So part of what benefited us was that we’re risk-averse.
I have a saying: There are no brave old people in finance.
Because if you’re brave, you mostly get destroyed in your 30s and 40s.
If you make it to your 50s and 60s and you’re still prospering, you have a very good sense of how to avoid problems and when to be conservative or aggressive with your investments.
Some stuff I am reading today morning:
The great Indian hope trick (Mobis)
ESOPs lose their sheen (ET)
Reliance AMC eyes valuation of 20,000 Crores (BS)
RBI Vs Govt (Quint)
Ethereum cryptocurrency sky rocketed 3000% in 2017 (MC)
“There are no brave,old people in Finance” (Bloomberg)
A tale of two markets-politics & investing (Aswath Damodaran)
Brazil Billionaires are going to jail (Climateer)
Essential personal finance rules for dummies (Stock Charts)
There is no free lunch (A VC)
1)Reliance com all time high 844.
2)@MoodysInvSvc downgrades at cmp 20.
3)Reminds me of movie'Tubelight'.
4)Are rating agencies also rated?— Vijay Kedia (@VijayKedia1) June 7, 2017
Some stuff I am reading today morning:
Final Notification on LTCG is out (Mint)
RBI seen on hold (ET)
IT Department cracks the whip on penny stock promoters (MC)
Biscuit makers are pissed off (BS)
Dilip Sanghvi lost $14 Billion in two years (Bloomberg)
Nifty could triple in the next 5 years (Ridham Desai)
Grey market for IPOs-A Case for regulation? (NIPFP)
Keep it simple (Janav)
A lesson from Buffett on the power of liquidity (OfDollars&Data)
The 1000% Backdoor strategy (James Altucher)