The Slack Discussions

The Slack group at Capital Mind Premium has been extremely active and if you haven’t been there (Premium subscribers only), pop us a note or login here using your premium credentials.

A brief summary of some of the interesting things discussed there in the last few days:

#general: Harvard Loses Almost $2 Billion in Endowment Value

Harvard Management Company lost almost $2 billion in endowment value during a “disappointing” fiscal year 2016, posting its worst endowment returns since the nadir of the financial crisis and marking the latest in a string of underwhelming investment results for the world’s largest university endowment. (Link)

#general: Sebi proposes to ban trading tips via bulk SMSes, emails

Sebi plans to curb unsolicited investment advice and promotion of investment products through electronic and broadcasting media platforms. (Link)

#general: If you want Jio SIM, first get Aadhaar card

Reliance store now seem to be running out of the registration forms that allowed them to disburse SIM cards earlier. So instead of using the registration forms, they are handing out SIM cards using the Aadhaar-based registration process and if a consumer doesn’t have an Aadhaar card, he or she is out of luck. (Link)

#general: No Benefit of Composition Scheme to Small Service Providers under GST?

(Link)

#macronomics: Pension Shortfalls Could Be 4X To 7X Greater Than Reported

(Link)

#general: Apple Is Now Boring Enough to Buy for $37 Billion Stock Sifter

Apple Inc. losing steam only makes it a bargain.
The iPhone maker is cheap and the risk is lower, according to Robert Naess, who oversees 33 billion euros ($37 billion) in stocks at Nordea Bank, Scandinavia’s largest bank. (Link)

#general: U.S. Tech Funding — What’s Going On?

What’s going on in the public markets? What are all these so-called “unicorns”? What’s going on in venture capital?
“This time is different.” It is different. Because it’s always different… And one big reason is mobile. (Link)

#macronomics: India’s falling exports killed 70,000 jobs in just one quarter

India’s dismal export growth is leading to massive job losses. And, after months of shrinking exports without any signs of improvement, the employment situation in Asia’s third-largest economy is set to worsen. (Link)

#general: Automation Strikes Textile – Raymond Will Replace 10,000 Employees With Robots

91 year old Raymond, the iconic branded fabric and fashion retailer has embraced automation in a massive way, sending shock-waves across the legendary textile industry in India. In a landmark decision which will have tsunami like effect across the industry, they have decided to replace 10,000 employees with robots. (Link)

#fx-commodities: J LL Pulse Monthly Real Estate Monitor | September 2016

(Link)

#general: Sustaining retirement income in a lower-return world

Every day, I seem to have a discussion with someone regarding strategies for sustaining retirement income in a lower-return world. Investors, particularly retirees, are looking for solutions, and their frustrations are as clear as their request: Can’t someone help? While I can’t fix low interest rates on lower-risk investments (such as high-quality bonds and bond funds), perhaps I can provide some perspective and a solution. As with the old conundrum—is the glass half-full or half-empty?—the answer to the retirement income puzzle is often about perspective. (Link)

#stocks: Reliance Jio selling user data to ad networks abroad, says Anonymous

Reliance Jio could be making money by selling user call data to targeted ad networks in the US and Singapore without informing users, if claims by hacktivist group Anonymous are to be believed. (Link)

#fx-commodities: In Real Estate, Money Is made On the Purchase, Not On The Sale

(Link)

#macronomics: Japan Manufacturing Expands For First Time In 7 Months

Japan’s manufacturing sector expanded for the first time in seven months in September. While this suggests that industry is stabilising, ongoing inventory drawdown and persistent deflationary pressures indicate that business conditions remain fragile. (Link)

#general: How corrupt are our bankers?

Bankers are in an industry where money is the raw material and it is not easy how they use their official position to make money for themselves. (Link)

#macronomics: Contagion Risks Rise as China Banks Fund Each Others’ Loans

China’s smaller banks have never been more reliant on each other for funding, prompting rating companies to warn of contagion risks in any crisis. (Link)

#general: Deutsche Bank Slumps to Fresh Record Low on Capital Concerns

Deutsche Bank AG shares dropped to a record low amid concerns that mounting legal bills, including a looming fine over its pre-crisis mortgage bond business, may force the lender to raise capital. (Link)

#stocks: All’s Not Well In Sun Pharma-Ranbaxy Human Resource Integration?

Around 500-600 employees of the erstwhile Ranbaxy Laboratories Ltd., and now Sun Pharmaceutical Industries Ltd., will go on a pan-India strike on Monday, 26 September, union representative, PN Subramaniam told BloombergQuint. (Link)

#stocks: Analjit Singh: All about timing

The Max group founder is known as much for his ability to spot an opportunity early on as he is for the unerring precision with which he exits a business when on top. Singh speaks about his plans, current state of mind and philosophy of life. (Link)

#bonds: Sebi nudges mutual fund industry to advertise direct plans

In his last address, outgoing Sebi chief U.K. Sinha said just because he was advocating for direct plans did not mean he was “anti-distributor”. (Link)

#general: Govt to shut down 15 loss-making PSUs

The government has decided to shut down 15 loss-making public sector units, of which at least five have been cleared by the cabinet, while opting to go against internal advice and revive three state-run companies. (Link)

#general: RBI may ease bad-loan recognition norms and let banks reclassify borderline cases as standard loans

The Reserve Bank of India may be poised to throw a lifeline to banks by easing tough bad-loan recognition norms, enforced as part of its asset-quality review, following an improvement in the behaviour of some big-ticket borrowers, said two people with knowledge of the plan.(Link)

#general: Sebi Adds Muscle To Supervisory Framework For Stock Brokers

Putting in place enhanced supervisory framework for stock brokers, Sebi has issued a detailed set of guidelines to monitor their financial strength and detect any misutilisation of clients’ funds. (Link)

#stocks: 21 Companies Face BSE Trading Suspension From October 18

Leading stock exchange BSE will suspend trading in securities of as many as 21 companies from October 18 as they failed to comply with certain listing regulations.
In case the firms comply with the norms by October 10, they would not face trading suspension.(Link)

#macronomics: The Increasing Incidence of PPP Project Cancellations in India

A spurt in the cancellation of public-private partnership projects in recent times can be attributted to macroeconomic crises, inherent problems in the water sector projects, and foreign sponsorship of these projects. Since giving the renegotiation relief to many of these projects seems to be problematic, cancellation is probably the only way for the government to elicit more realistic bidding from the private sector. (Link)

#fx-commodities: Oil And Gas Bankruptcies Set To Double This Year

Creditors from bankrupt oil and gas companies are suffering in the current climate, as loan recovery rates have plummeted while insolvencies have increased, which may even be on a par with the collapse of the telecoms industry in the early 2000s, according to Moody’s Investor Service. (Link)

#backtobasics:

Displaced Moving Average – Link

#Recommended Reading

Value Averaging: The Safe and Easy Strategy for Higher Investment Returns  – Link

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