Monthly Archives: July 2021

Largecaps have been repeating performers of the recovery rally. We wanted to know what made the Largecap so special to be consistent with their returns.

We at smallcase, talked to a few of our smallcase Managers to get their perspective on the topic.

Manish Dhawan of Mystic Wealth described the stock market to a pendulum.

Markets work like a pendulum, overcompensating on either side. From unabated euphoria to sheer depressing pessimism. Even within the various market caps, the flow of money keeps changing hands.

Stock selection is overrated, and drawdown reduction is underrated.

Success in stock market investing has more to do with not falling and giving away the gains made in the bull market.

Bull market catapults every stock sector in its stride and similarly Bear market decimates everything on its way regardless of pedigree.

MWT (Mystic Wealth Tortoise) smallcase by Mystic Wealth

We also asked Dick Hosy Mody from Ethical Advisersabout what he had to say about the current picture of the investing scene in India and he was excited to share his thoughts.

Ever since I began my investment journey in 1992, markets have taught me to STAY Focussed on the BIG Picture!. 2021 is no different. Considering this, out of 195 countries in the world, India is expected to be in the top 3 (behind US, China) by 2030. The biggest BULL RUNS have occurred when GDP moves towards $5 Trillion, e.g. China, US, and Japan.

The Dependables! smallcase by Ethical Advisers

Ashwini Shami from Omniscience Capital pitched in about what makes a great portfolio according to them within the Large Cap space.

Omni Royals - SuperNormal LargeCap SIP smallcase by Omniscience Capital

Talking about Large Caps, Arun Mehra from V.E.C Investments believed in the objective of outperformance against the index on a lower cost structure.

With a high degree of research coverage in the top 100 companies, one would imagine all stocks being valued appropriately by the market. This in turn would imply that owning the index is the best way to capture the return from a large cap, not to mention the low cost that comes with an ETF.

However, contrary to expectations, the large cap index shows a great diversion of returns within the constituents and several companies giving significantly higher returns versus the index. This inefficiency can be utilized to an investors advantage.

The smallcase V.E.C Growth Explorer aims to tap into this opportunity by creating a well-structured and concentrated portfolio within the top 100 companies in India. This is accomplished by a fundamental strategy driven by a contrarian/value approach across the index. With 100 companies and several sectors available to choose from, high levels of governance, strong balance sheets as well as well-established business franchises one is spoilt for choice.

V.E.C Growth Explorer smallcase by VEC Investments

And finally, Divam Sharma from Green Portfolio, the purpose of their smallcase within the Large Cap market.

Historically the largecap stocks have returned a 14% CAGR return during the past 30 years - based on the BSE Sensex 30 index

The growth of the Large Cap stocks in the SENSEX 30 or the NIFTY 50 is a reflection of these conglomerates gaining market share and emerging stronger than they were. The forecasted influx of families to the middle-class bracket and the run-up towards a $5 trillion economy are other tailwinds propelling these Large Caps upward.

Our Large-Cap smallcase, the best of Nifty50 is curated to ride this growth. We find utmost discomfort in holding all the Nifty50 portfolio; hence we have curated the smallcase portfolio with only the top 20-25 names. These 20-25 names have been meticulously selected based on an array of factors.

Best NIFTY (Bluechip) Companies- "HQRP Philosophy" smallcase by Green Portfolio

(This is a partnered post)

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Decoding the Large-Cap Recovery Rally: The golden rule is to 'stay invested' - Moneycontrol.com

The Head of Bars at Merivales Ivy precinct, Adam Dow, was recently named as one of the top three bartenders at this years Bacardi Legacy cocktail competition and is aiming to make his Legacy experience go beyond the finals.

This year, with bars all over the world closed because of the pandemic, Bacardi gave each global finalists US$5000 in an El Coco Grant to help give something back to the industry. Dow has told The Shout that he is using part of that money to set up a grant aimed at bridging the gap in Australian hospitality.

Named after Adams cocktail for the competition, The Golden Rule grant will see $1000 each year for the next two years go towards helping a female in Australias hospitality industry further her career.

