anusmit

Occasional Hiker! Occasional FinTwit! in HK... Views personal..usual retweeting disclaimer!

[Shruti @heyshrutimishra]

MIT University just released free online courses.

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Here are 10 courses you don't want to miss in 2024:

[anusmit @anusmit1]

@abidsensibull Yeah but I don’t get why a rich person not spending and driving a sub 15 Lakhs car is a great thing one way or the other! Your money you spend on what you want to. Looks like being/appearing humble is also an aspiration.

[anusmit @anusmit1]

@_ThirdSide_ Yeah it’s tiny and frankly inconsequential. Ppl wanted a reason to trim or short I guess and markets been volatile since chinas politburo announcements

[anusmit @anusmit1]

@_ThirdSide_ Converter business??? It’s unorganised to organised. It’s play on capex and construction. It’s almost …. Paints well distemper

[Chamath Palihapitiya @chamath]

There was a lot of ink spilled and dollars wasted over the past few months betting on the likelihood of a “hard landing” for the US economy in 2023.

As we’ve been saying on @theallinpod, however, the more likely outcome would be the opposite: a soft landing. A soft landing is one in which US growth slows (but doesn’t crater), endures a few more rate hikes in 2023, a market that finishes the bottoming process that it started in Nov-21 and sets itself up for a sustained forward looking rally and a 2024 where rates can slowly be cut and the capital markets re-open.

In other words, the next few quarters are probably the last few innings of our process of unwinding ZIRP for the foreseeable future - resetting terminal rates higher and resetting liquidity much lower.

Anyways, it looks like the hard-landing crowd has begun to capitulate and is now seeing the world similarly to how the soft landing crowd sees it (see below).

So what will this all mean?

Well, market sentiment is never an absolute argument but a relative argument. Meaning, most professional money people need to be mostly invested, most of the time somewhere in the world - so when they hate one market, they are usually forced to find another they may hate a little bit less.

And with China entering a turbulent period where they will try to stimulate their economy and Europe slowing and likely in a recession (if they aren’t already), it leaves the US pretty much standing alone.

All of this considered, the setup for US equity markets seems pretty good. Especially as we look past 2023/2024 and focus on the US economy and earnings in 2025/2026 and start to like what we see…

[anusmit @anusmit1]

@_ThirdSide_ Excuse me! They are fully EV without capex and giving back dividends in *checking my watch*

[anusmit @anusmit1]

@_ThirdSide_ Ha ha

[ThirdSide @_ThirdSide_]

But, don't fret - Page management has already connected with leading NBFCs. They are also launching a Buy-Now-Pehno-Later scheme. Analysts remain upbeat on the upcoming replacement cycle

[anusmit @anusmit1]

@_ThirdSide_ Ha ha gold

[anusmit @anusmit1]

@_ThirdSide_ Sebi isn’t at fault … panel is right!

[Vishal Bhargava @VishalBhargava5]

The unknown Parsi family that could’ve been India’s richest

Tatas, Wadias, Godrej, Mistrys etc – these are the wealthy Parsi families most people are aware of

But there is one family that could have been richer than all of them

The Dinshaws

[anusmit @anusmit1]

@_ThirdSide_ If El Niño happens I thought it means more rains in the americas and less in Asia UPL benefits that way no?

[anusmit @anusmit1]

@_ThirdSide_ Spot on!

[anusmit @anusmit1]

@_ThirdSide_ Ab sab girenge

[anusmit @anusmit1]

@_ThirdSide_ Maybe but we did come down from target multiples at 30x to 20x being probably fine in the last year

[anusmit @anusmit1]

@udaytharar Look at how low the US is

[anusmit @anusmit1]

@cheung_le @tripperhead Ditched it as soon as the rule shifted. Reason constantly wearing and taking off the mask and putting it in your pocket or sleeve won’t stop anyone from catching Covid anyway. We don’t wear fitted masks like doctors do and dispose when done