Equity Edge

01/11/2020

"And what will you teach them" - asked the books

”What you couldn't”

26/10/2020

19/10/2020

CM: On the last day of a family ski vacation in Sun Valley when I was fifteen or so, my dad and I were driving back in the snow when he took a ten-minute detour to gas the red jeep we were driving. He was pressed for time to have our family catch the plane home, so I was surprised to notice as he pulled into the station that the tank was still half-full. I asked my dad why we had stopped when we had plenty of gas, and he admonished me: “Charlie, when you borrow a man's car, you always return it with a full tank of gas.”

My freshman year at Stanford, an acquaintance lent me his car, more because friends we had in common twisted his arm than that he knew me all that well. The tank was half-full, and the Audi Fox was red. So I remembered the jeep and topped the tank before I brought the car back. He noticed. We've had a lot of good times since, and he stood as a groomsman at my wedding.

After Stanford, I learned that on that vacation we had been staying at Rick Guerin's house and driving Rick Guerin's jeep. Rick is one of my dad's friends who, on his return to Sun Valley, certainly wouldn't have been troubled, and was unlikely even to notice, if his jeep had less gas than when he left it. My dad still didn't skip a point of fairness and consideration. So I was taught that day not only how to get a good friend, but also how to keep one.

Charlie Munger Almanack book

09/10/2020

For study purposes only

01/05/2020

https://www.equityright.com/new-fdi-rules-not-for-taiwan-inflow/

New FDI rules not for Taiwan inflowsIn a developing country like India, the existence of Foreign Direct Investment (FDI) is requisite

01/05/2020

https://www.equityright.com/gold-set-for-best-month-in-4-years/

Gold set for best month in 4 years On 30th April, the gold prices had a surge, en routing to its best month in the last 4 years

01/05/2020

https://www.equityright.com/just-dial-announces-buyback-of-shares/

Just dial announces buyback of shares Buyback is a process of repurchasing the shares of the company. It is done by paying the market value of shares

30/04/2020

https://www.equityright.com/rbi-introduces-operation-twist/

RBI introduces Operation Twist The Reserve Bank of India (RBI) came up with a bond-swapping programme and coined it as Operation Twist

30/04/2020

https://www.equityright.com/effects-of-covid-19-on-cryptocurrency-market/

Effects of Covid-19 on cryptocurrency marketCryptocurrency is a digital currency secured by cryptography which is not issued by banks or governments.

30/04/2020

https://www.equityright.com/production-target-makes-cil-stakeholders-anxious/

Production target makes CIL stakeholders anxiousCoal India limited (CIL) contributes more than 80% of coal production in India.

29/04/2020

https://www.equityright.com/mergers-and-acquisitions-to-rise-post-covid-pandemic/

Mergers and acquisitions to rise post Covid pandemic India's startup sector may see a huge rise in mergers and acquisitions

29/04/2020

https://www.equityright.com/airtel-signs-deal-with-nokia-as-they-prepare-for-5g-era/

Airtel signs ₹7,636 crore deal with Nokia to get ready for 5G The high demand and growing usage of internet has made Bharti Airtel to adopt -