Here come the Chinese and Indians
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Chart:The Really Long View of World Economy
Author: Raoji
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Warren Buffett on Banks
Hat Tip Sanjay Bakshi
[gview file=”https://alphaideas.in/wp-content/uploads/2014/02/Buffett-on-Banks.pdf”]
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HSBC:Worrisome Data coming out of India
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Linkfest:Feb 20,2014
Some stuff I am reading today morning:
Facebook to buy Whats App for $19 Billion (ET)
Four numbers that explain why Facebook acquired Whats App (Sequoia)
United Bank of India blames Infosys software for NPA Bloopers (FE)
The Govt has tripled the pay of babus every decade (BL)
Piramal Enterprises lists potential investment areas (Mint)
Eyeing bumper returns from Vasan (BS)
Reading the Balance Sheet-Abusing Capital (Bala)
Mistakes young investors make (Subramoney)
7 important tax saving investment questions answered (GoodMoneying)
Six lessons on Systems Trading (SMB)
Crazy pics from a raid on a Mexican Drug Lord’s Palace (Imgur)
After I was in the business for a couple of years, I made a lot of money and I thought, this is easy. I was selling short, I waited for the market to rally, I took all of my money and I sold short. Within 2 months, I was wiped out, I lost everything. I knew what I was doing about the companies, they all went bankrupt eventually. But in the meantime they all skyrocketed and I did not have staying power so I lost everything.
I realized how much I did not know about markets, about other people`s emotions. I realized there was a great deal that I needed to learn. Markets are not rational and you have to factor that in. Eventually they are rational, but there are times when they are not.-from Jim Rogers on the Markets