Letter # 97

G7 plans to cap Russian oil price sound good in theory; practically, there are difficult to implement. The intention may be noble, but it may end up increasing inflation in Euro bloc (vs. intended reduction).

In India too, we have paved such roads. Fertiliser subsidy bill will top INR2.5 trillion this year. In today’s ET article, we look at the history of fertiliser subsidy and the resultant problems. There are a few investment learnings as well; read here: https://tinyurl.com/3ccw84ne

Disclaimers:
Information in this letter is not intended to be, nor should it be construed as investment, tax or legal advice, or an offer to sell, or a solicitation of any offer to make investments with Buoyant Capital. Prospective investors should rely solely on the Disclosure Document filed with SEBI. Any description involving investment examples, statistical analysis or investment strategies is provided for illustration purposes only – and will not apply in all situations and may be changed at the discretion of the principal officer. Certain information has been provided and/or based on third-party sources and although believed to be reliable, has not been independently verified; the investment managers make no express warranty as to its completeness or accuracy, nor can it accept responsibility for errors appearing herein.