"People want investments to go up like a line. That's not reality. You make 80% of your money in 20% of the time & you have to be patient."
— Tren Griffin (@trengriffin) August 16, 2014
What Raghuram Rajan thinks of the markets
“Six years since the financial crisis, central banks still have their foot fully on the accelerator . . . [pushing] credit into emerging markets,” he says. “We don’t know how this will end . . . It may end smoothly, if we let the air out of these inflated markets slowly, or by a series of mini-crises. But it may be more dramatic if, one fine day, suddenly the world realises the US is going to raise interest rates quite quickly . . . then the air will go out much faster.”-from FT
On the need for an Advisor
Hat Tip Kalpen Parekh
The 80/20 rule of investing
Weekend Mega Linkfest:14 Aug,2014
Some off beat reads for the long weekend:
3 wishes of Sonia that Natwar respected (GossipGuru)
The Sadness of the Comic (GreatBong)
Must Have Apps for your Android phone (Labnol)
Travelogue:Short Trip to Amritsar (TeamBHP)
Travelogue: 3000 Kms roadtrip to Kutch (TeamBHP)
The most wanted man in the world (Wired)
The Yazidis-A people who fled (Atlantic)
Chinese town does brisk trade in Cambodian wives (MarketWatch)
The wrath of Imran Khan (Economist)
Antartica’s blood red waterfall (Smithsonian)
Iraq and Syria’s poetic borders (NewYorker)
Pakistan Army’s official take on the 1948 invasion of Kashmir (IDR)
The Caste Factor in Indian Television (Newslaundry)
Naipaul and the Hindu gangsters of Bombay (OutlookIndia)
CPM-Headed for a free fall (Tehelka)
I-Day:Real Freedom from Sickulars (MediaCrooks)