Inspirational Reading
SHORT READS
Each week, we share interesting articles and blog posts from our favourite sources.
The full collection of the Nomad Investment Partnership Letters to Partners
This collection of letters from Nick Sleep to his investors at the Nomad Investment Partnership is mandatory reading for anyone that aims to be a successful long-term investor. Written in a unique, down-to-earth style, these letters are full of wisdom, knowledge and insights from one of the greatest investing minds of our times. We recommend setting aside a weekend to get through them - they cover more than a decade's worth of letters (2001-2014) - but they are well worth it. Enjoy!
Link to original letters: https://igyfoundation.org.uk/wp-content/uploads/2021/03/Full_Collection_Nomad_Letters_.pdf
Why is the stock market not reflecting current economic realities?
This article from Finshots addresses one of the most common questions today - how is the stock market hitting all-time highs when the economy is still recovering to pre-pandemic levels? Is this a good time to invest or are we due for a correction?
Read the full article here: https://finshots.in/markets/why-is-the-stock-market-not-reflecting-current-economic-realities
India’s Top 20 Leviathans’ Awe-inspiring Dominance
The top 20 profit generators in India (“the Leviathans”) now account for 90% of the country’s corporate profits. Beyond dominating the country’s profit pool, the Leviathans also reinvest these profits far more efficiently back into their businesses. By doing this over the last 25 years, the Leviathans have also widened the RoE gap between them and India Inc. Anyone who wants to succeed in the Indian stock market should therefore be focused on: (1) assessing how long the current Leviathans’ dominance can last; and (2) identifying the next generation of Leviathans.
Read the full article: https://marcellus.in/blogs/indias-top-20-leviathans-awe-inspiring-dominance/