My 2 cents on Jane Street incident:-
1. Pure manipulation driven by excess control on the overall trading volumes ~35%.
2. Volume capping should be introduced by exchanges to make this fair play for everyone including retail.
3. If you are really smart. Play it fair and win.
Today market has just ripped off all IT services haters. Guys you need to understand that they are all cash rich companies and can acquire innovative product companies to bring in growth at any point of time.
Here is my take on Indian IT
1. Good buying opportunity into cash rich dividend yielding companies with an expected ROI of 20+CAGR for next 5 years.
2. Any new technnology like AI is a capex cycle for IT which will result in higher revenues in future.
My own take on the market.
1. Small cap premium is significantly high with respect to Large caps in the same sector doing similar business just at a lower scale.
2.Prefer Commodities over equities for next 12 months.
3. Opportunities do exist in equities but very few.
Launching a reasonably good startup is 10x easier than it used to be 2 years ago.
Any new startup could just use all the new AI tools and products to launch really quickly and cheaply.
A sample stack:
- build a functioning website (Replit)
- find target customers (Openmart)
-…
Commodities and commodities.
Buy any and buy as much as possible.
Everything will become expensive by 2030 and all commodity miners and producers will make money beyond their dreams.
Just have a long term horizon.
Thousands swear by the tips to unf*ck themselves in the 30 books. I gave it a go to see what all the fuss was about.
Has any of the books on the list helped YOU improve your life? Comment below!
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