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A Strong Finish to the Fiscal Year
Freshly Brewed - Market Perspectives from WeekendInvesting Research Desk
Friday, 10 Nov 2023
What can we learn from WeWork ?
WeWork, the shared working space and innovation company, had a meteoric rise and an equally dramatic fall. In just 12 years, WeWork went from virtually zero to a peak valuation of $47 billion, only to end in bankruptcy. This journey offers valuable insights and lessons for investors.
After reaching its peak valuation, WeWork faced a series of challenges that led to its downfall. In September 2019, the company filed for an initial public offering (IPO), which revealed its significant losses. The revelation caused its valuation to plummet from $47 billion to just $8 billion, an 80% decrease within a matter of months.
As an individual investor, the question arises: What would you do if you were in this situation?
Think like a farmer !
Investing can be a complex and unpredictable venture. Just like a farmer tends to their crops, investors must adopt a patient and strategic mindset to achieve success. In a thought-provoking tweet, Brian Feroldi suggests that thinking like a farmer can provide valuable insights into the investment process. This analogy highlights the importance of careful cultivation, adaptation to changing seasons, and the removal of underperforming assets. In this blog post, we will explore how adopting a farmer’s mindset can lead to more fruitful investment endeavours.
An integral part of farming is removing the weeds that hinder the growth of crops. Similarly, in the investment world, it is crucial to remove . . .
WeekendInvesting Daily Byte
Nifty performed well after opening weak today, recovering almost 100 points from the bottom. I think these are very good signs that the Indian market is in strong hands right now.
Overall, if we look at companies like ONGC, NTPC, and several other public sector stocks, they did well today. Some banks also edged up; Axis Bank was up, State Bank was up by 0.2%, and HDFC Bank was up by 0.3%. IT stocks, however, were down with TCS, Infosys, HCL Tech all experiencing a downturn. Hindustan Lever and ITC were up about half a percent. Reliance was muted, and the auto sector was largely flat. So, it was largely a flat to slightly positive day.
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