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Be the Village Idiot

Source : Richer, Wiser, Happier – William Green
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Push & Tweet

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Linkfest: 25 May, 2021

Some stuff I am reading today morning:

Osaka crumples under Covid-19 onslaught (Reuters)

Adani Group plans 2m tonne/year Coal-to-PVC plant (ICIS)

Is the metal rally over? (FE)

Zeta turns Unicorn (Entrackr)

Facebook’s new gameplan for India (Fortune)

Rotating out of the Rotation (Pratyush Rastogi)

Is it worth including cryptocurrency in your portfolio? (BS)

Is Stellar Crypto worth it? ( Corey Mann)

Inside the rise and fall of shit coins ( Vanity Fair)

Why China banned cryptocurrency but backs digital yuan (CGTN)

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Lou Simpson in Six Words

Lou Simpson was one of the greatest investors of all time.

His wisdom condensed in Six Words- Buy Cheap, Hold Expensive, Sell Rarely

Buy Cheap

We try to be disciplined in the price we pay for ownership even in a demonstrably superior business. Even the world’s greatest business is not a good investment if the price is too high.

Hold Expensive

This is often the most difficult, because you’re investing in something you wouldn’t buy at current prices, but you don’t want to sell because it’s a really good business and you think it’s ahead of itself on a price basis. It might be worth holding on to it for a while.

Sell Rarely

If I’ve made one mistake in the course of managing investments it was selling really good companies too soon.

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Dont mess with Russia

Source : FT