Wit. Wisdom. Value Investing.
Many investment experts and financial websites make outrageous promises of untold riches to their readers and clients.
‘Become the next Warren Buffett’, some would promise. And then there are others who would suggest – ‘How you can get rich like Warren Buffett‘.
If you have also come across such promises or claims, and have started to believe that you or your kid can really become the next Warren Buffett, see this..
A few interesting items for your reading pleasure:
- Aha! Record price fails to dim rich investors’ craze for gold (Economic Times)
- Hmmm. Bill Gross: Four ways the gov’t is planning to steal from you now (Zero Hedge)
- Crisis? We Are at the Cusp of a Global Move into Gold and Silver (Daily Wealth)
- Nothing’s new! Biggest PF fraud: ‘BL Kashyap & Sons’ accused of Rs 593 cr scandal (Economic Times)
- Really? India’s Frustration With Corruption Boils Over (Bloomberg)
- Nice! Where does the money come from (Pragmatic Capitalism)
What are you reading?
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A few interesting items for your reading pleasure:
- Bad times! Brokers take SIP route to win over investors (Economic Times)
- Oops! Bad loans grow fastest in five years (Mint)
- Role reversal? India to give $2bn to fund bailouts in Europe (Economic Times)
- Hmmm. How Apple would solve the debt crisis (Market Watch)
- Nothing new here. PIMCO CEO: US worse off from debt debate (CNN Money)
- Funny! The Great Debt Ceiling Debate! (Havoc On The Hill)
- Good! Rakesh Jhunjhunwala to give away 25% of wealth for philanthropy (Economic Times)
- Getting social. India Inc looks beyond Facebook, Twitter (Times of India)
What are you reading?
A few interesting items for your reading pleasure:
- India Needs to Raise Rates to Slow Inflation (Bloomberg)
- Speed can and will kill (Mint)
- Superinvestor Mark Mobius: Emerging markets are safer than the U.S. (The Guru Investor)
- Brazil, India and South Africa Must Do More to Be Powers (Bloomberg)
- Govt keen to free diesel and LPG prices: Pranab (Yahoo India Finance)
- Why you must invest in art (Business Standard)
- Also read: It’s the Cash Flow, Stupid
What are you reading?
Economists are sometimes defined as people who don’t believe things work in practice until they can be proven in theory.
One such economist was Karl Marx, who used a remarkably simple theoretical formula to define the practicality of the capitalist system.
Marx’s formula was as simple as:
A few interesting items for your reading pleasure:
- Obama: We have a deal (CNN)
- Debt ceiling: 10 lessons beyond that crisis (Washington Post)
- Give growth figure, not CAGR, in ads: Sebi (Mint)
- India Inc Q1: Robust growth, but profit under pressure (Economic Times)
- India Shunning `Big Bang’ Two Decades After Opening Endangers Singh Legacy (Bloomberg)
- Marc Faber on Gold, Silver, Deflation and the US Economy (Lew Rockwell)
- Rupee most undervalued currency in the world: Big Mac index (Economic Times)
What are you reading?
The US President Barack Obama recently admitted that America faces a “dangerous stalemate” over how to prevent the country defaulting on its debt.
In fact, Obama and his team just have two days left to:
Now the irony is that, in reality, it is no more an ‘either-or’ decision. Doing the first and sacrificing the second, or vice versa, the US is in deep trouble!
[Read more…] about Debt Is Dangerous. Just Ask America!
The brain we have on the top of our head isn’t a flawless machine.
It is definitely powerful and comes in an easy to carry container. But it has its weaknesses.
In everyday terms, we call such weaknesses as ‘biases’. The good part is that while we cannot exchange our brains with other people nor can we upgrade it at a hardware shop, we can avoid mistakes that our biases cause by just taking notice of them.
[Read more…] about Your Brain on Stocks
“It’s impossible to predict the future, but humans can’t help themselves. From the economy to the presidency to the Super Bowl, educated and intelligent people promise insight and repeatedly fail by wide margins. These mistakes and misses go unpunished, both publicly and in our brain, which has become trained to ignore the record of those who make them. In this hour of Freakonomics Radio, we’ll dream of the day when bad predictors pay.”
Listen to the radio here: [audio:https://www.podtrac.com/pts/redirect.mp3/audio.wnyc.org/freakonomics_specials/freakonomics_specials060411.mp3]