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FII Inflows : We are # 2
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Linkfest : 27 November, 2019
Some stuff I am reading today morning :
Modi’s labour reform push ( ET )
RBI sounds warning on Mudra loans ( Mint )
Steel sector may face disruption ( BS )
Bearings collusion by SKF, Schaeffler, Tata Steel units ( Reuters )
Stock Talk : PSP Projects ( Value Hunter )
Reliance Naval : 1,000% jump in 11 weeks ( BT )
Prashant Jain’s ESOPs now worth 343 Cr ( MC)
True wealth is far more than just financial success ( Kaushal Majumdar )
Buffett’s blunder : Not investing in Microsoft ( AM )
No more Gurus ( Morgan Housel )
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Book Review : Modern Monopolies
The Book ‘ Modern Monopolies’ is written by Alex Moazed and Nicholas Johnson who are entrepreneurs and consultants.
The Book is about ‘platforms’ like Google, Amazon etc which are taking over the world.
It contains interesting case studies about Nokia, RIM etc and how these powerful companies collapsed in front of the onslaught of platform cos.
In today’s world , a product ( such as a smartphone) or a software is a commodity. What is valuable are networks – networks of users, transactions or data.
The beautiful thing about platforms is that as networks increase, their utility increases, their marginal cost goes down and they become even more profitable.
Hence it is no surpise that investors love platforms. It is estimated that by 2040, 50% of the S&P 500’s net income will come from platforms.
In India, unfortunately there are hardly any listed companies that are platforms .
I would recommend this book as a good beginners guide to platforms.
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Sensex, Nifty at record highs
