Investment research comprises analysis of history, economics, macro economic trends, behavioral finance, economic geography and technology. Movement in other asset classes such as bonds, commodities, precious metals, energy markets and currencies have impact on equity valuations. This section establishes link with quality research sources.
We found that some publications are always bullish; similarly some others have strong bearish bias. The solution is to read from numerous sources and then form opinion. It is rare to see any publication or analyst getting consistently making right investment call on market. It is important to be skeptical while reading and regularly read a large number of quality newsletters. This list is not complete and we keep revising it from time to time. While some research is paid, other analysis is available at free of cost. The list does not follow any order of priority and no referral fee is generated from these sources.
Sources from India
Bombay Stock Exchange (BSE)
India’s oldest stock exchange. Source of detailed information on listed companies
National Stock Exchange (NSE)
India’s largest stock exchange by trading volume. Source of detailed information on listed companies
Securities and Exchange Board of India (SEBI)
Regulator of Indian capital market
Link for downloading annual reports and other filing by Indian companies
Warren Buffet’s letters to shareholders since 1977
Topics covered throughout the years include investment philosophy, corporate governance, insights on portfolio management, benefits of diversification, the limitations of accounting, employing incremental capital, selecting business managers, compensation policy for directors, share buyback, stock options and mergers and acquisitions.
Nouriel Roubini’s global Economics Blog: Interesting insights and forecasts on global economy
Grant Interest rate observer: Insightful view on Global financial markets
The Gartman Letter: The daily newsletter is known for insights on economic, political and financial trends
Aswath Damodaran website
The link provides access to resources on conceptual framework of investment management
Friedberg’s Focus on Futures
Published by Friedberg Commodity Management Inc, this publication contains interesting articles on commodity futures and economic trends
The Richebächer Letter
Dr Kurt Richebächer was a renowned Austrian economics and an outstanding statistician. Achieve of his monthly newsletters reflect his great intellect and historical knowledge
Gary Shilling’s Insight
A. Gary Shilling brings an informative monthly publication. He is credited with predicting the recession of 1970’s
Economic and Portfolio Strategy
Peter Bernstein, the author of several academic papers and books writes an insightful newsletter more suitable for sophisticated institutional investors. Useful for those who want to expand their knowledge on economics and financial markets.
The Bank Credit Analyst
Suitable for those who are interested in economic trends. It has additional section on stock and bond market timing. Region specific publications are useful for investors following specific markets. The International Bank Credit Analyst” is suitable for investors following the western European and the Japanese economy, while the “Emerging Markets Strategy” focuses on emerging markets around the world.
PIMCO Newsletter archive
Established in 1971, PIMCO is a global investment management firm. Its archive of newsletters is a good source of investment wisdom.