Laughing Stock

Game on

We look at airlines, stock-picking, market volatility and the US banking crisis

Game on

A friend of mine didn't know that gaming companies make money. Yeah, he thought the most a game could gross was $500 million. Bless their heart, they're as clueless as a frog in a sock! But in case you're in the same boat, let me enlighten you: GTA V has grossed $7.7 billion, more than Avatar and Avengers: Endgame combined. And the gaming industry is bigger than both the movies and music industry combined! Some people are still living in the Stone Age and haven't realised that the gaming industry is a big, juicy pie that everyone wants a piece of. Microsoft is even willing to drop $69 billion to acquire Activision, and that's not just a flex, it's a sign of the times.

So, the next time someone questions your choice of spending hours playing video games, just tell them that you're not wasting time, you're actually helping an industry grow. And if they still don't get it, just remind them that the frogs in their socks need entertainment too. Onto the memes now!

Take any mutual fund portfolio, these two stocks will be there. Large cap? Yes. Mid cap? Yes. Small cap? Yes. At this point, we wouldn't be surprised if we see these two in debt funds (yes we know debt funds will hold their bonds).

Go First bites the dust. Jet Airways is far away. Spice Jet has constant troubles (I couldn't find a rhyming word. I'm sorry). But Indigo? How does it even do that? The airline has 300 planes and remains profitable while these small companies go bust. Simply can't understand.

Why do cyclical stocks trade at low P/E? Not because they are undervalued but because the cyclicality and unpredictability is already priced in. While sometimes it may be true, often a low P/E always has a reason behind it.

'Tis the result season, which also means it is the time when investors panic sell when the results are not good. Don't do that. Hold on to the stock if it has good fundamentals. It will yield you great returns. Also, see how this is the third meme with the same characters? Recommendation time. Invincible is amazing.

Do you know when was the last time the US witnessed such huge bank failures consistently? Back in 2008-09. That's right, the 'you know what' period. I just hope we don't revisit those memories again (I have no memories. I was in primary school at that time).

We get it, lower realisations. But, this low?. But you know what? It has beat the estimates. It means we should have seen it coming.

Even if you randomly choose ten stocks from the BSE 100 index, your portfolio will likely perform better than most others, given how poorly some people select stocks. Although we can promote our Stock Advisor service, which has consistently outperformed the overall index, if you struggle to choose stocks, it may be best to be an index investor. Even Warren Buffett concurs.

Profiting off of people's financial illiteracy has to be one of the worst things ever. There may be an argument, "people are greedy, that's their fault". So is it okay to fraud people now just because they want better returns? Both are not acceptable.


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