Read, Learn, Improve - 24-Oct-15
Intermediary Influence and Competition: Berkshire versus KKR - Link here
The Collected Wisdom of Seth Klarman – Link here
Our Brains Say Corporations Are People, Too – Link here
If it’s about saving the cow, reform the dairy industry first – Link here
Some Common Mistakes by Investors – Link here
The history of science has been centred for too long on the West, say Simon Schaffer and Sujit Sivasundaram. It’s time to think global – Link here
Unnatural Gas - The dubious ways of the environment ministry – Link here
Envy: Most lethal of all sins in Investing - Part I – Link here
Sakti3’s quest for a better battery: Hype, funding, promises, and then a surprise sale – Link here
Devangshu Datta: The discoveries that saved lives – Link here
If print media is dying, why are moneybags investing in it? – Link here
40 years ago the US sent Mexico into a financial crisis - and it transformed the narcotics industry – Link here
Crisis of Confidence in Financial Engineering – Link here
How to prepare for the right heir to take over your business - Subroto Bagchi – Link here
Why Uber Has To Start Using Self-Driving Cars – Link here
Raghuram Rajan and the online discount wars – Link here
Have we found a structure? (Interesting way how serendipity may lead to find alien/other life form) – Link here
Distinctions and Differences – Link here
Why CCD's coffee vending machines cost Rs1.15 lakh each – Link here
Saturday, October 24, 2015
Monday, October 12, 2015
Read, Learn, Improve - 10-Oct-15
Read, Learn, Improve - 10-Oct-15
(Must Read) A Brief History of the Corporation: 1600 to 2100 – Link here
International courts and refugees – Link here
Sneaker Wars: Inside the Battle Between Nike and Adidas – Link here
Elon Musk Versus the Taxi Meter – Link here
Meet Robohon, Sharp’s incredibly cute robot smartphone – Link here
How Two Guys Lost God and Found $40 Million – Link here
12 Surprising Facts about Nobel Prizes – Link here
Kotak Gamechanger - Value versus Valuation – Link here
Ten Office Boys Per Foreigner? Indonesia Explains New Labor Law – Link here
You can learn to be creative, if you’re willing to embarrass yourself – Link here
The Trick to Making Better Forecasts – Link here
It Just Got a Lot Harder for Big Tobacco to Defend Itself – Link here
Who dies and who survives during a mass extinction? A tantalizing clue – Link here
What people in 1900 thought the year 2000 would look like – Link here
The sex instinct – Link here
16 More Startup Metrics – Link here
Bitnation Registers First Refugees on the Blockchain – Link here
(Must Read) A Brief History of the Corporation: 1600 to 2100 – Link here
International courts and refugees – Link here
Sneaker Wars: Inside the Battle Between Nike and Adidas – Link here
Elon Musk Versus the Taxi Meter – Link here
Meet Robohon, Sharp’s incredibly cute robot smartphone – Link here
How Two Guys Lost God and Found $40 Million – Link here
12 Surprising Facts about Nobel Prizes – Link here
Kotak Gamechanger - Value versus Valuation – Link here
Ten Office Boys Per Foreigner? Indonesia Explains New Labor Law – Link here
You can learn to be creative, if you’re willing to embarrass yourself – Link here
The Trick to Making Better Forecasts – Link here
It Just Got a Lot Harder for Big Tobacco to Defend Itself – Link here
Who dies and who survives during a mass extinction? A tantalizing clue – Link here
What people in 1900 thought the year 2000 would look like – Link here
The sex instinct – Link here
16 More Startup Metrics – Link here
Bitnation Registers First Refugees on the Blockchain – Link here
(Must Read) A Brief History of the Corporation: 1600 to 2100 – Link here
International courts and refugees – Link here
Sneaker Wars: Inside the Battle Between Nike and Adidas – Link here
Elon Musk Versus the Taxi Meter – Link here
Meet Robohon, Sharp’s incredibly cute robot smartphone – Link here
How Two Guys Lost God and Found $40 Million – Link here
12 Surprising Facts about Nobel Prizes – Link here
Kotak Gamechanger - Value versus Valuation – Link here
Ten Office Boys Per Foreigner? Indonesia Explains New Labor Law – Link here
You can learn to be creative, if you’re willing to embarrass yourself – Link here
The Trick to Making Better Forecasts – Link here
It Just Got a Lot Harder for Big Tobacco to Defend Itself – Link here
Who dies and who survives during a mass extinction? A tantalizing clue – Link here
What people in 1900 thought the year 2000 would look like – Link here
The sex instinct – Link here
16 More Startup Metrics – Link here
Bitnation Registers First Refugees on the Blockchain – Link here
(Must Read) A Brief History of the Corporation: 1600 to 2100 – Link here
International courts and refugees – Link here
Sneaker Wars: Inside the Battle Between Nike and Adidas – Link here
Elon Musk Versus the Taxi Meter – Link here
Meet Robohon, Sharp’s incredibly cute robot smartphone – Link here
How Two Guys Lost God and Found $40 Million – Link here
12 Surprising Facts about Nobel Prizes – Link here
Kotak Gamechanger - Value versus Valuation – Link here
Ten Office Boys Per Foreigner? Indonesia Explains New Labor Law – Link here
You can learn to be creative, if you’re willing to embarrass yourself – Link here
The Trick to Making Better Forecasts – Link here
It Just Got a Lot Harder for Big Tobacco to Defend Itself – Link here
Who dies and who survives during a mass extinction? A tantalizing clue – Link here
What people in 1900 thought the year 2000 would look like – Link here
The sex instinct – Link here
16 More Startup Metrics – Link here
Bitnation Registers First Refugees on the Blockchain – Link here
Thursday, October 8, 2015
Is Elder Pharma website hacked?
