Author: Raoji
Linkfest:Feb 28,2014
Some stuff I am reading today morning:
Indian markets are hugely vulnerable (BS)
CBI unearths 45,000 Crore Ponzi Scheme (FE)
Speech by Raghuram Rajan on fighting inflation (RBI)
Right to Food or Right to Loot (FirstBiz)
Nailing the Private Equity Firm Interview (WSJ)
Buffett Vs Asness on Bonds (TurnkeyAnalyst)
WhatsApp and the Wild,Wierd,Wacky World of Investing (InefficientMarkets)
Sustaining Ukraine’s breakthrough (GeorgeSoros)
The Hurt Mafia (Mediacrooks)
The sexist analogies of Warren Buffett (DealBreaker)
The mood in America-Everything is awesome (TRB)
Priceless Advice from AQR’s Cliff Asness
One of the few things we do know is that over three to five years, pretty much everything has shown some systematic, if certainly not dramatic, tendency to mean revert (especially when one accounts for and avoids the powerful effect of momentum at shorter horizons). This means that when we rely on three- to five-year periods to make decisions—favoring things that have done well over this time period and shunning things that have done poorly (note the past tense)—we aren’t just using data meaninglessly; rather, we are using data backwards. Essentially, with a disciplined approach, value and momentum are both good long-term strategies, but you don’t want to be a momentum investor at a value time horizon.-from CapitalSpectator
Sure I use fundamentals, but only intra-day.
— Irrelevant Investor (@michaelbatnick) February 26, 2014