Fortune and Finance

  How to calculate a country default spread? For countries that don’t issue dollar-denominated bonds or don’t have a CDS spread, you have to use the average spread for other countries with the same sovereign rating .   With the above approach have calculated country default spread for 80 countries using the sovereign rating. link below :    https://github.com/spai45/fortuneandfinance/blob/main/Country%20Default%20spreads.xlsx

Are there some things which cannot be valued using a valuation model ? As we all know Assets can be valued , commodies can be valued ,etc But there are 3 things currently which cannot be valued 1. Currency Currency Cannot be valued but it  can be priced against other currencies 2. Collectables / Antiques Collectables are priced based on emotions scarcity and desireabilty . 3. Crypto currency Valuation of crypto is quite mysterious,  since these does not generate any cash flow . It has a possessed value. Anyone with any approach to value above ?

  An investment is called to be risk-free if the below two conditions are satisfied: 1)   1)  No default Risk 2 )  2)  No Reinvestment risk   So what does default risk mean? Default risk is the risk that a lender takes on in the chance that a borrower will be unable to make the required payments on their debt  obligation   And Reinvestment risk? This is the chance that the  cash flows  from an investment might have to be reinvested in a way that does not match the proceeds of the original, for example at a lower  interest rate .

  How winning is done mentally? “An Investigation into a Winning Mentality “ It starts with a question: You want to do this, right? This may seem like a very simple question, but, my friend, there is a difference between wanting to do something and having to do something. Most people in this world are doing what they do, not because they want to, but because they have to. Having to do something becomes a duty you have to fulfill. Wanting to do something is a choice. Therefore, to win, the very first thing you need to clarify in your mind is, do you really want to do this? When it’s a choice, there is an ownership of doing that thing. You want to do it. Here’s a very simple thing, if you don’t care, if you don’t take what you do seriously, then forget about winning, ever. So, decide right now in your mind, do you want to do this or not? That’s the first step. what are your thoughts?

  It’s all right to feel pain!!! There are no great secrets hiding behind the doors of happiness, except that everything is great and is supposed to be great for you to remain happy. You find out a lot about life, yourself, and others when you don’t mind stepping outside of feeling happy. You find out what your limitations are, what you can take, what you can come back from, and what you can become. None of that can be learned and actualized by wishing to be safe and happy all the time.

  *Virat Kohli steps down from test captaincy* A shocking news One of the most successful Indian test captains with a high win percentage of 59%, steps down from captaincy unexpectedly. But there is a learning from the same, Everything has to come to a halt at some stage and its important to take a break for figuring out what's going wrong? And to bounce back with a greater intensity And this is what we expect from the best batsman in the world We will miss you Captian Kohli :)

  Think about people you’ve met who gave you this vibe: 1. I have a lot of knowledge about things. 2. I learn a lot about interesting things. 3.  I watch clever, obscure movies only meant for intelligent people. 4.  My views are really interesting and unique. All of this is actually fine until the motive of expressing the above becomes: “I am better than normal people” Because by saying that “I am very interesting” we are basically accumulating self-worth from assuming you are superior to others. It is normal to expect people to like you, but to rely on people to determine your self-worth comes at great risk. What if one day you meet someone who is not impressed? What lengths will you go to impress them? Does your worth become zero in front of them?  You’re depending on others to make you feel worthy carries the equal risk of others making you feel unworthy. Why don’t you give all that power to yourself? Any thoughts on the above?

  An Extract from my favorite Book *Worth reading* "We let our fear drive us, but fear itself is not our real problem. Our real problem is that we fear the wrong things : What we should really fear is that we will miss the opportunity that fear offers. Often , we notice fear's warning but we ignore its guidence. If we learn how to recognise what fear can teach us about ourselves and what we value, than we can use it as a tool obtain greater meaning, purpose and fulfillment in our lives" Any Guesses about the book?

  What is Metaverse??? I found the concept very mystified when I heard about it for the first time, But metaverse is simply a virtual reality version of the internet where people can interact with digital objects We can move freely from one virtual environment to another. The metaverse can also be used for work in different ways, including simulating real-world tasks in virtual reality first. This leads to a whole new level of the economy which makes it a fantastic concept. Any inputs on Metaverse and its prospects?

  Why is Apple Is Worth $3 Trillion approximately? A Question to wonder The stock briefly hits $3 trillion in market value terms recently, which is more than 10% of the U.S. economy. Apple has beaten the market averages, with the shares rising 360% (approx) over the last 3 years. Below are a few reasons : 1. Stellar returns over the last few years are mostly due to an expansion in the PE ratio. 2. Consistent earnings growth justifies that higher premium and it's usually seen that Investors pay up for consistency. 3. Business shows an enormous subscription platform on the rise. Eg. Apple Music, Fitness+, Apple TV+,etc Any more reasons to add by anyone?