KBC 2020, A New Format 🆕 & TL;DR
New Format and interesting take on "LifeLines of KBC"
Hola, 🙌
Welcome to a new edition of our newsletter W.T…Finance.
What’s changed: We are less preachy, more informative and use substack as a platform to deliver it.
So here we go
Let’s tickle your brain!! 🧠
Did you know the oldest company in India is more than 310 years old!
What is the name of this company/conglomerate?🧐
For answer keep scrolling down
Numbers that matter to us📈📊
Numbers which we want at the top of our minds. No mind-numbing charts, ratios or trends which don’t add any value usually
TL;DR- Best of Twitter threads, podcasts, and blogs
Enjoy the best reads as we curate things for you.
Twitter Thread on companies with really clever symbols. Our favs are
RACE: Ferrari !! & CRM: SalesForce. 👏👏
These two blogs by Morgan Housel on Risk. Three Sides of Risk and Acceptable flaws. Read everything which he writes.
We mentioned this on our Linkedin page, this documentary on Warren Buffet 🎦tells you what it takes to be like him.
Considering the sudden number of people opening accounts with stockbrokers Black Edge 📖on the biggest insider trading scandal is an apt read. No easy money folks.
Trending in Finance
KBC is Back 🎊🎁🎉
KBC registrations are open for 2020, and as per google trend numbers, they are the top trending search in Finance Category.
Don’t we love games and lottery than say boring investments :)
One of the things which have always been fascinating is the lifelines which a user has during the game. These lifelines like Fifty-Fifty, Double Dip, Phone a friend our often truly the lifeline of the show. However, all these are not just random ideas or marketing plays. They usually have probability and robust consumer research behind them
As an example, let’s compare the winning chances of Fifty -Fifty and Double Dip.
Fifty-Fifty allows you to eliminate 2 of the wrong answers, whereas Double Dip will enable you to pick answers twice. Looks similar, eh!! Let’s look at numbers once though
Fifty-Fifty: Since this eliminates two wrong answers, the remaining options have one right and one wrong. The probability of getting the right answer thus is 50% (1 out of 2).
Double Dip: The first chance of being correct is 25% (one from four). Suppose that goes wrong so now three answers are left. The probability now of correct answer though is 33% ( 1 from 3) in both cases lesser than Fifty-Fifty.
Considering the times, we hope Fifty -Fifty is back!! We need a higher probability of happiness.
Chart of the week: How credit card spends are falling 😞
The investor presentation of SBI shows the overall falling trend of card spends which also indicates that demand has crashed
As the lockdown opens, it will be interesting to track this figure to see if the demand revives or not.
Remember the top 1.5% of Indians by Salary ( who also have credit cards) drive pretty much the whole demand for Indian economy.
If they don’t start spending, which will reflect on credit card spends no matter what stimulus the economy won’t revive.
Answer to question:👍
The group is the Wadia Group. The group was founded by ParsiLovji Nusserwanjee Wadia in 1736. It today has 3 companies which are more than 100 years old.
Bombay Dyeing - Established in 1879.
Bombay Burmah Trading Corporation - Established in 1863.
Britannia Industries - Established in 1918.
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Keep Smiling and Stay Safe!