Happy New Financial Year 2020-2021: Interesting reads

1 April marks the beginning of the financial year. Though this year the deadline of 31 March 2020 has been extended to 30 June 2020 to comply with a the tax saving investments. The lockdown in India has made many of us sit at home. The Hindu New Year that started on 25 March 2020 is an occasion for social gathering and celebration in many parts of India. However, nothing of that sort took place.

Beginning of the financial year has never been a moment of celebration. However the covid19 is making Indians sit tight in the house. This is the right time to look inside, think, read, learn and emerge as a better person. Here are a few good reads for investors:

Morgan Housal of Collaborative Fund writes down an interesting piece on the ongoing lockdown, its similarities or dissimilarities with the great depression and its impact on the investors and businesses. It is an interesting two minute read. You can access it here.

Jitendra Gupta of Moneycontrol has written a very good piece on stoicism –teaching of virtue and virtuous living. The roots of this could be traced to the mention of ‘Sthitpradnya’ ( स्थितप्रज्ञ ) in Bhagavad Gita. Gupta explains stoicism in the context of modern day investing; how it can help investors in times of stress arising out of coronavirus outbreak worldwide and resultant lockdowns. You can access it here:

Bill Ackman, American investor and hedge fund manager recently faced criticism for allegedly profiting from the covid19. It was stated that he intentionally scared investors about corona virus and its implications so that they sell in fear and he makes money on his short positions. He has written an elaborate six page letter explaining his stand. But to make it more to the point and reader friendly, he tweeted out key points. You can read it here.

Happy Reading and Happy New Financial Year.