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Investors who adhere to the contrarian investment philosophy can find resonance in the experiences of Bruce Flatt, CEO, Brookfield Asset Management. In contrast to many of his counterparts, Flatt refrains from hastily investing in the latest trendy stocks or assets. His approach involves going against the prevailing market sentiment and making bets that diverge from the crowd. This strategy demands more effort than simply buying when others are selling. At its core, this seemingly straightforward approach entails a significant investment of time, rigorous research, and a considerable amount of patience.

₹49 trillion in November, led by impressive growth in equity funds amid bullish market sentiment and strong inflows. Equity assets (including index funds) in November were up 32.3% from a year earlier. Since January, equity-oriented schemes have seen net inflows of ₹1.4 trillion, a tad lower than ₹1.5 trillion in the same period a year ago.

Click here to read the full report Apple has begun ramping up production of its Vision Pro mixed reality headsets at the company's facilities in China in recent weeks, with the goal of having customer-bound units ready by the end of January, while the headset could be launched in February, Bloomberg's Mark Gurnman noted in a recent report, citing sources. However, the report noted that last-minute production problems and other issues could derail the planned launch schedule.

Soboroff, who bought the New York Yankees Hall of Famer's typewriter in 2011, found the little pieces underneath the keys while cleaning it. Soboroff also unearthed childhood photos of Ernest Hemingway in the writer's 1926 Underwood Standard Portable. But greatest discovery with these machines — and others, including typewriters belonging to Maya Angelou, Tennessee Williams, John Lennon and Shirley Temple — was a historical connection to great people. «These are really hard for me to give up,» Soboroff said on a video call last week. After 20 years of assembling what may be the greatest typewriter collection in the world, Soboroff is putting all 33 of his beloved machines up for auction.

Bitcoin stormed back with a more than 160% advance this year that added some $530 billion to its market capitalization. In its wake, myriad smaller tokens ranging from Sam Bankman-Fried-backed Solana to dog- and frog-themed memecoins took off as investors embraced risk again. An investor who bought $100,000 of Solana at the start of 2023 would now be sitting on a more than $800,000 gain. Underpinning much of the bonanza is optimism that US regulators will soon give their first blessing for an exchange-traded fund that invests directly in Bitcoin. Investors will find out by Jan. 10 if that bet, which crypto bulls consider a near-certain winner, pans out. Read more: Countdown for Bitcoin ETF Decision Is Reaching a Critical Point

Non-commercial traders — a group that includes hedge funds, asset managers and other speculative market players — boosted their bearish bets on the greenback in the week ended Tuesday, according to CFTC data compiled by Bloomberg. More than 39,000 contracts are now tied to expectations the US currency will fall, up more than 10,000 from a week ago when the Fed was preparing to meet, the data show. The currency has suffered a pronounced slump in the wake of that confab, when the Fed released updated economic projections forecasting additional monetary easing next year.

2023, year-to-date, yellow metal's gains are not its best in the last 10 years. The top returns were delivered by it amid the Covid virus break in 2020 at 28.23%, highlighting why it is the best hedge in uncertain times. Commenting on yellow metal's performance, Palka Arora Chopra, Director, Master Capital Services said that gold failed to beat other asset classes this year, despite outperforming initially and hitting lifetime highs.

Ashi Anand, Founder & CEO, IME Capital, says “we are seeing a larger risk on trade, FII flows are starting to come back in. It is really the context of the current strength in metals. But from a slightly longer-term perspective, the Chinese economy is really struggling and importantly, it is the housing sector in China which is really struggling the most. Just two days ago, a Chinese developer went bankrupt. Now, China has been the core driver of global demand for metals and if the biggest demand driver is really going to be weak, it is really difficult to build any kind of longer-term fundamental call on at least the core metals.” A lot of interest in the IPO market and considering you track this space closely, any business that you have liked, any IPO that you have subscribed to? Ashi Anand: Yes, we are tracking the IPO space. There are certain interesting IPOs coming up. There are certain D2C brands which are coming up. There are certain other digital platforms. So, it is a space that we are tracking. The only problem is the IPO market is probably a bit too hot. Participation is probably being too high. There is a large amount of IPOs which probably are not of that high quality seeing very large subscription numbers.

Nitin Raheja, ED, Julius Baer Wealth Advisors, says “OMCs are short-term tactical plays and that is how we look at them. If in the next couple of months, before the election code comes into play, crude remains benign, then they will be good, in fact, for a good part of the next year. But fundamentally, the fact that they do not really have complete freedom and there is interference from the government and the ministry, means they can’t be long-term strategic compounders.” This year has been marked by the comeback of the oil and gas PSUs. What is your take on this because there was always a regulatory overhang which challenged the institutional investors not to participate in these stocks in a big way. Do you think some of those worries are getting abated now? Nitin Raheja: I do not think so. I do not see anything which has significantly changed from a regulatory perspective. These are good short-term tactical plays. OMCs are benefitting from the fact that crude has remained relatively benign, so they have not faced those pressures. If in the next couple of months, before the election code comes into play, crude remains benign, then they will be good, in fact, for a good part of the next year. But fundamentally, the fact that they do not really have complete freedom and there is interference from time to time from the government and the ministry do not make them long-term strategic compounders. They are good short-term plays that is how we look at it.

