There's no denying the significance of Asia Cup 2023, held from August 30-September 17. It (along with the ongoing India-Australia bilateral series) was like a prequel to the ODI World Cup starting October 5. Additionally, the Asia Cup held some important investing lessons for the discerning:
1) Always keep a reserve for your prized asset class: There is a lot of criticism that only the India-Pakistan match had a reserve day while all other matches were washed away, like Sri Lanka’s agricultural productivity. But the Asian Cricket Council knows which side its bread is buttered, or rather which countries’ crowds are the true investors in its shares. Therefore, always keep a reserve to invest in the crowd-favourite, whether it’s NFTs of Jawan or an autographed selfie with your favourite finfluencer after being banned by SEBI.
2) Invest where the sun doesn’t shine: Contrary to the popular expression, “make hay when the sun shines”, the BCCI agreed to matches in rain-soaked Sri Lanka-in-September. However, when one reads stories about how the matches have helped to revive the Sri Lankan economy, perhaps BCCI is playing the role of a long-term investor in Sri Lanka. One hopes it has better luck than the than the future prospects of the BRICs currency.
3) Say Shubh Shubh to your investing and cricketing Gods: Shubhman Gill delivered a lot during Asian Cup, not unlike the stock of ITC in recent times. He even scored 122 in a losing cause like that lone green stock on an otherwise red day in the markets. Let us pray and hope that the Shubhman Gills in our portfolios also continue deliver in the same fashion. But enough about Supreme Industries.
4) Prepare for the big event: The Asia Cup has been a great testing ground for the Indian cricket team, whether it was seeing Bumrah back in action or Rohit Sharma making up with the bat the loss of his social reputation after being captured hungover and dazed on social media. Mercifully, it was the bowling attack that was left dazed and hungover. Here’s hoping to see the same fate of all those market bulls making fun of the bears holding on to their declining put options on the Nifty and the NASDAQ.
5) Comment on other markets: Gautam Gambhir criticized everything about Babar Azam’s captaincy in Pakistan’s loss to Sri Lanka, ranging from his field placements to the placement of his sponsor logo. In similar fashion, feel entitled to comment on the lack of oversight on the trouble brewing in US treasury securities to the foolishness of the ECB in raising rates at this juncture. All this because you cannot get over your bitterness at someone else being named class prefect ahead of you in 2011.
6) Pray for a grand finale: The India-Sri Lanka Asia Cup final went contrary to what most market participants here had hoped for. But just like an unexpected result in the elections, an unexpected match-up in the final can lead to some really interesting outcomes. Now whether you cheer for INDIA or you cheer for Bharat, the only thing that matters to the sponsors is your investment rupees. But enough about anonymous electoral bonds.
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