Billionaire investor Howard Marks says investors might not be able to predict the future, but that does not mean they are powerless to deal with it. Citing a memo titled You Can’t Predict. You Can Prepare that he wrote in 2001, Marks said he raised the question about how one can prepare for something that he can’t predict exactly 19 years ago. His answer: “We can do so by recognising that they will inevitably occur, and by making our portfolios more cautious when economic developments and investor behaviour render markets more vulnerable to damage from untoward events." That reasoning, Marks says, suggests a glimmer of good news in the ongoing environment. The co-founder and co-chairman of Oaktree Capital Management said he is bombarded these days with conflicting views regarding the wisdom of rapidly reopening the US economy. Marks says while his view on that topic is of little value, he also does not possess the expertise required to know for sure whose opinion … [Read more...] about What gives Howard Marks glimmer of hope in this tough environment?
Posthumously given to mark welson chua
Political analyst Sanjay Kumar of the Centre for Studies of Developing Societies (CSDS) said the government may want to create a buzz around the demand for building of the Ram temple and scrapping of Article 370 being met, but it also has to address the concerns that the lockdown was ill-planned and the migrant workers have been left to fend for themselves. “We have to see how they carry out damage control on that front,” he said. … [Read more...] about Modi govt set to reach out to masses with list of accomplishments to mark its anniversary
In the 288-member state assembly, party-wise position is as follows: BJP-105, Shiv Sena-56, NCP-54, Congress-44, Bahujan Vikas Aghadi-three, Samajwadi Party, Prahar Janshakti Party and AIMIM-two each, Peasants and Workers Party, Swabhimani Paksh, Krantikari Shetkari Paksh, Rashtriya Samaj Paksh, Jansurajya Shakti Party, CPM, MNS-one each and Independents-13. … [Read more...] about Maha council poll to mark Thackeray’s debut as legislator
Australian shares eased 1.6 per cent on Friday, though gained for the fifth straight week as hopes of a faster-than-expected economic recovery Down Under from coronavirus-induced disruptions outweighed worries of a deepened Sino-US rift. The S&P/ASX 200 closed at 5,755.7 and endured its worst day in two weeks, as markets nervously awaited a response from the United States after China pushed ahead with a new national security law on Hong Kong. Profit-taking also pulled stocks lower, according to OANDA analyst Jeffrey Halley, as dealers cashed in on solid gains booked earlier in the week. That was still a minor blip for the index in an otherwise fruitful week during which it advanced 4.7 per cent, its best performance since the week ended April 10, and hit a two-and-a-half-month high. Australian equities were given a shot in the arm on Thursday by the central bank's estimate that the economic downturn from the pandemic will likely be less severe than initially feared, with … [Read more...] about Australia shares mark 5th weekly gain amid rapid recovery hopes
“I congratulate Prime Minister Narendra Modi and other members of the government on the completion of the successful one year of its second term,” the BJP president said. “This year of the Modi government is full of many achievements.” “This first year of the Modi government’s second term will be known for its tough and big decisions and converting challenges into opportunities,” he said. “Modi implemented decisions which were awaited for decades. These decisions have changed the country’s face.” BJP general secretary (organisation) B L Santhosh described the government as “decisive, caring and visionary”. … [Read more...] about Tough, big decisions marked Modi 2.0 first year: JP Nadda