[Newsletter] Analysing Smallcap 250 correction, 5 Good Reads and Market Overview

🔆 Saturday Coffee Newsletter

• Market Overview: Top indices & asset classes
• Market Trend: Analysing the steep fall of Smallcap 250 Index
• Good Reads: 5 good reads on investing & finance
• Pop Quiz: Answer and win a cool prize!

What’s up with markets?

While mid and smallcase struggled really hard, Nifty 50 had a nice week with a 2% gain. Crude continues to move up and has now touched $94. Gold ended flat this week.

While key market indices are near ATH, let’s see how the general valuations are.

Analysing the steep fall of Smallcap 250 Index

The Smallcap 250 index fell nearly 4% on 12 September, 2023. Its last proper fall was -4.4%, 9 months ago, on 23 Dec, 2022. Between those two dates, it is up 40%.

• What happens after such one-day falls?
• How long does it take to recover from such falls?

​Anoop Vijaykumar, Fund Manager at Capitalmind, explains.

What we are reading

• Billions of dollars in value are wasted every year by people doing the high-status thing they wish they felt compelled to do instead of the weird, low-status thing they actually want to do. Read: ​Admitting What Is Obvious​
• Corey Hoffstein shares lessons and ideas from his 15 years of investing journey. Read: ​15 Ideas, Frameworks, and Lessons from 15 Years​
• Do you have what it takes to be a successful investor? Check out some important traits of a successful investor here. Read: ​The Most Important Traits of a Successful Investor​
• Morgan Housel says “The higher my desire for fancy stuff, the less real value I have to offer.” Read ​Respect and Admiration​
• Technological change! It is all around us, but do we really understand it? It always seems to take us by surprise. How do we make sense of it? Read: ​Understanding Change – Second Half of the Chess Board