Snapshots That Wow!

Sona kitna sona hai!

“India’s gold imports rose to $10.06 billion in August, a new all-time high.

Demand has soared after import duties on gold were reduced by 9 percentage points to 6% by the Indian government at the end of July.

India is the world's second-largest buyer of gold, particularly in jewelry form.

Rising demand and major central banks cutting rates are pushing gold prices higher, now up 28% year-to-date and at new all time highs.

Appetite for gold has never been stronger.”

Source: Kobeissi Letter

Not a “zero” sum game

It is a normal distribution curve alright, but the bell peaks around a one lakh INR annual loss and not zero!

Aggregate trading losses for Indians only in F&O segment now at 0.25-0.35% of GDP in FY24.

Source: SEBI

Profits, the only language of business

“Duolingo generates nearly all of its revenue from less than 9% of its users.

In Q4 2020, only 4.4% of $DUOL's MAUs were paying customers, which has now risen to 8.6%. This increase has positively impacted both revenue and margins, with adj. EBITDA growing from 6% to 27% over the same period.”

Source: Quartr

Vaah Taaj

A transformation crafted in part due to intent and in part due to industry tailwinds; a transformation so staggering nonetheless- that it evokes a Vaah Taj! from all of us! 15% made on owned real estate assets is unreal.

Source: Indian Hotels Presentation, Alpha Ideas

(I)nitial (P)op (O)ffering

Investing in the next big thing hasn’t fared well for most tech IPO investors despite the rally seen in technology sector in the US.

Source: CB Insights

Mandatory Homework for January

Now that tickets have been bought, everyone is streaming the music :P

Source: Pop Crave