This post is in continuation of my book review series (see here).
Breakout Nations is written by Ruchir Sharma who is the Head of Emerging Markets, Equity at Morgan Stanley.
The book covers various emerging and frontier economies including China, Brazil,India,Russia,Korea,Mexico, Turkey etc
What I love about the book is that the author gives a historical context to the situation, explains whats going on currently and tells of the possible outcomes for the future.
The book is full of anecdotes and earthy wisdom.One phrase is “Locals are the first to know” i.e. locals know better than foreigners about the local markets/situations etc.
Considering the contrast in the Indian markets right now-local investors are selling and getting out of equity while foreign money is pouring money into the equity markets; “Locals are the first to know” indicates which side of the market will eventually win !!
I would strongly recommend this book to investors with a macro bent of mind.
This post is in continuation of my site review series (see here).
First Choice IPO Analysis is a blog written by K A Prasanna.
As the name suggests, it usually covers IPOs for Indian equities and offers a buy/sell opinion on the same.
Since the Indian IPO pipeline is quite dry, Prasanna has taken to commenting on market events as well.
Some of his posts are fairly interesting-like his analysis of merchant bankers etc
The blog is useful for readers who want an unbiased view on forthcoming IPOs.
Check it out for yourself !!
Some interesting off beat reads for the weekend:
Its time for Obama to bite the hedge fund sharks (NewYorker)
Mumbai after Thackeray (Open)
Why the existence of Pakistan is not in India’s interest (IDR)
The Deccan revolts (OutlookIndia)
500 Dalit homes burnt in Tamil Nadu (Tehelka)
Now showing Modi in 3D (NewsLaundry)
Time is running out for Sunil Mittal (ForbesIndia)
Funny facts from the mutual fund factsheet (MoneyLife)
Kashmiri Pandits were offered three choices (IDR)
Chimps and orangutans have midlife crises (Smithsonian)
The Expendables:The French Foreign Legion (VanityFair)
Anshu Jain gets silent treatment (Businessweek)
In search of the magical penis thieves (Harpers)
Unraveling the internet’s oldest mystery (DailyDot)
Time and light in Shyam Benegal’s Trikaal (JaiArjun)
Obituary:Bal Thackeray (Economist)
Spoof:Manmohan Singh realizes he is the PM after watching TV (UnrealTimes)
Fiction: Bull by Mo Yan (NewYorker)
Auto Review: Honda Amaze 1.5L diesel (TeamBHP)
Movie Review:The gorgeous Life of Pi is transcendent (Edelstein)