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Video

Put idle cash to work

Source: MoneyKraft

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Cartoon

The Wife Knows

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Links

Linkfest:February 06,2015

Some stuff that I am reading today morning:

KBC 5 Crore winner goes broke (HT)

How rich Indians are investing in startups (ET)

Investors buy big into the HDFC Bank story (FE)

HDFC Sec Research Report:UPL (MyIris)

Travails of a trader (Prashant)

5 reasons you deserve to lose every penny in the stock market (BCLund)

Harvard tells Profs not to sleep with undergrads (Bloomberg)

Seth Klarman:What I’ve learnt from Warren Buffett (FT)

Why does Bill Gross have a financial advisor? (CommonSense)

Bill Clinton’s son-in-law blows up his fund on Greece (RT)

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Excerpts

Word game with Paul Tudor Jones

Q: Let’s play a word association game. I’ll say a word and you say whatever comes to mind.

Q: Technical analysis

Paul Tudor Jones: Made well over half the money that I’ve made in my lifetime.

Q: Fundamental Analysis

Paul Tudor Jones: Made the rest.

Q: Are you better at one or the other?

Paul Tudor Jones: Probably technical analysis.

Q: Market efficiency

Paul Tudor Jones: No such thing.

Q: Long Term Capital Management

Paul Tudor Jones: Icarus.

Q: Black Monday

Paul Tudor Jones: It was like watching a natural disaster from the sidelines. I was intimately involved in that day, but the macro implications of what was happening overwhelmed any personal considerations that I had.

Q: Warren Buffet

Paul Tudor Jones: His aversion to paying taxes made him a great investor.

Q: Kids

Paul Tudor Jones: The most fun you’ll ever have.

Q: Environment

Paul Tudor Jones: The second most fun you’ll ever have.

Q: The Internet

Paul Tudor Jones: A wonderful delivery mechanism that’s overhyped.

Q: Day Traders

Paul Tudor Jones: 95% losers.

Q: Wall Street

Paul Tudor Jones: The last great frontier. I went there with nothing. You can go there with nothing and do whatever you want to do.

from Paul Tudor Jones Interview

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Cartoon

Trade Secret