What is Sagewood?
A few months ago, I had the pleasure of attending the first ever SAGEWOOD conference in New Delhi.
The conference was held at the Sagewool Hotel and, as I recall, was packed with luminaries of the financial services industry.
At the start of the conference, the keynote speaker was N.N. Nair, co-founder and CEO of Fidelity International.
He was also the co-author of the book “The Rise and Fall of the Nasdaq: The Global Saga of the Global Stock Market”.
The conference, which is a must for anyone interested in the future of finance, was attended by over 200 people.
I was one of the attendees.
The keynote, “The Market for All Markets: The Rise and End of the Market for Hedge Funds”, was a presentation by Nair that focused on the future prospects for hedge funds.
This presentation was a rare glimpse into Nair’s mind and was accompanied by a series of videos.
“The rise and fall of the global stock market” was a video that went viral on social media.
The video, which was posted on Youtube, showed a stock market with a lot of volatility.
It is worth noting that the market had gone through a massive spike of volatility between the middle of 2016 and the end of 2017.
Nair’s presentation was followed by a slide entitled “The Nasdaq Market: The rise and collapse of the world’s most valuable index.”
This slide showed a market that was in a state of flux.
The Nasdaq had gone from being the most valuable global index to being a market where the market was being manipulated.
“The Nasayx Market” was the slide that was presented in front of a live audience at the conference.
It was also accompanied by some audio clips.
It was interesting to see that the financial industry was talking about the “rise and fall” of the market for hedge fund and its implications for the financial markets as a whole.
In fact, I was the only one that did not participate in the conference because I was busy with my own research and writing.
When I returned to India a few months later, I came across a very interesting article on The Wall Street Journal titled “The World’s most-valuable stock market: India’s SagewOOD conference”.
The article was authored by Shailesh Ghosh and was written by a very well-known journalist from the Financial Times, S.K. Natarajan.
I was very impressed by the article because it was an interview that was done before the conference in Mumbai.
The interview was conducted by Shaitan Joshi, a senior writer at the Financial Express.
After reading the article, I began to wonder how much of the article was correct and how much was false.
In short, I did not understand the entire article.
A few weeks ago, Shailash Ghosh wrote a piece for The Wall St Journal titled What is Sagwood?
(I am not an investor in any of the stocks mentioned in this article, so please do not share my opinions.)
“SagewOOD” is a series that I have been reading on various financial blogs.
The term SagewOOL was coined by Shashank Manohar, a former advisor to the Reserve Bank of India.
In the article titled “What is the Sagwool market?”, Shashanka Ghosh, a journalist at The Financial Express, spoke about the rise of the SAGWOOD market.
“In a market with so many moving parts, it is difficult to see how an investor can be confident in any single indicator.
What is certain is that the Sagewool market is growing in both volume and value.
The world’s biggest stock index, the Nasayys, is at an all-time high, with more than half of its shares traded, with over 1.5 trillion dollars in market value. “
The world’s biggest stock index, the Nasayys, is at an all-time high, with more than half of its shares traded, with over 1.5 trillion dollars in market value.
As of January 12, 2017, the Sajwood Index was trading at more than Rs 5,000 crore, or nearly Rs 20,000 per share.
Sagwoods valuation is not in doubt, as it is the only stock market index that has a market cap that exceeds the entire gross domestic product of India, or $11 trillion.”
The Sajawood index is based on the Dow Jones Industrial Average (DJIA).
According to Shashanks article, the index has been gaining more than 30% per year.
What I found surprising was that this is not true.
The Sajwalks valuation was only 15% at the beginning of the last decade.
However, it has been increasing since then.
Shashank Ghosh’s article also mentions that the current market capitalisation of the Sag