EQ Saturday Sapience #31
Equity Intelligence 9th September 2023
There is a lot that G20 summit need to deliver though the absence of Chinese Premier does indicate how hard it has become to bring consensus on global issues, though it seems China’s property market may not pose the kind of risk to global financial system as US real estate meltdown did; but it is the single most important sector for understanding status of the Chinese economy, with close to 18% of world population and 4% water resource, pragmatic water management policy is important to India and the solution need to come from all segments of society.
1
The goal of the upcoming summit in New Delhi must be to advance progress toward a world where poverty is eliminated, the health of our planet is preserved, and vulnerable countries are better equipped to face the crises that arise from climate change and conflicts. Four principles will help guide the way forward.
2
How bad could China’s property crisis get? Country Garden is on the edge of default. Here is a worst-case scenario.
3
There's Business In Water. India Inc. is creating modern water infrastructure, aiding the evolution of an organised industry.
Quote of the Week
"In 44 years of Wall Street experience and study I have never seen dependable calculations made about common stock values, or related investment policies, that went beyond simple arithmetic or the most elementary algebra. Whenever calculus is brought in, or higher algebra, you could take it as a warning signal that the operator was trying to substitute theory for experience." - Ben Graham
