Some stuff I am reading today morning:
Trump withdraws US from Iran nuclear deal (NYTimes)
IPO Review: Indostar Capital (Quint)
The Indian Rupee is under pressure (CNBC)
Smallcaps can be brutal (Nooresh)
Ajay Piramal’s deal with Piyush Goyal (Quint)
The other Wipro (Forbes)
Tracking investments instead of expenses (Free Fincal)
How to arbitrage human nature (Jim O’Shaughnessy)
Making and losing fortunes on machine gun roulette (Katusa)
Why winners keep winning (Of Dollars & Data)
Roy Tolles was the Founder of a top US Law firm and one of the earliest partners of Charlie Munger.
What I learnt from him:
You can use the contrast effect to fatigue the middle man and get a better deal for yourself
–From the 2018 Berkshire Hathway AGM
Once Roy Tolles wanted to buy a house in San Marino and have lot of kids and so he sent his wife Martha out to make offers on several houses.
She offered 50% of list on every house.
She finally found one they both really liked and offered 80%, and the worn-down agent was so happy to get a bid like this that he said he would work very hard on the seller and didn’t want six more months of Roy bidding 50%.
Source: WhatsApp Forward
Some stuff I am reading today morning:
Is buying Crypto Assets “investing” ? (A VC)
How Sivasankaran came to owe Tata Companies 900 Cr (BS)
Interview with Anoop Bhaskar (Morningstar)
India courts ‘bond tourists’ (Reuters)
Britannia’s bet of dairy yet to pay off (Mint)
Stock Talk: Gujarat Poly Electronics (Bullbull)
Stock Analysis: KRBL Ltd (Harish Balani)
Why I recommend Gold (DR)
The Compound (Michael Batnick)
Buffett’s 3 best investing tips (CNBC)