Source: Charles Billelo
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Mayhem in the Currencies Markets
Source: Charles Billelo
Author: Raoji
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Linkfest: 31 August, 2018
Some stuff I am reading today morning:
Govt running out of tricks to keep Air India flying (ET)
Wealth managers emerge as links between VCs & Capital (Mint)
How Nirav Modi committed India’s largest bank fraud (BS)
Honeywell: Connecting the Dots (OB)
IndusInd Bank: A cut above (Forbes)
Is the “Melt-Up” Back ? (Daily Reckoning)
Shorting can make you lose 99.79% of your money (Charles)
Why doesn’t the stock market care about the news? (CS)
The negatives of early retirement life (Financial Samurai)
Atoms & Bits (A VC)
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On Afternoon Naps
As most people know, I am a huge fan of afternoon naps.
In fact, my wife jokes that the main reason I quit my corporate career to become a full time investor, was so that I could sleep in the afternoon.
As such,I was delighted to know that I am just following the foot steps of the Greats:
Mohnish Pabrai: Usually, I take an afternoon nap on most days. It is highly recommended. The funny thing is I was visiting Warren Buffett a few years back and Guy Spier, my friend who was with me, said: Warren, Mohnish has a nap room and he asked Warren, do you have a nap room? I was surprised Warren said yes. It just works from a productivity point of view.
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The New India
Sanjeev Sanyal is the Principal Economic Advisor in the Ministry of Finance,Govt of India.
In this superb talk, he explains the Modi Govt’s thought processes on the IBC,GST etc.
It’s a long watch, but well worth your time.
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Ashish Chauhan’s Revenge
BSE Ltd. has now applied for an extension in trading hours for the equity market as well, Managing Director and Chief Executive Officer Ashish Chauhan told BloombergQuint in an interview. “All of us need to work hard. India needs to develop further.I am sure investors will slowly adjust (to the extended trading hours) like we did in 1994-95.”
The exchange’s shares have declined nearly 21 percent so far this year, while the benchmark S&P BSE Sensex Index has risen over 14 percent during the same period.
Maybe this is Ashish Chauhan’s way of screwing the investor community for not trading on his exchange.