Adam told The Shout: This El Coco grant really came out of nowhere from Bacardi and it was a $5000 grant that went to all of the competitors who were competing at Globals as a way of giving back to the industry and giving back to the community.

I felt like I needed to do something tangible with the money, because I felt like I hadnt earned it or hadnt deserved it. And so I thought how can I give some of this back to the industry, and thats when I realised that I had to give some of it away, because it just felt like too much money.

I then thought about how I could support some parts of the industry. Why I chose women in hospitality for the grant, is that over the years I have seen women being passed up for senior roles.

Yes hospitality is probably more progressive then most industries when it comes to this, but I feel like these is still some work to do.

He added: Its no secret that gender inequality is a topical issue at the moment and some people might see this as a convenient charitable donation, but for me it was more about finding something tangible and trying to help someone in terms of their development.

So the grant is more about self-development and training rather than being a hardship fund and I am really passionate about hospitality professionals developing themselves, I feel like its something that doesnt happen enough.

Applications for the grant are now open throughThe Golden Rule Instagram pageandAdams own Instaand will close at the end of August. Adam wont be judging the applications, that will fall to Penny Sippe and Jenna Hemsworth, with Adam tellingThe Shout: They are two really influential female figures to have done incredibly well to fight against some of the barriers put up against them.

And although Adam wont be judging he did tellThe Shouthe has an ideal candidate in mind.

Its about someone who really wants to take themselves seriously as a hospitality professional, Id love the winner to be someone who really wants to take what they do seriously.

The grant is open to hospitality professionals who identify as female and there is more information onThe Golden Rule Instagram page.

Related

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Legacy finalist creates The Golden Rule grant - The Shout

This week in Toledo historyJuly 111917 - Toledo Police arrest suspected high-level German spy Baron Einrich Rolph Gersdorff at the Boody House after getting tip from Toledos German community. Police and Secret Service are investigating his frequent travels to the Willys Overland car plant.1922 - Gale force winds of up to 72 MPH blast the city of Toledo, causing more than $150,000 in damage to trees and homes.1927 - The 135-foot wooden freighter, the Clarence Lebeau, burns in Maumee River.1934 - Numerous German-American groups in Toledo file complaints about an anti-Hitler movie, Reign of Terror, showing at the Pantheon Theater in Toledo. Two days later the Ohio Governor bans the movie in Ohio.1939 - Interurban passenger service from Toledo to outlying communities is halted.1943 - Lt. Robert Craig of Sylvania is killed in combat in Italy. He was later awarded the Medal of Honor.2000 - Four-alarm blaze destroys the Vistula Heritage Apartments at Erie and Locust.

July 121844 - George Thompson hanged in Fremont for the murder of 18-year-old Catherine Hamler who had refused his marriage proposal.1892 - The grand Victory Hotel opens for guests on South Bass Island.1904 - Popular reform Mayor Samuel Golden Rule Jones dies of a heart attack in Toledo. Businesses close and body lies in state as city mourns the passing of the mayor.1893 - Fire destroys several blocks of homes and businesses in Wood County town of Luckey.1907 - Thirty-two men are convicted in Toledo for violation of anti-trust laws and get six months in jail.1927 - Freight train hits Interurban passenger trolley at the Dorr Street terminal in Toledo. Three people killed and nine are injured.1986 - Very strong magnitude-4.5 earthquake shakes much of Northwest Ohio.

July 131833 - First property transaction in Toledo as John Baldwin buys a lot in the new community of Vistula for $25 at Monroe and Summit Streets.1897 - Five waterspouts witnessed near South Bass Island.1905 - The largest roller rink in Ohio is now nearing completion at Ashland and Bancroft, measuring 175 feet by 85 feet.1911 - Seven Toledo residents are feared to be among those people trapped by raging forest fires in Michigan that have wiped out several communities in the region of the Au Sable River.1926 - The oldest man ever to be put in jail by Toledo Police is arrested for the theft of a chicken from a market on Cherry Street. The 96-year-old man, James Hughes, says that at least in prison, hell get regular meals.1931 - A & P Stores in Toledo advertise 7 -cent-a-loaf bread, 5-cent bags of brown sugar and six ears of sweet corn for 25 cents.

