Shuchi Nahar's Weekend Blog!

This blog is in continuation with the previous blog , this blog contains the further chapters from one of the must read books. Here is the link to my previous post  https://myweekendspot.blogspot.com/2020/02/the-most-important-thing-by-howard-marks.html Shuchi.P.Nahar Chapter 11 Contrarianism There’s only one way to describe most investors: trend followers. Superior investors are the exact opposite. Superior investing, as it requires second-level thinking a way of thinking that’s different from that of others, more complex and more insightful. By definition, most of the crowd can’t share it. Thus, the judgments of the crowd can’t hold the key to success. This is the core of Warren Buffett’s oft-quoted advice: “The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.” He is urging us to do the opposite of what others do: to be contrarians. The logic of crowd error is clear and almost mathematical:...

Book Summary : The Most Important Thing - By Howard Marks Summary by: Shuchi. P. Nahar Brief Introduction about the Author- Howard Marks For twenty years Howard Marks has been educating investors with his “Memos from the Chairman,” and in writing The Most Important Thing, Marks drew from these memos to compile the most important lessons he has learned as an investor. That he is an outstanding investor goes without saying he is also a great teacher and a thoughtful author, and The Most Important Thing is a generous gift to all investors. In The Most Important Thing Illuminated, readers will benefit not only from Marks’s hard-earned wisdom, but also from the insights of three seasoned investors Christopher Davis, Joel Greenblatt, and Seth Klarman and a Columbia Business School adjunct professor, Paul Johnson. The Most Important Thing Illuminated continues the value investing community’s tradition of generously sharing its ideas, insights, and investment wisdom. What...

Why it's Important to have good corporate governance?  Shuchi. P. Nahar Corporate failures prompted interest in the link between corporate governance and  firm performance. The relation between corporate governance and firm performance has been  the subject for many extensive studies in the last decade.  Corporate governance term has many theoretical and empirical definitions in the  literature. There is no universally accepted definition of corporate governance since it can be  seen as a narrow or broad subject (Solomon, 2004).  Need of Corporate Governance: The need for corporate governance has arisen because of the increasing concern about the non-compliance of standards of financial reporting and accountability by boards of directors and management of corporate inflicting heavy losses on investors. The collapse of international giants likes Enron, World Com of the US and Xerox of Japan are said to be due to the absence of good cor...

The Union Budget 2020  (Some Important aspects to know from Budget 2020) Shuchi.P.Nahar The slowdown in economic growth has appeared to have bottomed out and is expected to pick up in 2020-21, according to Budget documents. The document further said the prospects for the Indian economy in 2020-21 need to be assessed in the light of emerging global and domestic challenges and opportunities. Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures. Three prominent themes of the Budget  • Aspirational India - better standards of living with access to health, education and better jobs for all sections of the society  • Economic Development for all - 'Sabka Saath , Sabka Vikas , Sabka Vishwas'. • Caring Society - both humane and compassionate; Antyo...