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Excerpts

The state of Silicon Valley today

Hat Tip Rohit

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Links

Linkfest: September 16,2014

Some stuff I am reading today morning:

Why you shouldn’t invest like your parents (ET)

WPI Inflation Vs The Repo Rate (Mint)

Buying a diesel car makes less economic sense now (FE)

Fund raising via QIPs reaches record highs (BS)

Why some anomalies seem to persist (Swedroe)

On the advantages of mechanical strategies (Systems Trader)

Carl Icahn drives a hard bargain at work and at home (Dealbreaker)

The one word every IPO investor needs to know (Daily Reckoning)

Where is the money?Perils of investing abroad (CBC)

Warren Buffett on learning from Ben Graham (ValueWalk)

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Collectible Video

Building a watch portfolio:The four brands to invest in

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Links

Linkfest: September 15,2014

Some stuff I am reading today morning

The curious case of the Citibank fraudster (Mint)

Whats next for India’s life insurers (Business Today)

Impact of social media on investing (Prashant)

This time it is different (Kiran)

Mall space in Pune goes abegging (FE)

HNIs,Indian funds eye Alibaba IPO (FirstBiz)

Fireside chat with Charlie Munger (Moneybeat)

How to preserve capital during a bear market (WealthOfCommonSense)

Carol Loomis:60 years in business journalism (CJR)

Hard money is not a mistake (Interfluidity)

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Excerpts

Basant Maheshwari on Value

Now, a great management in a great business creates tremendous value. Like Narayana Murthy with Infosys.

A great management in a bad business will lose value. Like Tata Sons with Tata Steel.

A bad management in a great business will lock value. Take, for instance, Vijay Mallya with United Spirits.

A bad management in a bad business will always blow up value. Like Vijay Mallya with Kingfisher Airlines.-said Basant Maheshwari