Santosh Kumar Singh, Fund Manager, Motilal Oswal AMC, says “I still find IT very attractive, I am very bullish on capital markets and I think that the biggest financialisation is going to get played through the capital markets. Also, health has been a place where the market has been very, very bearish for multiple reasons. I think it is a space which has got very high longevity. And at the same time, this is a space where the competitive edges of the company can stay for a very long period of time. So yes, those are the two spaces I am really liking.” Talk to us about the valuation of the market. What went through your mind when you were looking at the screen the day before yesterday? All of us thought that the much-awaited correction, cleansing of froth would happen. But we barely corrected for a day and everything came back? Santosh Kumar Singh: Yes, so see if I am looking at the market, it seems the valuation is inching closer to one standard deviation on the Nifty side, right. And that is where my view is. Above that, I do not see a re-rating. Above that, a lot of froth starts to pick in so I am not expecting it to go above that. That is where the EPS growth of the market comes into play. The EPS growth seems to be doing okay, around 13-14% EPS growth for the next couple of years. So the market may give that sort of return.

general elections and further reduction in inflation will help revive consumer demand across categories from grocery to apparel to electronics from March-April onwards, with rural markets and mass-segment products already showing signs of recovery, chief executives of several leading companies said. Consumer goods companies were earlier expecting demand to recover in the December quarter. While that hasn't materialised, chief executives said slowdown in consumption has come to a halt and that sales of mass-segment products are picking up after a gap of over three years. «While green shoots of recovery are visible in rural India, the demand growth is still trailing urban markets,» Dabur India chief executive Mohit Malhotra said.

Gaurav Dayal, Commissioner of Ayodhya has said that in the meeting held on Saturday, arrangements were reviewed for the upcoming Prime Minister Narendra Modi's visit to the holy city on December 30, where he will inaugurate the airport and railway station and also conduct a roadshow and public gathering. «All facilities are available in hospitals. The Chief Minister is also reviewing it. For high-end services, we will keep a backup plan from here to Lucknow.

TLDR

Work does not satisfy anyone nowadays. Citing the lack of adequate compensation, timely promotion, and meaningful growth opportunities, countless employees express their dissatisfaction by quitting, moonlighting, malingering, or trundling on while wearing a face resembling impatience on a monument gritting her teeth. Captains of industry are equally disgruntled.

economic conflicts, such as worker strikes, have been on the wane, the vicious circle of low employability, leading to few jobs, mass unemployment and frustration, is now showing up in new forms of social conflict,” former RBI governor Raghuram Rajan and economist Rohit Lamba write in their new book Breaking The Mould. They cite the conflict over reservations in Manipur and the substance abuse problem among Punjab’s youth as examples of how these frustrations are being channelled.

Colby Covington has raised concerns about perceived political bias among judges following his unanimous decision loss to Leon Edwards at UFC 296, especially with former US President Donald Trump in attendance. Covington is advocating for a rematch in the aftermath of his defeat to Edwards. In the post-fight press conference, Covington alleged that the judges have consistently shown bias against him due to his association with Trump. He claimed that his support for Trump has led to unfavorable judgments, stating, the judges hate him because he supported Trump.

ICICI Securities, the financial services company of ICICI Bank, has picked up over 188,000 sq ft office space in information technology park Mindspace Juinagar in Navi Mumbai through a long-term lease of over 12 years. The ICICI Bank subsidiary has leased the office space spread across five floors in one of the towers of the IT park from Newfound Properties & Leasing, a subsidiary of real estate developer K Raheja Corp. The financial services company will be paying monthly rentals of Rs 92.15 lakh for the office space. The lease agreement includes a clause to escalate rentals 4% every year, taking its total payout to around Rs 166 crore through the total term of the lease. The deal was registered on December 15 and the lease tenure will commence from January 1, 2024, shows documents accessed through Propstack.

Rapper Kanye West was in the news recently for listing his Malibu beach house property for sale for a sum of $12o million. The property lacked basic amenities such as appliances, electricity, and even windows and therefore many hesitated to buy the same. Moreover, a lawsuit has been filed against him for the uninhabitable house’s less-than-great restructuring.

Sanjay Singh on Saturday lashed out at the protesting grapplers for «engaging in politics» and asserted that he is not a dummy candidate of Brij Bhushan Sharan Singh. Sanjay Singh, who was elected as the president of the WFI on Thursday, is known to be a close confidante of Brij Bhushan Sharan Singh, who had been accused of sexual harassment by the country's top wrestlers such as Vinesh Phogat, Sakshi Malik and Bajrang Punia. Sanjay Singh won most of the votes in the delayed polls, as outgoing chief Brij Bhushan gained indirect control over the national federation. «Those who are athletes have already started preparing and those who want to engage in politics can do that. It is their personal matter, I will not speak about this. »I have been in the federation for 12 years.

By Nichola Groom and Cath Turner

Investing.com — The S&P 500 closed slightly higher Friday to clinch its longest weekly winning streak since 2017 after data showing inflation cooled more than expected stoked bets on faster and deeper Fed rate cuts strengthening the bulls' grip on stocks ahead of the long holiday weekend.