A great chart which explains why you can have a bull market without retail investor interest.Amazed to know that S&P 500 equity is shrinking by 3% every year due to buybacks.
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Author: Raoji
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The Common Chairman
“All 500 S&P companies have the same chairman and his name is Ben Bernanke,” says Jurrien Timmer of the Fidelity Global Strategies Fund.
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Linkfest:Sept 12, 2012
Some stuff I am reading today morning:
VA Tech Wabag a beneficiary of a mega trend (Bloomberg)
Interesting observation on open offers (NeerajMarathe)
Stock talk on Cera Sanityware (SafalNiveshak)
Michael Lewis profile of Barack Obama (VanityFair)
End of alpha spells trouble for fund managers (FT)
John Paulson is the most resourceful fund manager (DealBreaker)
Sensible investors doing boring stuff (Abnormalreturns)
I was in New York when the planes crashed into WTC.This day changed the world forever.The wars in Afghanistan,Iraq,lowering of the Fed rates,subsequent housing bubble and the current recession can all be traced to that fateful day.
Below is a clip by Jon Stewart on that day.His words “I shall grieve but I shall not despair” resounded with millions of viewers and has made this clip a cult.
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What is the point of Rahul Gandhi?
Promoting Mr Gandhi now would in theory make sense for Congress. He has long been presumed the successor-in-waiting to Sonia Gandhi, his mother and the party’s president. He needs time to start showing some skills as a leader before campaigning starts in 2014. And for as long as Mr Gandhi does not rise, it is hard for other relative youngsters to be promoted without appearing to outshine him. That has left Congress looking ever older and more out of touch.
But he has long refused to take on a responsible position, preferring to work on reorganising Congress’s youth wing, and leading regional election efforts, both with generally poor results. The problem is that Mr Gandhi has so far shown no particular aptitude as a politician, nor even sufficient hunger for the job. He is shy, reluctant to speak to journalists, biographers, potential allies or foes, nor even to raise his voice in parliament. Nobody really knows what he is capable of, nor what he wishes to do should he ever attain power and responsibility. The suspicion is growing that Mr Gandhi himself does not know.-from the Economist