Some stuff I am reading today morning:
Medical debts bankrupt Indians (BS)
US Consumer prices jump 5% in May ( CNBC)
A $43 Billion jump in Adani’s fortune is fraught with risks (Mint)
Startup: BharatPe (Fortune)
8 insights into getting wealthy (Morningstar)
The Shoeshine Indicator is dead (Irrelevant Investor)
The rise of SPACs (Aswath Damodaran)
Alibaba: BABA Black Sheep (Not Boring)
Learning from Leonard Lauder (Masters Invest)
Fintech 3.0 ( John Steet Capital)
Some stuff I am reading today morning:
Adani Wilmar plans IPO (MC)
Equity MFs see 10,000 Cr inflow in May (BS)
Oil hits two year high (Reuters)
What El Salvador legalising Bitcoin means for India (IE)
Startup: Chalo ( Forbes)
Food Delivery business is the worst business ever (Michael Batnick)
Seismic shift in the markets (The Belle Curve)
Bill & Melinda Gates’ Empire of Dirt (Mother Jones)
The sad end of Jack Ma Inc (Forbes)
Janet Yellen’s at it again (Daily Reckoning)
Q. The StAR MF platform that you have created is big in numbers. But is it big on profits also?
A. If I had headquartered StAR MF as a separate company in Bangalore, it would be worth probably a few tens of millions of dollars because that is where you value things differently. When you come to Mumbai, you value things differently but we are in Mumbai and so we try to be profitable, we do not burn money at all and that is why we do not even spend money on marketing.
