Linkfest:Nov 08, 2012

Some stuff I am reading today morning:

Rich buyers willing to pay premium even for litigation properties (ET)

Some traders caught flat footed (WSJ)

Obama win unhealthy for Indian IT (ET)

Dayanidhi Maran, Aircel-Maxis Nexus (FE)

Should TCS be afraid of Cognizant ? (Mint)

President Obama’s acceptance speech (WashingtonPost)

Games people play (PsyFiTec)

Buffett in a box:No,No, No (TRB)

UBS was just kidding when it fired scores of employees (Dealbreaker)

Marc Faber’s Asset Protection Plan (ZeroHedge)

Anecdotes Humor

The lighter side of Sardar Patel

Though Sardar Patel was known as a no-nonsense man devoid of any sense of humour, Nair has written about lighter moments featuring him. The one centres around VP Menon with whom Patel had a special relation. Menon had to face the ire of Nesamani Nadar, a Congress MP from Kanyakumari, during his visit to Thiruvananthapuram in connection with the reorganisation of States. Nadar barged into Menon’s suit in the State Gust House and shouted at him for not obeying his diktats. Menon, who was enjoying his quota of sun-downer, asked Nadar to get out of his room. A furious Nadar sent a six-page letter to Sardar Patel trading all kinds of charges against Menon. “He was fully drunk when I went to meet him in the evening and he abused me using the filthiest of languages,” complained Nadar in his letter.

Sardar Patel, who read the letter in full asked his secretary V Shankar, an ICS officer: “Shankar, does VP take drinks?” Shankar, who was embarrassed by the question, had to spill the beans. “Sir, Menon takes a couple of drinks in the evening,” he said. Sardar was curious to know what was Menon’s favorite drink. Shankar replied that Menon preferred only Scotch. “Shankar, you instruct all government secretaries to take Scotch in the evening,” Sardar told Shankar. Nair writes that this anecdote was a rave in the Delhi evenings for a number of years!

from the DailyPioneer


Investor behavior has not changed since 1688 !!

Joseph De La Vega wrote a book on the Amsterdam Stock Exchange in 1688 called Confusion de Confusiones.

Some of the behavioral insights written in his book are still valid hundreds of years later.Sample this investor behavior

Some people are always unhappy. If they have bought and the prices fall,they are unhappy because they bought; if the prices rise, they are unhappy because they did not buy more. If they have sold they are unhappy because they sold for less than they could have; if they did not buy or sell, they are unhappy because they did not do anything; if they receive a tip and they did not follow it, they are also unhappy. Everything produces unhappiness”



Humor Video

Nobody Ignores Indians


Linkfest:Nov 07, 2012

Some stuff I am reading today morning:

Hindalco’s rough patch continues (ET)

Obama gets emotional (BusinessLine)

Tata Steel slapped with 1 Billion $ fine (WSJ)

Cash cow goats:SEBI smells foul play (FE)

Naipaul and the secular rot (Mint)

Undue haste in help to Airtel : CBI (BS)

Morgan Stanley:Connecting the dots (CapitalIdeasOnline)

The Diamond industry struggles to keep its luster (NYTimes)

Why Buy and Hold is still gold (WSJ)

On invariant nature of investor ineptitude (PsyFi)