Some stuff I am reading today morning:
Capt. Gopinath’s new flight plan (BS)
The iron ore conundrum (Mint)
NSE rejigs charges (MoneyControl)
Ray Dalio on Europe (BusinessInsider)
Volatility,correlation and dispersion trades (ClimateerInvesting)
Marketing is dead (HBR)
Valuation Class online (AswathDamodaran)
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.
“All 500 S&P companies have the same chairman and his name is Ben Bernanke,” says Jurrien Timmer of the Fidelity Global Strategies Fund.
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.