Bond markets ahead of equity mkts by 6-12months. 10yr Gsec yields have eased from 8.20% to 6.5%. Will equity mkts follow this time also with a lag? Credit premium at elevated levels.Risk aversion is high. It’s always darkest before dawn. pic.twitter.com/mng74uA1u7
— Pankaj Tibrewal (@pankajtibre) September 17, 2019
Some stuff I am reading today morning:
A $45 Billion Bet on Modi’s India is rapidly unraveling (Bloomberg)
On Wealth Destroyers (ET)
Why has Equitas holdings taken a knock? (BL)
India Microfinance sector to double in size (Muhammad Yunus)
How Bhushan Steel Promoters siphoned off funds (BT)
Don’t give away your crude gamma (Macro Tourist)
How do ignorant traders succeed? (Nassim Taleb)
The relationship with the Customer (Seth Godin)
What’s more important? Wealth or Income? (Marc Litchenfeld)
Immutable truths and arguing fools (Morgan Housel)
Source: Exchange Filings of Manpasand Beverages Ltd
One of the most remarkable exchange filings ever begins like this:
