Author: Raoji
Linkfest:Dec 10, 2012
Some stuff that I am reading today morning:
Indian economy may beat expectations by 2013:GS (FE)
E-commerce firms face survival test (Mint)
Sahara and Ponzi schemes (Firstpost)
IPO Analysis: P C Jeweller (FirstChoiceIPO)
Bunting’s laws of investing (BigPicture)
Is Greece in default again? (Felix)
Speak to wife 1& 3 (TRB)
Where Steve Cohen learned to trade (BusinessWeek)
What if ? (DailyReckoning)
Linkedin’s incredible year 2012 (BusinessInsider)
The big picture
Power is shifting from West to East. China has a population that is three times larger than that of the EU and an economy that will eventually be the world’s largest. India has more than a billion people. Indonesia’s population is three times that of the largest European country, and a host of countries – including Russia, Brazil, Mexico, Vietnam, the Philippines, and Egypt – have more people today than any EU member state.
This is crucial, because, as technology and capital become globally mobile, a realignment of GDP and population will occur: the larger a country’s population, the bigger its economy. The United States remains extraordinarily strong, with its military easily the world’s largest and best equipped, but its status as the world’s only superpower will become untenable.
That is the big picture. The case for the EU today is that member countries, including Britain, need its heft in order to leverage power in economics, trade, defense, and foreign policy, as well as to address global challenges like climate change. The EU gives Britain a weight collectively that it lacks on its own.
It really is that simple. I admire the idealism of Europe’s early founders, but the rationale for Europe today has nothing to do with idealism. It is brutal Realpolitik. In a world in which China and India both have populations 20 times that of the United Kingdom, Britain needs the EU in order to pursue its national interest effectively. With it, we count for more; without it, we count for less.
–wrote Tony Blair
You are not my partner
One of the best movies I saw this year was the movie “Arbitrage”.
The story is superb and the performances by the cast (esp Richard Gere) is crackling.
Just love some of the dialogues in the movie:
“You are not my partner.You work for me” ( a father to his daughter)
“There is a thin line between getting rich and getting caught ”
Book Review:Suits
This post is in continuation of my book review series (see here)
Suits is a book written by Nina Godiwalla.Nina is a Parsi born and brought up in the US.
The book narrates how Nina got a job on Wall Street and her experiences there.
Since Nina is a woman/an immigrant/from a small town, she had to undergo a series of cultural and other shocks to be able to “fit in”.Here’s one telling anecdote of how Wall Streeters perceive themselves:
Back to our clients,You do realize that they want to be us.They are infatuated with us, and we live out their dreams.That’s why they keep coming back.Don’t forget this is as good as it gets.That’s why you came here.Isn’t it?We’re not reporting in to some head of marketing or crap like that.Instead, we’re telling their CEOs and CFOs what to do.Don’t forget that you’re with the best of the best.
After reading this book, one wonders if any woman would like to work on Wall Street !
Would recommend this book to readers who want to get a feel of how Wall Street companies work !