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Hat tip Harish Nagpal
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Linkfest:Oct 16,2013
Some stuff that I am reading today morning:
Sadhu dreams of 1000 tonnes of buried gold,ASI starts excavation (TOI)
NSE declares prime broking as defaulter (Mint)
TCS ‘engines’ working well in all markets (BS)
FIR against Kumarmangalam Birla:India Inc Shocked (ET)
Commie India’s anti-Hindu poison (Mediacrooks)
John Bogle misses the boat on rebalancing (Servo)
A dozen things I’ve learned from Bill Ruane about investing (25iq)
What the great Fama Shiller debate taught us (HBR)
Does SEBI have powers to settle a violation? (MenakaDoshi)
Uncle Sam has already defaulted (Firstpost)
Can investment research be crowd sourced? (IntegrityResearch)
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Scott Adams on Luck
“If you drill down on any success story, you always discover that luck was a huge part of it. You can’t control luck, but you can move from a game with bad odds to one with better odds. You can make it easier for luck to find you. The most useful thing you can do is stay in the game. If your current get-rich project fails, take what you learned and try something else. Keep repeating until something lucky happens. The universe has plenty of luck to go around; you just need to keep your hand raised until it’s your turn. It helps to see failure as a road and not a wall.”-wrote Scott Adams