July 141904 - Double execution is held in Columbus for two brothers from Lucas County, Albert and Benjamin Wade, convicted in the 1900 robbery and murder of Kate Sullivan in rural western Lucas County. Minutes before they were electrocuted, both maintained their innocence. Ben Wade is reported to have said just before the switch was pulled, "Now boys, dont burn me up. I want to be a respectable looking corpse.1936 - Hottest day on record in Northwest Ohio. Toledo reports 105 degrees. Bowling Green records 110 degrees. Some highways buckle under heat stress. People are sleeping on their lawns to escape the oppressive heat.1942 - The Toledo Blade reports its new photo-sound machine that will allow them to get news photos from around the world within hours after an event occurs.1951 - At the Park Theater at Sylvania and Lewis, the movie Bedtime for Bonzo, starring Ronald Reagan, is shown.1955 - One of the grandest and most elegant homes ever built in Toledo, at 103 years of age, is torn down at Washington and 11th Streets to make way for a used car lot.1971 - A 19-year-old West Toledo woman reports to police that she had been having sex with dozens of Toledo Police officers at the Willys Park Pool after hours. Her story leads to a major investigation and suspension of numerous officers and dismissals of others.1980 - Presidential candidate Ronald Reagan visits Toledo prior to start of GOP Convention in Detroit.

July 151849 - Toledo's first cholera epidemic breaks out. Over the next two weeks more than 100 people would die including the City Marshal and Postmaster.1892 - Six men on Toledo City Council are convicted of soliciting and taking bribes from area businesses. They are sentenced to $250 in fines.1903 - Eight Toledo boys now reported to have died from tetanus and lockjaw infections as a result of toy pistol and fireworks accidents over the Fourth of July.1935 - In the wake of the 1934 Auto-lite strike, the famed Toledo Plan is implemented as a way for business and industry to settle labor disputes.1946 - Its announced that Toledo movie actress and popular World War II pin-up girl Dusty Anderson will marry Warner Brothers director Jean Negulesco. She soon retires from acting.1969 - The Princess Theater, one of the oldest in downtown Toledo, closes, leaving the Valentine and the Pantheon Theaters as the only remaining movie houses in downtown Toledo.1973 - County Executive Ned Skeldon makes his long-promised swim across Maumee River after reaching goal of substantial cleanup of the river. Hundreds turn out to watch him swim from Walbridge Park to Rossford.1983 - The first X-J Jeep Cherokee rolls off assembly line at Jeep Parkway plant.

July 161843 - The last of the Wyandot Indians leave their Upper Sandusky native tribal lands on an eventual trail of tears to new reservations in Kansas and Oklahoma.1896 - Toledo Mud Hens are born. Team plays first game as Mudhens at Bay View Park outside of the city limits so they could play on Sundays. The team earns its nickname because BayView Park was a marshy area populated by "American Coots", often called Mudhens.1936 - Dedication concert at the new Toledo Zoo amphitheater is held with the Toledo Civic Symphony, the forerunner to the Toledo Symphony. Toledo Police Inspector Charles Roth was the conductor.1940 - Fire sweeps through an upper floor attic of St. Vincents Hospital, forcing the evacuation of 142 patients. No injuries to patients reported, but two Toledo firemen were overcome by smoke while battling the blaze.1959 - Eight U.S. Navy ships and thousands of sailors and Marines arrive in Toledo as part of the St. Lawrence Seaway opening celebrations and festivities.1972 - Tigers pitcher Joe Niekro pitches a seven-inning no-hitter for the Toledo Mud Hens at the teams home ballpark in Maumee.1972 - Notorious prohibition mobster, killer and underworld character, Jacob Firetop Sulkin dies at his home in Toledo at age of 80.

July 171835 - Angry mob of Michiganders storm Toledo home of Ben Stickney to arrest his son Two Stickney in one of the first skirmishes of Ohio-Michigan War.1884 - First birth reported at what would later become Riverside Hospital. It was a boy.1932 - Five volunteer firemen from Adams Township are killed and 10 others injured when their speeding fire truck is forced off Reynolds Road near Hill. The truck went into a deep ditch and rolled three times. Killed in the crash were Archie Dennis, Orville Reynolds and Arthur Northup. Two other firemen die a day later from their injuries.. The driver of the car that forced them off the road fled the scene.1934 - A human wheelbarrow of two Toledoans, Donald Taylor and William Robb, set out from New York City on the first ever cross-country trip of a human wheelbarrow.

