Source: Shyam Sekhar
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Anil Goel on Market Timing
Source: Shyam Sekhar
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Linkfest: November 13, 2017
Some stuff I am reading today morning:
New India Assurance to list today (MC)
Investments abroad?Be ready to get questioned (ET)
GST collections gain momentum (Mint)
Stock Exchanges want longer trading hours (BL)
Learnings from four decades of investing (Subramoney)
Stock Talk: Royal Orchid Hotels (RJ)
Why a $10 instability premium could return to the oil market (Katusa)
Ditch that nine-to-five job now (Alpha Baskets)
How to retire happy (DR)
How satellites,drones and planes are making hedge funds money (Climateer)
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Top Clicks on Alpha Ideas This Week
Here are the most clicked items on Alpha Ideas this week:
Why Gujarat Borosil reminds me of Sholay (AI)
Mega Trend: Urbanisation and Mega Cities (AI)
Are you buying midcaps? (Bala)
Portfolio of Govindlal Parikh (AI)
Chart: India Housing Market (AI)
Real Estate: A hard landing looms (Saurabh Mukherjea)
Crash in pharma stocks triggers market wide panic (BL)
National Peroxide: Thief gets 36 Crores,Investor get 12 Crores (AI)
How Prince Alwaleed became a Billionaire (Morningstar)
The inside story of the Saudi night of long knives (ATimes)
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Book Review: The Drunkard’s Walk
The Book ‘The Drunkard’s Walk-How randomness rules our lives’ is written by Leonard Mlodinow.
Uncertainty, randomness, chance or luck is an essential part of our lives.
Yet we understand very little of it. Of course, in India, we attribute good luck or bad outcomes to karma or “God’s wish.”
The book tries to explain randomness using mathematics,probability and statistics.
Written in a humorous way, the Book explains with numerous instances how these basic tools can help us understand randomness.
One example which strikes me is the example of a Frenchwoman called Jeanne Calment
When she was 90 years of age, she made what is possibly the first reverse mortgage deal.
She stuck a deal with a 47 year old lawyer that in return for a small monthly payment, he will get her apartment on her death with no further payments.
The lawyer thought this was a great deal.The average life expectancy in France was 80 years and obviously, this lady had overstayed her welcome on Planet Earth by 10 years.
He took the offer, not realizing that the relevant issue was not whether she should die in minus 10 years but that here life expectancy,given that she had already made it to ninety, was about six more years.
The lawyer kept making the payments and waited for Jeanne to die.
The result was not what he expected.
Jeanne passed away at the age of 122.The lawyer had died long before that !
If the lawyer had known Baye’s theory, he would not have taken up this deal.
Do buy the book if interested in probabilities, randomness and luck.
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Weekend Mega Linkfest: November 10,2017
Some off beat reads for the weekend:
The inside story of the Saudi night of long knives (ATimes)
Albania: Land of Vendettas (VQR Online)
Shenzhen: First city to have all-electric bus fleet (SCMP)
The ugly truth of the first world war (Pankaj Mishra)
How Britain did Gaddafi’s dirty work (Guardian)
Russian money in Silicon Valley (Atlantic)
The inside story of Venture Capital’s messiest breakup (Wired)
The woman who tried to take down Darwin (Smithsonian)
Battle for Gujarat: Amit Shah in the vanguard (Open)
Tamil Nadu: Star studded contests (Gossip Guru)
Spoof: Obama sinks family savings (The Onion)
Two daughters and sons-in-law (Jawed Naqvi)
Remembering Dina, Jinnah’s daughter (Akbar Ahmed)
The return of Malayalam Cinema’s only female superstar (Caravan)
The new Directors of Bollywood (Outlook)