Linkfest:Nov 06, 2012

Some stuff I am reading today morning:

In 15 years, 600 Mn jobs needed to keep up with current employment level (BusinessLine)

What foreigners want from Chattisgarh (WSJ)

Maruti’s workers plan hunger strike (ET)

Deepak Parekh attacks Arvind Kejriwal (FE)

Allahabad Bank’s chief begins cleanup (Mint)

Stock Options gain traction on NSE (BS)

How to choose a debt fund (OneMint)

Cash as Trash, Cash as King (InsideInvesting)

Six Month Switching Strategy (AllETF)

Hope can kill your portfolio (OldSchool)


Diyas, Oil and the Stock Market

Had gone shopping for diyas and oil for Diwali.The high price of oil gave me a minor sticker shock.

A bit of data digging reveals that Solvent Extractors have been the worst performers of the stock market.

Check out the last one years performance (2 Nov 2011-2 Nov 2012):

KSE (-11.29%)

RuchiSoya (-39.27%)

Gokul (-55%)


RajOil (-78.35%)

So just like you can have high realty prices but lousy real estate stock prices, you can have high oil prices but lousy stock prices.

Banks Video

Chanos still shorting China Bank Shares

Aren’t Indian PSU Banks in the same boat…?


Linkfest:Nov 05, 2012

Some stuff I am reading today morning:

Debt market FII inflows hit 8 month high (FE)

The other Wipro (Mint)

A great interview with Nusli Wadia (BS)

The riot and the rot (Open)

A portal that let you invest in gold at wholesale prices (FirstPost)

Guaranteed way to lose money (OneMint)

The World’s best investing checklist (SafalNiveshak)

Hidden billionaire in Indonesia reaps gains from palm oil (Bloomberg)

Traders copy academics who copy traders (Dealbreaker)

Investing lessons from the 18th century (WSJ)


Book Review:More Money than God

This post is in continuation of my book review series (see here)

The book “More Money Than God” by Sebastian Mallaby is one of my favorite books.

It traces the history of hedge funds from the time  of  Alfred Winslow Jones to present times.

I just love the way he catalogs the successes and failures of the strategies of different hedge fund managers.

For the serious investor, there are lots of learnings in this book.Why some strategies work at some point in time, why some don’t , how competition / imitation can destroy the best of strategies etc

You get a new found respect (or awe) for some of the best brains in the business, especially George Soros.

It also full of great anecdotes and one liners.One more memorable one liner is the one uttered by Robertson of Tiger Funds talking about his spectacular fund performance “It’s me and the patsies !!”

I would strongly strongly recommend to read this book…its a must have for all those managing funds/portfolios.