We start with a post from Deepak Shenoy where he reflects on the month gone by and tries to imagine a future led by disruption. We follow it up with an explainer about a development in e-currency space which may not sound as fancy as bitcoin but is no less disruptive.
That’s not all – we cover an IPO story, developments on Vodafone Idea front, share the most amazing discussions on our slack community, and finally, as we call it, some food for thought for the weekend via the “Links we Like” section.
Markets this week š¦
CNX 500 somehow managed to stay afloat while all but one sector underperformed the broader index. Interestingly, amid the pandemic, pharmaceuticals are reluctant to participate in the 3 month rally.
Looking back to understand the future! š
Each month Deepak Shenoy writes a letter to our wealth clients sharing how our portfolios did, what we are thinking, and an overview on how are we reading the markets.
In this one, he writes, āWe actually want enough people to win before us so that we know thereās something to winā. The reason for such a quote is as interesting as the quote itself.
Read: Wealth Letter July 2021: Following the Disruption ā
(If this is one of those weekends where you would like to get a read of how markets have performed since last a year or so. Here’s a montage in the form of all the previous wealth letters.)
An e-currency that solves real life problems! šø
The NPCI has launched the e-RUPI, a new way of giving someone money for a specific purpose.
- What is this new thing? Is it an old thing that looks like a new thing?
- Or will this launch a revolution of disruption?
We see in this post how the concept works, why you might not be able to fudge petrol bills anymore, and how you can have time-limited, usage-limited money in a way that is extremely useful.
Read: What is the e-RUPI? How does it work? ā
Revive or Die? Or worse yet, stay a Zombie? ā ļø
An unfavourable verdict of a two-decade-old legal battle between Indiaās mobile operators and the Government of India has put one of Indiaās oldest telecom operators in a fix. Yes, we are talking about the merged company ā Vodafone Idea Ltd.
Even before the unfavourable outcome, the company was failing to keep up with its peers. In this post, we dwell upon what led to all this and what lies ahead for the telecom operator.
Read: What happens if Vodafone Idea goes bankrupt? ā
Operating profits is the past, loss making moat is the new sexy! š
The IPO frenzy shows no signs of abating. Yet another loss-making company is on its way to list on the Indian bourses.
Devyani International Ltd. ā the largest franchisee of Pizza Hut, KFC, and Costa Coffee in India ā is launched its initial public offering on August 4. The move comes on the heels of the big-bang Zomato listing.
With brands like KFC, Pizza Hut, Costa Coffee, and Vaango in its stable, Devyani seems to offer something for everybody. Is it enough?
[Premium Read]: Devyani International: Pizza & Burger On One Plate ā
[Premium] The School of Slack š
We bring you the most insightful discussions from our slack community
- We evaluate how Nifty has performed, adjusted for Inflation, versus Gold and PPF (since 2007) [link]
- Do AIFs make sense for Indians given the harsh taxation on them? We discuss. [link]
- For the love of disruption, we discuss the economics & mechanics of converting an IC vehicle to an EV. [link]
- [PSA] Weāre doing a video session on getting started with focused portfolio on Monday. [link]
- Big news coming in on doing away with retrospective taxation has been controversial for a long time. We discuss. [link]
Links we LikeāØ
In this section, we bring you interesting links from across the internet
- It’s fascinating to learn from this article that almost all investing and financial advice is essentially Saving the investors from themselves.
- A fun post on how an earning call sounds like from the perspective of business owners when they have to answer (or duck) different kinds of questions. Read: Stock-market people, stop troubling real people
- Don’t fall for it. The title of the post is textbook click-bait. There’s no answer to this question. The author literally says calls it out in the first paragraph. But hey, we all like to burst bubbles. Read: Asset bubbles and where to find them
Join in on the action at, probably, the best investment community in India.
(And yes, our newsletter subscribers do get 15% off on the Premium subscription. Just use ‘CMCOFFEE’ as coupon code on the checkout page)
