Letter # 99 

From weight-judging competitions to finding a lost US submarine, the crowd seemed to have the right answers to all questions. That is… all questions except investing!

Collectively their ownership in the Indian markets has fallen from over 20% to 16% over the past two decades. But the past two years is another story altogether.

In our article in the ET today, we look at the sweeping disdain that prevailed for crowd behaviour in the 19th century, how a few experiments changed that through process in the 20th century and zoom into the 21st century where retail shareholders are starting to emerge as the smartest cohort in Indian equity markets. Read here: https://tinyurl.com/3tsr7dhz

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.