{"id":110921,"date":"2025-02-26T09:34:09","date_gmt":"2025-02-26T09:34:09","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/looooooooong-full-house-saturday-equity-mumbai-workshop-sept-14-2019\/"},"modified":"2025-02-26T09:34:09","modified_gmt":"2025-02-26T09:34:09","slug":"looooooooong-full-house-saturday-equity-mumbai-workshop-sept-14-2019","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=110921","title":{"rendered":"Looooooooong Full House Saturday Equity Mumbai Workshop Sept 14 2019"},"content":{"rendered":"


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It was a looooooooong,should have held it over two days,\u00a0 Full House Equity Workshop in Mumbai on Saturday,September 14,2019 with a whole spectrum of smart participants that made for really invigorating interaction ~they came from Mumbai,Gurgaon & Pune ~ from young upwardly mobile grads & post grads from top ranked Management Institutes in India,UK (London) & USA(Harvard) to \u2018 well tuned in\u2019 professionals from the IT ,Consultancy,Broking,Corporate & Banking Sectors to veteran high networth investors . We commenced at 9.30 am & concluded well beyond 7.30 pm ~ \ud83d\ude42 should have arranged dinner too<\/p>\n

Thank you Guys !<\/p>\n

Here are a few candid clicks from the Workshop :<\/p>\n

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The Coverage was expansive & the Interaction from Participants very intelligent & which opened out many threads that we examined with anecdotal support . When analysing a company ,they asked what is \u201cNon Negotiable\u201d &\u00a0 \u201cHow to have Foresight as on Hindsight we are always right\u201d<\/p>\n

Really a lot was covered ,some of which is below\u00a0 :<\/p>\n

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  1. Examining the Equity Table\u2019s four legs of Valuation,Liquidity,Momentum & Sentiment & the Impact of FPI Flows ~ when Valuation,which should be the strongest leg,sometimes takes a back seat as Liquidity or even a lack of it drives the momentum & sentiment<\/li>\n
  2. \u00a0Not getting Seduced by any Bounce at\u00a0 Friday closing Sensex 37385 & Nifty 11076 Levels as Caution is strongly indicated by domestic & overseas economy & geo-political headwinds<\/li>\n
  3. Negative Interest Rates Era vs the Magic of Compounding in such meltdowns<\/li>\n
  4. Sensex & Earnings & Market Cap & low GDP growth Dynamics on Levels & Valuations ~ Past,Present & Forward & why downside risk remains wide open while the upside appears capped for now ~ we referred to 1991\/92 abnormally high Sensex PE pre Harshad Mehta Scam exposure & the High PE in 2000 with Ketan Parekh was in action & where the markets were clearing running ahead of fundamentals by huge margins~ we referred to the Sensex PE of just 6 in the late 1980s when VP Singh was the PM 1988~ we covered Mkt Cap\/GDP Highs pre Lehman collapse in 2007\/8 & the levels now<\/li>\n
  5. Fx Reserves\u00a0 & Exchange Rate Risk &\u00a0 the Risk of increasing Sovereign Debt as planned by Government ~ How our Rupee has always had a South trajectory,except when it soared from Rs 49 to the US $ to Rs 39 to the US $ creating havoc especially in the Diamond Sector<\/li>\n
  6. Why Inversely co-related Gold & US $ are moving up together instead<\/li>\n
  7. Turm-Oil & Impact on Fiscal Deficit & Rupee\u00a0 like last happened in 2007\/8( On Saturday at the workshop we were not yet clued in to the Drone Attack on the Oil Refinery in Saudi Arabia that saw Oil Prices dangerously soar 20% in spot) ~ India is hugely dependent on Oil Imports<\/li>\n
  8. Interest & Inflation rates<\/li>\n
  9. Trump ~ Not sure if he\u2019s a macro or micro factor !<\/li>\n<\/ol>\n