A small write up for the beginners
We are parents or may be becoming parents in future Financial literacy is one of the most neglected subject in our country .This is good article
75 companies can distribute almost Rs.1.1 trillion more
detailed REPORT
NSE – IiAS Compnay’ s BOARD EVALUATION STUDY
Nice read on the current FMP saga. Also a good reason why when in fixed income makes no sense chasing 1-2 percentage extra. If looking at fixed income, why to look only at vanilla fixed income.
http://www3.weforum.org/docs/WEF_Global_Risks_Report_2019.pdf
Above Report Covers macroeconomic, Environmental, Geopolitical and geo-economic Risks that we are facing in global level.
Weekend reading -
Weekend Reading
Good read on Zoom video conferencing company that just went public in US
Terry Smith of Fundsmith fund, UK; he is almost similar to Peter Lynch and delivered consistently exceptional returns over a long period of time.
Outstanding video where he describes his investment style(no trading,no hedging,no activity, sectors he invests in etc.
A must watch for long term investors.
Two interesting articles which showcase how fashion goes through structural shifts. The first one is concerning levis - where sales after stagnating since 2004 - suddenly jumped by 14% in 2018. The main driver was the focus on tops. From constituting 85% in 2004 to constituting 68% now - There is a growing trend for declining sales of what people wear below the waistline driven by people growing love for selfies. Jawed Habib has benefited enormously from this structural shift.
The second one is concerning the declining sales of the neck tie as dress codes at workplaces have become more free and casual
How London has come to become the financial capital of the world and how it controls a large number of tax-havens
About 200 US companies seeking to move manufacturing base from China to India: USISPF
Looks like after 8k Miles, Manpasand, Cebbco, DHFL, IL&FS from recent times, MCA has finally woken up on Deloitte. What we really need though is for the auditor who audits consolidated books to be accountable for the statements of the subsidiaries as well - either one auditor audits all or all information required for an oversight is made available so that the main auditor doesn’t issue caveats for not being accountable for subsidiaries. Otherwise this will just continue under a different auditor who is willing to look the other way.
And there is the doctrine of Lifting the Corporate Veil. When criminal negligence and fraud is involved, taking action against the firm makes no sense. You have to act against the people who were responsible. Punishing the firm and letting the people go scot-free is like no punishment at all.