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This Week In Toledo History Week of 7/12/2021 | The Press - Press Publications Inc.

The questions that haunted the Pontifical Academy for Life conference were familiar, controversial and exhausting, because Catholics and their bishops had been arguing about them for years.

The year was 2006, but little has changed in 2021.

What should bishops do when prominent Catholics even presidential candidates defended and promoted abortion rights? What if they said they accepted church teachings on the sanctity of human life, while their actions suggested otherwise?

Would it violate the separation of church and state if bishops denied them access to Holy Communion? What if bishops asked these politicos to go to confession?

This is silly, said scholar Robert P. George, addressing that Vatican gathering. A Catholic shepherd acting on his authority as a bishop to discipline members of his flock, who commit what the Church teaches are grave injustices against innocent human beings would be exercising his own constitutional right to the free exercise of religion.

Freedom is a two-way street. No one is compelled by law to accept ecclesiastical authority, stressed George, an outspoken Catholic layman and professor of jurisprudence at Princeton University. Thus, a bishop has every right to exercise spiritual authority over anyone who chooses to accept it. There is a name for people who do accept the authority of Catholic bishops. They are called Catholics.

At that time, most debates centered on Sen. John Kerry, the Democratic Partys presidential nominee in 2004.

Cracks inside the U.S. Conference of Catholic Bishops widened with the election of President Joe Biden, a rosary-carrying Catholic who in word and deed has evolved into a fierce defender of abortion and LGBTQ rights. Biden quickly dropped his longstanding opposition to the federal funding of abortion after criticism from the left in the 2019 primaries.

Despite fierce opposition from several U.S. cardinals, 75% of the U.S. bishops recently voted to proceed with a document on Eucharistic coherence in an age in which many Catholics reject key church teachings including the core belief that bread and wine used in Communion become the body and blood of Jesus.

Doctrinal conservatives have continued to ask what it would take for bishops to enforce Canon 915 in church law, which states that Catholics obstinately persevering in manifest grave sin should be denied Holy Communion.

Facing withering media criticism, the bishops released a statement saying they made no decision about barring anyone from receiving Holy Communion. Each Catholic regardless of whether they hold public office or not is called to continual conversion, and the U.S. bishops have repeatedly emphasized the obligation of all Catholics to support human life and dignity and other fundamental principles of Catholic moral and social teaching. There will be, they stressed, no national policy on withholding Communion from politicians.

Asked if he was concerned, Biden told reporters: Thats a private matter, and I dont think thats going to happen.

This reference to private support for church teachings, as opposed to public actions, is another sign that little has changed in these debates over several decades.

On Twitter, George recently noted: If we take him at his word: (1) Joe Biden believes that unborn children are human beings who bear inherent and equal dignity and a right to life. (2) Joe Biden believes that this particular class of persons should be denied protection against homicide afforded by law to all others.

During his 2006 address at the Vatican, George noted that public servants attempting to combine those two beliefs violate the most basic precept of normative social and political theory, the Golden Rule. ... By exposing members of the disfavored class to lethal violence, one deeply implicates oneself in the injustice of killing them.

This raises a question, he said, that some bishops want to avoid: What should they do about those who claim to be in full communion with the Church yet promote gravely unjust and scandalous policies that expose the unborn to the violence and injustice of abortion?

While many bishops want clarity on that issue, its clear that some bishops believe it would be counterproductive to take that step, said George, reached by telephone. It wouldnt be prudent, in other words. They fear many Catholics will rebel and make it look like the bishops are tools of the Republican Party. They fear a backlash against Catholicism.

Terry Mattingly leads GetReligion.org and lives in Oak Ridge, Tenn. He is a senior fellow at the Overby Center at the University of Mississippi.

Originally posted here:

Terry Mattingly: Same old, same old: U.S. Catholic bishops still can't agree on politicos and Holy Communion - Joplin Globe