Newsletter-December 2020

MESSAGE FROM THE BOARD

A New Decade is ahead of us, Welcome 2021

SOCIETY UPDATE

By Meera Siva, CFA 

 


Thank goodness 2020 – the year that felt like a decade – is over. Any description of the year that felt almost surreal…

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COVER STORY 1

“Climate Change: What can Indian Investors do about it?

ESG 

By Labanya Prakash Jena, CFA

 

Why Indian investors should be more worried about climate change than others, and what should they do about it?

Climate change risk is threatening economic growth, food production, and livelihood. The top four out of 5 risks the World is facing…

 

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IN CONVERSATION WITH

In Conversation with Shravan Kumar Sreenivasula, CFA

WEALTH MANAGEMENT

Interviewed by Jyoti Soni, CFA

 

CFA Society India is pleased to feature a very dynamic and seasoned wealth manager, Mr. Shravan Kumar Sreenivasula, CFA as our guest for December 2020 e-newsletter…

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EXPRESS

“Person of the Year 2020”

PERSPECTIVE

By Navneet Munot, CFA

 

Like every year, there were several contenders. Charles Dickens’s immortal lines echo while rewinding 2020: “It was the best of times, it was the worst of times, it was the season of light, it was the season of darkness… 

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‘A New Normal – Happy Samvat 2077’

PORTFOLIO MANAGEMENT

By Anil Ghelani, CFA

 

Diwali greetings to you and your family!! We are entering into the Samvat 2077 with a refreshed sense of cheer. Restaurants, malls, offices and schools are reopening and a few green shoots becoming visible around us.…

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Market Outlook – November 2020

ECONOMY

By Navneet Munot, CFA

 

A second wave of virus in the Western world has become a reality. This along with failed negotiations on fresh US fiscal aid and the uncertainty around US presidential elections…

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Integration of ESG in Valuation – A Summary

ESG

By Labanya Prakash Jena, CFA

 

“The business of business is business.” This statement of Milton Friedman influenced corporates for many decades to focus only on profit generation and shareholders’ value creation, while social and environmental…

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INSIGHTS FROM WEBINARS

#VIP4 2020: The Opposite of a Good Idea by Prof. Sanjay Bakshi

Read summary here…

#VIP4 2020: Value Investing 2020 by Amay Hattangadi, CFA

Read summary here…

#VIP4 2020: “The Ultimate Compounding Machine – Your Mind. How to Train It” by Yen Liow

Read summary here…

Career Insights: Investment Banking in India

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Career Insights: Platformization of Financial Services and the Future of careers in the Investment Industry

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Career Insights: Fixed Income Fund Management in India

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“ESG Integration in Fixed Income in Practice”

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Opportunities and Challenges of ETFs in Asia Pacific: Should We Worry about Systemic Risks?

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SELECTED READINGS

Radical Uncertainty in Finance: The Origins of Probability Theory

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Seventy-Five Years of Investing for Future Generations

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Looking under the Hood of Active Credit Managers

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Maybe Analyst Recommendations Do Add Value

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Radical Uncertainty in Finance: Why Modern Finance Keeps Failing

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Morgan Housel on Greed and Fear, Frugality and Paranoia

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The VIX Index and Volatility-Based Global Indexes and Trading Instruments

Read here…