Sinewave Securities

Key Terms in Lending Sector Cost of Funds and Net Interest Margin  – As banking works on lending the capital, earn the difference principle, lesser the cost of funds, more will be the difference. Thus difference post expenses is known as Net Interest Margin i.e. the amount of money that a bank is earning in interest on loans compared to the amount it is paying in interest on deposits.

Philip narrates how he got into the markets from a school boy desperate to buy a share, to managing Fisher and Co. The book is divided into three parts, part one being common stocks and uncommon profits, part two conservative investor sleep well and part three developing an investment philosophy. PART I Common stocks and Uncommon profit Chapter 1 Clues from the past This chapter outlines what changes were made in the market in the last century from coming up of FED to banking regulations. Fisher found out that what works is finding great companies and staying with them for an extended period of time. He explains business cycles, management’s vision, depression, inflation, unemployment, deficits, bond yields and other basic terminology which takes up substance from the past. He lays down all these points to provide two conclusions: To explain timing of markets in this complex economical environment in very difficult. More opportunities are available today than it was 50 yea...

Stocks to Riches Parag Parikh was an ace equity investor and founder of PPFAS Mutual Fund (India's leading mutual fund house). His fund has outperformed broader markets for an extended period of time making it one of the most successful fund house of country. The book Stocks to Riches is beginner's guide to stock market, how markets work and how people perceive it to work, behavioral finance, mental models and investor psychology. Mr. Parikh wrote this book in 2005 after the dot com bubble, and Asian economic crisis when the Indian equity market was about to enter a bull run. It is divided into 11 chapters, starting from the basics and gradually moving towards an investor’s behavioral insights.

 𝗔 𝗖𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻 𝘄𝗶𝘁𝗵 𝗖𝗵𝗿𝗶𝘀 𝗠𝗮𝘆𝗲𝗿 –Moderated by prof. Sanjay Bakshi. He talks about focusing illusion –whatever you are looking or thinking at the time has outsize support in your mind comes. Prof. Bakshi brings up a few questions from Chris Mayer’s book 100 Baggers.