“Having used brilliantly-crafted words to buy a few weeks of market tranquility, the last thing central bankers want today is to use Jackson Hole to prematurely signal the difficulties of implementing on their own sufficient follow-up actions.”-wrote Mohamed El Arian in FT
Some stuff I am reading today morning:
Novak Djokovic and the art of patient investing (SafalNiveshak)
The JP Associates FCCB issue (CapitalMind)
Backtests aint worth the pixels they are written on (MarketSci)
Howard Lindzon 12 rules to invest and enjoy (TRB)
The unintended consequences of QE (FTAlphaville)
What became of Midas’s sons? (CassandraDoesTokyo)
Valuing the iPhone franchise (AswathDamodaran)
Way back in end March, I had blogged about the bull run in Multiple System Operators due to the Cable Digitization Bill.
Well, since then, the bull run has continued as can be seen from the performance below:
WWIL (121.25%)
DEN (13.67%)
Hathway (6.91%)
Too bad Parliament is stalled else it would have generated some more stock picking ideas !!
Another great poem from Cavafy…suitable for amateur traders.
Possessed by fear and suspicion,
mind agitated, eyes alarmed,
we desperately invent ways out,
plan how to avoid the inevitable
danger that threatens us so terribly.
Yet we’re mistaken, that’s not the danger ahead:
the information was false
(or we didn’t hear it, or didn’t get it right).
Another disaster, one we never imagined,
suddenly, violently, descends upon us,
and finding us unprepared—there’s no time left—
sweeps us away.
Jiro is the greatest sushi chef in the world.And yet, he feels he has a long way to go before he masters his craft.I love the way he says “You must love your job.You must fall in love with your work” -(Hattip AbnormalReturns)