Fear and Loathing in the Markets, University Politics, NC London Meetup

What a week!

• This newsletter is brought to you by Intelekt AI, a fast-growing AI-enabled business process automation platform and ecosystem

• If you are chasing an important career goal, please feel free to reach out.

• We are hosting the next Network Capital huddle in London on July 9

• Should universities make public statements about political issues?

Dhruva and Utkarsh debate it out.

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• The markets had a bad after-party

‘In the short run, the market is a voting machine but in the long run, it is a weighing machine.' Benjamin Graham

What just happened?

“If you thought stock prices looked fine a week ago, very little has changed in the economy since then... except that (as I type this) many investors seem to have changed their views on risk. Small changes in the perception of investors over fundamentals and more importantly about the premium required to compensate for risk can cause large swings in stock prices. That's how the basic math of asset pricing works and that's why stock prices can be very volatile (and therefore require a risk premium to hold them). And if you add to this overreaction, panic and irrational behavior, it can get much worse.”

Antonio Fatas, INSEAD Professor

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• In 2000, Amazon shares fell 80%. Here’s how Jeff Bezos responded.

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Newsletter worth revisiting

1. Identify your anti-goals: Take time to list the outcomes, situations, and behaviors you want to avoid in your personal and professional life. Use this list to guide your decision-making and create a more fulfilling path forward.

2. Apply the "Hell Yeah or No" rule: When faced with new opportunities or commitments, ask yourself if they genuinely excite you. If the answer isn't a resounding "Hell Yeah," consider declining to focus your energy on more meaningful pursuits.

3. Reframe your aspirations: Instead of asking what you'd do with unlimited wealth, consider what work you'd willingly do even if you didn't need the money. Use this insight to align your career and lifestyle choices with your true passions and values.