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On Slack: Aramco IPO, Curbing Inflows, FPI Trades, Geared for a Comeback, Three Years of Drought, Theoretical Benchmark and more….

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On Slack: Aramco IPO, Curbing Inflows, FPI Trades, Geared for a Comeback, Three Years of Drought, Theoretical Benchmark and more….
Slack is where the daily action happens. We take pride in our diverse and always helpful member community which includes value investors, fund managers, and professional traders. Here is a brief summary of some of the interesting things discussed there in the last few days. Find all older ones here.


#macronomics: A Boutique Investment Bank’s Aramco IPO Grand Slam

Veteran dealmaker Kenneth D. Moelis has pulled off a coup that his colleagues on Wall Street should well envy: a coveted role as an independent adviser to Saudi Aramco as it prepares for the world’s largest IPO that could value the sovereign oil company at $2 trillion. Knowledge @ Wharton

#stocks: Kraft won’t back down from Unilever merger pursuit despite rejection

Kraft Heinz announced on Friday a proposed $143 billion merger with Unilever in what would be one of the biggest deals ever. But the Anglo-Dutch consumer goods giant has declined, saying in a statement the offer “fundamentally undervalues” the company. CNBC, WSJ

#general: Flipkart sells small stake to ‘Times of India’ publisher for Rs. 260 crore

Flipkart has sold a small stake to ‘Times of India’ publisher Bennett, Coleman and Co. for cash and advertising space in the latter’s media properties. Livemint

#stocks: FPI trades in HDFC Bank stock in limbo

Foreign shareholding cap in the bank overshoots limit; RBI calls emergency meeting of custodians. Business Standard

#general: Getting Rich vs. Staying Rich

Collaborative Fund

#general: How this startup attracted a million users and executed more than $30 billion trades

A startup called Robinhood Markets is taking on the big brokerage firms with its commission-free trading app, and appears to be making headway. Since its introduction in December 2014, the app has attracted a million users and executed more than $30 billion in trades, up from $2 billion in 2015. Economic Times

#general: Applying Kelly Criterion by Ray Dillinger

Kelly’s formula is a theoretical benchmark for deciding the appropriate position size when investing, trading or gambling. A divergence in attitude towards this theory illustrates the disconnect between academicians and practitioners, and the necessity of closer collaboration between the two circles. Bet Your Beliefs

#general: The Impact of Longer Investor Time Horizons

The great news is people are living longer. The double-edged sword version is that people have a much longer time horizon to plan for financially, which could make things tricky for those who aren’t thoughtful about the potential ramifications. A Wealth of Common Sense

#general: How to help parents manage money during retirement

If you have aging parents who fit the above description, step in as soon as possible. Are they saving enough? Are they investing wisely? Do they have adequate health cover? Are their documents in order? Economic Times

#general: BTC China extends bitcoin withdrawal freeze into March

The fallout from the People’s Bank of China’s (PBoC) crackdown on domestic digital currency exchanges continues, and this time BTC China has announced that it will stop cryptocurrency withdrawals for one month. Calvin Ayre

#stocks: Hero MotoCorp: Geared for a comeback

With over half of its entry-level bike sales coming from the rural markets, Hero MotoCorp will be a beneficiary. A growing foothold in the executive segment bikes implies that the company will also benefit as urban consumption returns to normalcy, after the note ban. Hindu Business Line
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