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[15-Jul] Market Overview, 5 Good Reads and Sensex 30 PE ratio

Jul 15, 2023

Market Overview: Top Indices & Asset Classes
Sensex 30 PE: Markets at high but not costly!
Good Reads: 5 good reads on investing & finance
Pop Quiz: Answer and win a cool prize!

What’s up with markets?

Crude oil had a killer month, up 10% and making the oil diggers happy. But India didn’t share the joy because we have to import costly crude. Nifty 50 rose another 1.2% this week, and the S&P 500 grew by 2%. And guess what? Silver is now trumping gold over the past year!

IT stocks are back to top of the table after having a fantastic last week on the back of earnings. The sector is up 4.7% this week while it doesn’t beat the NSE500 over 1 year period. PSU banks, on the other hand, had a bummer of a week and ended up in the red. But hey, PSU stocks are still the winners over the past month and year!

Sensex 30 PE Ratio

While the markets may be at All Time Highs, but Sensex 30 Index valuations are aren’t quite near their recent peaks.

What we are reading

When you hear about “quality” in the markets, the term ROCE comes up. It’s the Return on Capital Employed. Or, “how much money do you make on every rupee that you have ?” Are high ROCE companies great investments? Read: The impact of Return on Capital on Shareholder Returns
Democratizing data analysis with AI. Read: What AI can do with a toolbox… Getting started with Code Interpreter
In a talk with MBA students, legendary investor Howard Marks suggests forecasting and economists are a waste of time. Read: Howards Marks rejects forecasts in favour of psychology
There is an undeniable and unavoidable belief among investors that we should be constantly active. Why is the idea so pervasive and what should we do to avoid it? Read: Make Doing Nothing the Default
Buffett and Bezos on protecting your most important asset. Read What Matters In The End?

Pop Quiz

Identify the company.

When his three children were young, he installed a dime slot machine on the third floor of the family’s house. The objective was to convey the dangers of gambling, but it also meant the children’s allowance remained in his hands.

“I could then give my children any allowance they wanted, as long as it was in dimes, and I’d have it all back by nightfall,” he would remark.

Identify this investor.

Hit reply to this email and answer.

Each week, we randomly pick one winner who gets something cool!

Last week’s winner: Amit Gupta

Last week’s answer: Titan

(If you’re reading this on the website and want to participate in the quiz, subscribe to the newsletter.)

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[15-Jul] Market Overview, 5 Good Reads and Sensex 30 PE ratio

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What’s up with markets?

Sensex 30 PE Ratio

Pop Quiz

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