See Wiki for What is Pascal’s Wager?
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Author: Raoji
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Linkfest: October 06,2016
Some stuff I am reading today morning:
Mutual Funds AUM hit record high (Mint)
Whats happening at the HCL Info counter? (Gaurav)
Pound Sterling hits 31 year low (BL)
Gold crashes (DR)
Who will bail out Credit Suisse? (Zero Hedge)
The MF Performance reporting mess (MFCritic)
Marrying your equal is better than marrying rich (FS)
Great investors are great communicators (Irrelevant Investor)
Building a muscular portfolio (Insecurity Analyst)
Dumb Alpha: Just sit there ! (CFA Institute)
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Top 5 Indian Companies By Market Cap
Source: FE
| Rank | Company | Market Cap (In Crores) |
| 1 | TCS | 4,74,479.05 |
| 2 | Reliance | 3,56,173.98 |
| 3 | HDFC Bank | 3,28,132.19 |
| 4 | ITC | 2,93,523.65 |
| 5 | Infosys | 2,39,984.78 |
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AGM in a Temple
Attended and met management of a unique company … K G Denim about 70 kms away from Coimbatore …
Scheduled to start at 4 pm on 28th Sept … Reached at 4:05 pm … Not a soul was there except management … All over.
One needs to deposit mobile, shoes, bags before entering AGM hall …
It was part of a massive temple built inside factory premises
In temple building it is written “Only ISO certified temple in India” … Never knew ISO certifies temples !!
Management had no interest in serious discussion except showing temple and distributing Prasad and talking about divinity.
-wrote Aveek Mitra
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What game are you playing?
You can value an asset, based upon its fundamentals (cash flows, growth and risk) or price it, based upon what others are paying for similar assets, and the two can yield different numbers.
In public investing, I have argued that this plays out in whether you choose to play the value game (invest in assets where the price < value and hope that the market corrects) or the pricing game (where you trade assets, buying at a lower price and hoping to sell at a higher).
–wrote Aswath Damodaran