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Linkfest:March 13, 2013
Some stuff I am reading today morning:
Small savings will fetch less from April 1 (Businessline)
Why Rahul Gandhi doesn’t really mean what he says (Firstpost)
Spanco 1300 Crore recast plans face roadblock (FE)
India’s stock exchanges take their battle to new frontiers (Mint)
Charlie Munger built his fortune by seeking income first (SeekingAlpha)
Insiders sell, chumps buy (JeffMatthews)
Money advice for people in boom or bust fields (NYTimes)
George Soros claims ex-girlfriend hit him with a lamp (Dealbreaker)
3 Currencies hedge funds hate (Athrasher)
Gold is the worst investment of 2013 (Quartz)
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Warren Buffett on investing small sums
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Whats for breakfast?
A lovely short 7 min film
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What I learnt from Ben Graham
This post is in continuation of my What I Learnt From series (see here)
Ben Graham is the father of Security Analysis and Warren Buffett considers him his Guru.He is one of my personal intellectual heroes and I admire him greatly.
What I learnt:
In his memoirs, Ben Graham writes “Several decades were to pass , and many vicissitudes to be undergone, before I could master the simplest and most important of all the rules of material welfare:The most brilliant financial strategy consists of living well within one’s means“