What’s Brewing. 9/Dec/2023

Dear Friends,

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

Market update

This is the weekly snapshot of Nifty 50 stocks this week. Momentum has slowed down in the broader markets and action is shifting to large caps.

Changes

There are NO Changes in #MWV 01 change in #MWM

We are running an interesting poll on twitter as your choice of vehicle to ride the Indian growth story. What is your preferred vehicle?

Mystic Wealth APP

We have received positive response for our recently launched APP. All the product updates and rebalances will be pushed via APP now. Free Telegram channel is Now discontinued..

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

Charlie Munger’s

Alamanck is finally available on Audible for the lazy amongst you. Grab it now!!

Books.

‘What I Learned About Investing from Darwin’ This is a book for already rich interested in maintaining the status quo. If you are not rich yet, this style of investing is a waste of time as it systematically keeps you out of the outliers. Also, the evolutionary biology examples appear post-facto and lacks correlation/causation rigor with investment framework. You don’t know which one came first, similar to ‘what you can learn from Roger Federer way of tennis’ in your investment journey.

That’s it for now

Stay blessed,

Manish Dhawan.