What’s Brewing. 28th Oct/2023

Hi friends,

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

Market update

What a roller coaster week this was.

#MWM witnessed a 8% DD intra week and finally closed at touching distance from ATH ( -1.9% DD)

Without naming names, a lot of Momentum investment practioners chickened out and decided to take cash calls Mid week. Like we maintain, it ain’t easy. The key is to avoid leverage and do proper Asset allocation. Any given year can be up 80% or down 30. Read this expectation setting blog

US MARKETS

Google tanked 9% due to disappointing growth for the company’s Google Cloud.

That is a 01 day drop (Wednesday) of 150 Billion dollars or 1,24,86,07,50,00,000 Indian Rupees.

Its funny and disorienting when you convert the damage in Indian currency.

We launched the APP this 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.

We are running an AMAZING offer on the APP where you get access to ALL our research (MWM, MMG and MWV) at a single price point of Rs 9999/+ GST.

This is too low a price for all 03 offerings and therefore we will stop it after Diwali. Grab it before it goes away (Diwali End)

STOIC TALKS

Latest Podcast of STOIC TALKS is out. We interviewed Ravi Dharamshi of ValueQuest.

OUR BLOG

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

BOOKS

Finished the book NO SPIN by Shane Warne. I am usually a quick reader but even then am amazed at my speed off-late. Next in line is The Creative way of Being by Rick Rubin. Watch his podcast with Joe rogan if you are not into books.

That’s it for now

Stay blessed,