So got to hear that Elder India (a pharma company) CEO got arrested (Link here), so I googled Elder pharma and below is the page
Notice anything weird?...yup either site is hacked or I don't understand IT & Internet well :D
Notice anything weird?...yup either site is hacked or I don't understand IT & Internet well :D
FMCG premium valuation - is this time Different?
Markets are weird, i was going through Barclays report on India Consumer dt 21-Sep-15 and one chart caught my attention, even thought I had idea about the point I never got it to put it in black & white. here is the chart
most of the FMCG/consumer are trading at premium valuation compared to their respective historic averages. I would probably not pay too much attention to ITC, HUL, Titan and Jubliant as their premium is in range of 10%-14%.
While others like Britannia, Marico, Page Industries are trading at 99%, 91% & 71% to their historic valuation.
So I just thought to check performance of same stock post 21-Sep-15 and below is result
Barring Bata, Dabur & Marico every other stock has gone up. makes me wonder how long will premium valuation continue, will Mean reversion take place or as they say "This time it is Different"
most of the FMCG/consumer are trading at premium valuation compared to their respective historic averages. I would probably not pay too much attention to ITC, HUL, Titan and Jubliant as their premium is in range of 10%-14%.
While others like Britannia, Marico, Page Industries are trading at 99%, 91% & 71% to their historic valuation.
So I just thought to check performance of same stock post 21-Sep-15 and below is result
Barring Bata, Dabur & Marico every other stock has gone up. makes me wonder how long will premium valuation continue, will Mean reversion take place or as they say "This time it is Different"
Sunday, October 4, 2015
Read,Learn,Improve – 3-Oct-15
Read,Learn,Improve – 3-Oct-15
The moral imperatives to a lie – Link here
Complex Car Software Becomes the Weak Spot Under the Hood – Link here
What Cures Are We Missing Out On? – Link here
How to Catch a Spoofer – Link here
Bhushan Steel’s Dubious Restructuring – Link here
Unconventional Investments - Patience—all knowledge is cumulative – Link here
Give and take: the ethics of donating breast milk – Link here
10 Great Lines From ‘Where Are the Customers’ Yachts?’ – Link here
Why Good People Do Bad Things: A Conversation With My Daughter – Link here
Putting a Price Tag on Scandal: Sturm und Drang at Volkswagen! – Link here
A Universal Basic Income Is The Bipartisan Solution To Poverty We've Been Waiting For – Link here
She May Solve One of the Oldest Problems in Surgery – Link here
Why Commodities Are Back in the 1990s – Link here
High-Speed Trading Firm Deleted Some Code by Accident – Link here
The ‘Yelp for people’ app has everyone freaked out – Link here
The moral imperatives to a lie – Link here
Complex Car Software Becomes the Weak Spot Under the Hood – Link here
What Cures Are We Missing Out On? – Link here
How to Catch a Spoofer – Link here
Bhushan Steel’s Dubious Restructuring – Link here
Unconventional Investments - Patience—all knowledge is cumulative – Link here
Give and take: the ethics of donating breast milk – Link here
10 Great Lines From ‘Where Are the Customers’ Yachts?’ – Link here
Why Good People Do Bad Things: A Conversation With My Daughter – Link here
Putting a Price Tag on Scandal: Sturm und Drang at Volkswagen! – Link here
A Universal Basic Income Is The Bipartisan Solution To Poverty We've Been Waiting For – Link here
She May Solve One of the Oldest Problems in Surgery – Link here
Why Commodities Are Back in the 1990s – Link here
High-Speed Trading Firm Deleted Some Code by Accident – Link here
The ‘Yelp for people’ app has everyone freaked out – Link here
Wednesday, September 30, 2015
What I learnt from Shah Rukh Khan
Mint came up with interesting extra add on called "The Rich List" to existing newspaper. Time and again I have found there are timeless principle that helps one succeed in whatever one is doing. I think Mint tried to understand from the Rich what they do, its very good edition, would advice you all to read it.
