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[Newsletter] Letter from Fund Manager, 5 Good Reads and Market Overview

Jul 22, 2023

Market Overview: Top Indices & Asset Classes
Letter from Fund Manager: Deepak Shenoy writes
Good Reads: 5 good reads on investing & finance
Pop Quiz: Answer and win a cool prize!

What’s up with markets?

The Nifty 50 index inches higher and attains a new peak. Despite street expectations of reaching the 20,000 mark on the Index, it didn’t materialise. Over the past year, Silver has delivered an astonishing 36% growth, while Gold has also performed admirably, showing an 18% increase.

Once again, PSU Bank stocks are at the forefront this week, while IT stocks face the pressure due to Infosys’ subdued guidance. It will be intriguing to see when the IT sector rebounds from this situation.

Letter from Fund Manager

Quite regularly Deepak Shenoy, Fund Manager & CEO, writes to Capitalmind PMS Customers about his thoughts on the markets and shares an update on portfolio performance.

We take out an excerpt from these letters and publish on the website.

Read: Wealth Letter July 2023: It’s raining new highs

What we are reading

Here’s a podcast explaining the different ways investors make money in the market. Listen in: Stock market returns are lumpy. Get used to it – Capitalmind
At the heart of investing is understanding why something is mis-priced. Read: 3 Investing Patterns That You Should Know
Five pieces of career advice, shaped by economics, psychology, and a little bit of existential math. Read: Your Career Is Just One-Eighth of Your Life
Famed investment manager, Howard Marks, believes each investor should have a notion of the right balance. Read: Howards Marks on balancing aggressive and defensive investing – Part 2
Here’s a transcript of a conversation between Warren Buffett, Shawn Carter (Jay-Z), and Steve Forbes where they discuss topics ranging from investing to hip-hop and everything in between. Read: Letter #98: Warren Buffett, Shawn Carter (Jay-Z), and Steve Forbes (2010)

Pop Quiz

Identify the Indian company.

Connect these brands

Hamleys
Steve Madden
Pottery Barn
Jimmy Choo
Burberry

Hint: This company was in news recently regarding buyout of minority shareholders.

Hit reply to this email and answer.

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

Last week’s winner: Pradeep

Last week’s answer: Warren Buffett

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

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[Newsletter] Letter from Fund Manager, 5 Good Reads and Market Overview

🔆 Saturday Coffee Newsletter

What’s up with markets?

Letter from Fund Manager

Pop Quiz

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