The holiday season is here! It brings such cheer and joy along with it. It is an opportunity to review the crappy year that has just gone by and plan for a better one next year. As a little Christmas present from us to you, this newsletter carries a section titled, "Where is our money invested?". We hope that it gives you new ideas on how to think about your money. We have also compiled a list of 10 finance related movies that we highly recommend you watch during this break 🙂
oh, by the way, this is the last time you will hear from us this year. We are heading out on a road trip to a little beach town to blow off some steam. So...
IN TODAY'S NEWSLETTER
News in brief
How capitalism gave figure to Santa Claus
Cover story - Where is our money invested?
In case you missed it : Let's play a money game, shall we?
Top 10 finance related movies to watch this holiday
Gold (per gram)
NEWS IN BRIEF
SEBI introduced the Institutional Trading Platform (ITP) in 2015 to encourage start-ups backed by institutional investors to go public. This received little response. So, in 2019, SEBI introduced the Innovators Growth Platform (IGP), a stripped-down version of ITP, which also did not receive enough response. This week SEBI announced that it is planning to relax the norms even further. What will it be called this time?
Market rally shows no sign of cooling down with stock prices hitting all-time highs. Bajaj Finance hit an all time high of Rs.5,152 this week. Its price has almost tripled compared to its 52-week low it hit in May this year. Bitcoin on its part surpassed the $20,000 mark this week for the first time. Anyone who remained invested through this year has made money. Literally anyone.
World Bank this week approved 4 India development projects. $400M is being set aside to provide support to COVID hit households. This is the second of such program with the first one ($750M) approved in May 2020. The other 3 projects include CHIRAAG ($100M), which will support agricultural growth in Chhattisgarh; a $68M project, which will provide learning resources in Nagaland and a $250M dam improvement and rehabilitation project.
Real Time Gross Settlement (RTGS) is now available 24 x 7 x 365. It was made effective from this week. India is now part of the elite club of countries that have real time settlement.
Wistron, a Taiwanese iPhone manufacturing company’s Karnataka factory was vandalised by its own employees last week.The company had initially claimed to have suffered losses of around ~Rs 430 crores. However, after allegations of exploitation of workers by delaying and reducing their salary, the company reduced its loss estimate to ~Rs.43 crores. Somebody probably just thought it'd be funny to add an extra 0 to the loss figure. Well, it was not.
IN LESS THAN A FEW HUNDRED WORDS
How capitalism gave figure to Santa Claus
Have you ever wondered what Santa Claus really looked like? Image Foundry, a UK partnered Indian firm which specialises in CGI, used Artificial Intelligence to create an image of Santa using X-ray and measurements data provided by the Vatican. This is what he really (probably) looked like.
Not even close what you imagined, eh? Well then, how did he end up looking like this?
There is a perfectly good explanation for this, and it has got to do with capitalism. Surprised? Saint Nicholas, the real Santa Claus, was a Christian saint who lived around 300 A.D in modern day Turkey. He was made popular in Europe by the Dutch who called him Sinterklaas. And those Dutch immigrants who took this idea to America turned that name into Santa Claus, as we know him today. Saint Nicholas was a very generous man who left gifts secretly at the doorsteps of the poor. Legend goes that he rescued 3 girls from being sold by their father by dropping a sack of gold coins into their house. And this is why the gift giving tradition during Christmas.
Clement Clarke Moore, published a poem in 1823, titled ‘A visit from St. Nicholas’, which portrayed the saint as a jolly old man with a big belly and a cheerful attitude. The poem narrates the story about a family which is settling down to sleep on Christmas eve when the father hears something on the lawn outside. Lo and behold, it was Santa Claus in an airborne sleigh and 8 reindeers, trying to squeeze in through the chimney carrying a sack of toys for the kids. And that’s why the sleigh and reindeers.
But what about the costume? Well, Saint Nicholas was a bishop. So, he most probably wore a robe during his time. Was it red in colour? We don’t know. But it wasn’t until 1881 that a robe came to be associated with Santa. Thomas Nast a popular cartoonist who worked for Harper’s Weekly in New York, published this infamous cartoon image of Santa Claus wearing a robe in the January 1, 1881 edition of the weekly newspaper. His robe was initially tan in colour, but he slowly made revisions to it and finally it became red.
And after that, it was good old capitalism that propelled the image forward. In 1931, Coca-Cola hired Michigan-born artist Haddon Sundblom to design advertisements feature Santa Claus. Haddon drew Santa Claus donning a red-and-white suit that conveniently echoed its own product's colours.
And that’s how capitalism gave figure to Santa Claus!
GAME : THE PRICE IS RIGHT
This is the Uboard electric scooter. With a top speed of 25 Km/h and a total range of 30 Km per charge, electric scooters like these are changing mobility in cities in Europe. The manufacturers say it is ultra light weight (who knows) and comes with a companion app which measures ride statistics, customisation and firmware upgrades. Your job, it is guess its retail price!
Where is our money invested?
When you get investment advice of any kind from anyone, the very first thing that you should say to them is this – “Thank you for your advice, now show me where your money is invested” 🙂
Given that we have been giving out an awful lot of investment gyan over the last 13 weeks, it is only fair that we show you where our money is invested. Hopefully, it will prove that we take our advice to you quite seriously. But also give you a mental framework when you start thinking about your investments.
Disclaimer: This is not a solicitation to invest, it is merely an educational column.
Asset Class Perspective
Read more to find out our rationale behind this investment strategy and how we are making improvements to our portfolio as we go into 2021.
That's what UBOARD's electric scooter will set you down by when bought from Amazon. It is a cool gadget. But the only problem is that government's are struggling to figure out how to regulate them. Will drivers need a license? What about helmet? Can we do doubles on it? Triples? Triples and a baby by the mother's waist?
TOP 10 FINANCE RELATED MOVIES TO WATCH THIS HOLIDAY
Holidays are best spent with friends and family, eating and drinking, chatting and laughing – Or simply watching Netflix! If you said Amen to that, here is a list of our favourite finance related movies. For full description and links, click here.
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