What’s Brewing. 4th November/2023

Dear Friends,

Happy weekend. Here is a quick review of things we are upto and books/blogs we are reading to stay abreast.

Festive season is upon us. We received the feedback that while APP users have massive discount (9999/+GST for all our offerings), Smallcase members have been left in the lurch.

NOT ANY MORE. Diwali is here for everyone. Use the code GL30 on SMALLCASE to get 30% off on ALL our SMALLCASES. (offer valid till Diwali)

Market update

US markets surged up from historic OVERSOLD levels and rallied more than 4% this week (S&P). In India, Nifty is still in 20d low cycle while there is resurgence in broader markets. Both MWM and MMG are few basis points away from ATH, while MWV is 5% away due to (40% cash).

Here is a Monthly (October) snapshot of BSE indices. Realty is the clear sector winner

Charlie Munger Podcast

For the first time ever, CM gave a podcast interview and as expected it was no holds bar free wheeling conversation, have a listen.

Fried getting fried. (sorry for the P.J)

In other interesting news from the globe, SBF (Sam Bankman-Fried) Convicted on ALL seven counts. Potential 100 year + prison time

Here is an interesting Fireside chat between Stan Druckenmiller and Paul Tudor Jones that we liked this week

Another interesting article we read this week was from the HINDU. Have household savings reduced?

We closed the week by revisiting an AQR paper discussing two types of Hedging strategies. (Tail risk hedging (buying puts) and Slow hedging AKA Trend following (side stepping the bad days). Do give it a read

OUR APP

You can get access to all these as we read, We launched the APP last month. All the product updates and rebalances will be pushed via APP now. We shall be discontinuing the Free Telegram channel by Diwali.

If you have not done it yet, please download the App.

OUR BLOG

We are on MEDIUM. If thats the medium of your choice, please subscribe to our BLOG.

BOOKS

Nothing new, still reading The Creative way of Being by Rick Rubin.

That’s it for now

Stay blessed,

Manish Dhawan.