Buffett has often said, “I could improve your ultimate financial welfare by giving you a ticket with only twenty slots in it so that you had twenty punches – representing all the investments that you got to make in a lifetime. And once you’d punched through the card, you couldn’t make any more investments at all. Under those rules, you’d really think carefully about what you did, and you’d be forced to load up on what you’d really thought about. So you’d do so much better.”
Author: Raoji
We are in a Big Fat Ugly Bubble
Now, look, we have the worst revival of an economy since the Great Depression. And believe me: We’re in a bubble right now. And the only thing that looks good is the stock market, but if you raise interest rates even a little bit, that’s going to come crashing down.
We are in a big, fat, ugly bubble. And we better be awfully careful. And we have a Fed that’s doing political things. This Janet Yellen of the Fed. The Fed is doing political — by keeping the interest rates at this level. And believe me: The day Obama goes off, and he leaves, and goes out to the golf course for the rest of his life to play golf, when they raise interest rates, you’re going to see some very bad things happen, because the Fed is not doing their job. The Fed is being more political than Secretary Clinton-said Donald Trump in the first Presidential Debate
Chart: Bank NPAs
Source: Third Eye View
Linkfest: September 27, 2016
Some stuff I am reading today morning:
Vodafone values Indian arm at Rs.93,400 Crores (Quint)
Deutsche Bank shares fall to lowest level since 1980s (Guardian)
Sunil Mittal Vs Mukesh Ambani-Round 2 (Mint)
Customer Feedback on a few brokers (Subramoney)
The complete list of Mutual Fund Returns (FreeFincal)
The dubious rise of Monthly Dividend Plans in Equity Schemes (MFCritic)
Comments on Investment Philosophy (Bronte Capital)
The Fight to keep it Simple (CS)
Bull Markets are the hardest part (PragCap)
Instant lending made this college dropout a Billionaire (Bloomberg)