough.
This is actually a great book. And I am going to read it once again after I get over my current Python book.
A very good book to solve if you have some background in computer science. But not the right time for me to have read this cover to cover.
#EV (1/n) What fraction will be India's contribution to the global electric vehicle market. Any guesses?
We are a part of the top dark grey region consisting of 150 countries. Yes we are the largest in that perhaps.
#EV (2/n) In the US EVs cost more & will continue to do so for over half a decade than ICE. The battery cost when it drops as a % to car cost to 20% does EV make acquisition sense for a consumer(not including TCO).
How will this play out in India? How will v control r costs?
#EV (3/n) Incentives from a regulatory perspective will drive the initial thrust of EV adoption followed by economic sense in ownership. In India are we treading on the same path?