There was one particular piece on SRK which I liked (Full article) and would like to highlight few interesting pointers that are very similar to that of long term investor.
2. stay humble , admit your mistake , learn from it and move on.
3. Get to know your finance very well - its not really rocket science to know that Sales minus Cost = Profit.
4. Fund capex internally.
5. Never borrow - this advise has been given to most of us time & again - if you borrow from bank it means bank pretty much owns you.
6. He goes of the extend saying avoid OPM - Other People's Money in any form - be it a loan or even equity. Once you have shareholder, you need to manage them ;)
7. Everything said and done - Work Hard, Slog yourself and Just believe in what you doing
8. Finally - Play the game you know - Know your competitive advantage and know what you are not good at. He highlights this very beautifully, If you have knowledge on Restaurant business, invest in restaurant not in restaurant chain. Skill set to run a Restaurant and Restaurant chain are different and SRK knows difference.
There was one particular piece on SRK which I liked (Full article) and would like to highlight few interesting pointers that are very similar to that of long term investor.
- Do something you believe in - products/service being offered should fundamental fulfill a need that customer has.
2. stay humble , admit your mistake , learn from it and move on.
3. Get to know your finance very well - its not really rocket science to know that Sales minus Cost = Profit.
4. Fund capex internally.
5. Never borrow - this advise has been given to most of us time & again - if you borrow from bank it means bank pretty much owns you.
6. He goes of the extend saying avoid OPM - Other People's Money in any form - be it a loan or even equity. Once you have shareholder, you need to manage them ;)
7. Everything said and done - Work Hard, Slog yourself and Just believe in what you doing
8. Finally - Play the game you know - Know your competitive advantage and know what you are not good at. He highlights this very beautifully, If you have knowledge on Restaurant business, invest in restaurant not in restaurant chain. Skill set to run a Restaurant and Restaurant chain are different and SRK knows difference.
Saturday, September 26, 2015
Read, Learn, Improve – 26-Sep-15
Read, Learn, Improve – 26-Sep-15
World is shocked post Volkswagen scandal, German engineering seems to have cheated. Keeping that aside for a moment, if you don’t know history of Volkswagen & Porsche you should read this - very good insight – Link here
The Unraveling of Tom Hayes - Libor's mastermind (five part series) – Link here
The Price for Losing Bill Gross or Jeff Gundlach – Link here
Big Tech Has Become Way Too Powerful – Link here
For $10,000, you can now print your own pound of human flesh – Link here
How Singapore INCENTIVISED itself into a First World Country – Link here
Lock Up Your Bees: Insects Are the Assets to Steal as Almond Prices Soar – Link here
The Night They Drove the Price of Electricity Down - Wind power was so plentiful in Texas that producers sold it at a negative price. What? – Link here
Why Is Art Expensive? – Link here
It’s not supposed to be easy. Anyone who finds it easy is stupid – Link here
Since market is rift with rumour that SunTV is on block, this piece makes interesting read - Will the Sun Set on Maran’s Empire? – Link here
Human-Like - Facebook Is Using Our Data To Build The 'World's Best' Artificial Intelligence Lab – Link here
5 Common Mental Errors That Sway You From Making Good Decisions – Link here
World is shocked post Volkswagen scandal, German engineering seems to have cheated. Keeping that aside for a moment, if you don’t know history of Volkswagen & Porsche you should read this - very good insight – Link here
The Unraveling of Tom Hayes - Libor's mastermind (five part series) – Link here
The Price for Losing Bill Gross or Jeff Gundlach – Link here
Big Tech Has Become Way Too Powerful – Link here
For $10,000, you can now print your own pound of human flesh – Link here
How Singapore INCENTIVISED itself into a First World Country – Link here
Lock Up Your Bees: Insects Are the Assets to Steal as Almond Prices Soar – Link here
The Night They Drove the Price of Electricity Down - Wind power was so plentiful in Texas that producers sold it at a negative price. What? – Link here
Why Is Art Expensive? – Link here
It’s not supposed to be easy. Anyone who finds it easy is stupid – Link here
Since market is rift with rumour that SunTV is on block, this piece makes interesting read - Will the Sun Set on Maran’s Empire? – Link here
Human-Like - Facebook Is Using Our Data To Build The 'World's Best' Artificial Intelligence Lab – Link here
5 Common Mental Errors That Sway You From Making Good Decisions – Link here
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