“One of the ironies of the stock market is the emphasis on activity,” Warren Buffett said in the 1984 letter. “But investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pickpocket of enterprise“
Some suggested morning reading:
FTSE 100 falls nearly 2% (FinancialExpress)
TCS beats 10 Billion $ mark (BusinessStandard)
Connecting history and the markets-Seen this movie before (BigPicture)
South Carolina is the China of America (ReformedBroker)
Why most people fail as traders (DarvasTrader)
Over their dead bodies (DailyReckoning)
How exercise could lead to a better brain (Nytimes)
Some stuff I am reading today morning:
Mukesh Ambani plans 12 Billion $ expansion (Bloomberg)
Bad bad news for RCOM (EconomicTimes)
Markets gear up for Akshaya Trithya (Mint)
The funds flow paradox (InvestingCaffeine)
Scandal in China (Nytimes)
Chinese media mock India;s ‘dwarf’ missile (BBC)
Bollywood gossip of the week (RajeevMasand)
“Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or a credit market collapse”-Marc Faber, April 2, 2012 on CNBC
Interesting Weekend Reads:
Jeremy Grantham’s 1Q 2012 Letter (GMO)
Why is Narendra Modi afraid of the Indian Media? (Open)
Illegal mining in Madhya Pradesh (Tehelka)
How open source drug discovery is helping India (Forbes)
Why is the Rupee such a drama queen (Firstpost)
To be a woman in Pakistan (Atlantic)
Investors find emerging market plays closer to home (SmartMoney)
Feeling peaky about oil (Economist)
Defining property (PaulGraham)