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Cartoon

The Wife Knows

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Links

Linkfest:February 06,2015

Some stuff that I am reading today morning:

KBC 5 Crore winner goes broke (HT)

How rich Indians are investing in startups (ET)

Investors buy big into the HDFC Bank story (FE)

HDFC Sec Research Report:UPL (MyIris)

Travails of a trader (Prashant)

5 reasons you deserve to lose every penny in the stock market (BCLund)

Harvard tells Profs not to sleep with undergrads (Bloomberg)

Seth Klarman:What I’ve learnt from Warren Buffett (FT)

Why does Bill Gross have a financial advisor? (CommonSense)

Bill Clinton’s son-in-law blows up his fund on Greece (RT)

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Excerpts

Word game with Paul Tudor Jones

Q: Let’s play a word association game. I’ll say a word and you say whatever comes to mind.

Q: Technical analysis

Paul Tudor Jones: Made well over half the money that I’ve made in my lifetime.

Q: Fundamental Analysis

Paul Tudor Jones: Made the rest.

Q: Are you better at one or the other?

Paul Tudor Jones: Probably technical analysis.

Q: Market efficiency

Paul Tudor Jones: No such thing.

Q: Long Term Capital Management

Paul Tudor Jones: Icarus.

Q: Black Monday

Paul Tudor Jones: It was like watching a natural disaster from the sidelines. I was intimately involved in that day, but the macro implications of what was happening overwhelmed any personal considerations that I had.

Q: Warren Buffet

Paul Tudor Jones: His aversion to paying taxes made him a great investor.

Q: Kids

Paul Tudor Jones: The most fun you’ll ever have.

Q: Environment

Paul Tudor Jones: The second most fun you’ll ever have.

Q: The Internet

Paul Tudor Jones: A wonderful delivery mechanism that’s overhyped.

Q: Day Traders

Paul Tudor Jones: 95% losers.

Q: Wall Street

Paul Tudor Jones: The last great frontier. I went there with nothing. You can go there with nothing and do whatever you want to do.

from Paul Tudor Jones Interview

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Cartoon

Trade Secret

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Links

Linkfest:February 05,2015

Some stuff I am reading today morning:

Nestle is getting paid to borrow money (WP)

7 small cap stocks that have caught the fancy of FIIs (ET)

Dolly Khanna escapes the carnage in Hawkins Cookers (RJ)

IDFC Securities Research: Persistent Systems (DeadPresident)

Sugar companies seek to restructure debt (Mint)

It’s your fault (Fool)

How to review your mutual fund portfolio (FreeFinCal)

Gauging the financial crisis endgame (Credit Writedowns)

The power of lower oil prices (Blackstone)

Trading and investing as entrepreneurship (TraderFeed)