The problem with bull markets is there is nothing much to do for the intelligent investor but there is everyone wanting to do something. Like the other day, even my father and my father-in-law now wants to invest in equity mutual funds. Which is not such a bad thing actually – but the timing suggests … Read more
Some articles and talks that I found worth reading and listening to over last few days: Video: Why Bruce Berkowitz still likes stocks others hate? LINK Get Rich Slowly – Jason Zweig LINK Video: Mohnish Pabrai Talks at Google LINK
Some articles that I found worth reading this week: Pay Attention to Asset Allocation in this Bull Market LINK Active Value Investing: Is it really better? LINK Is the Product Attractive? Mental Models and Moats LINK The Seduction of Pessimism LINK Video Interview: The Contrarian Gene|Seth Klarman (~15 min) LINK Video Interview: Buffett, Jorge Paulo … Read more
Prem Watsa was once called the savviest value investor you will never know. He is also known as the Canadian Buffett. In fact, his investing approach is uncannily similar. He heads Fairfax which owns multiple insurance companies. He generally buys companies in whole and mostly when they are in trouble (Blackberry being a recent example). … Read more
This year marks 50 years of Buffett and Munger running Berkshire Hathaway. Since 1977, Buffett has been writing an annual letter to his shareholders. A compilation of these letters was also published as a book. This year the letter has its details on business performance, plus the now regular interesting insights and wisdom as usual, … Read more
I found this wonderful talk – both in style and substance, in numbers and stories – as he mentions – delivered by Prof Aswath Damodaran (of New York University) at Google posted on Youtube over this weekend. Here are some notes/ statements from this talk to takeaway: “Accounting is not valuation” “Goodwill is the most … Read more
It has been a while since I posted to the blog. The reason being I had nothing much to say. So while I find something to say, there is always a lot of interesting stuff to read. While the message remains the same like all the basics of investing, it is not a bad time … Read more
One Idiot is a short 30-minute movie with a message on financial independence. The film is an initiative from IDFC Foundation (which may mean that it may indirectly and tacitly act as marketing for their mutual fund). But nevertheless despite that, it is a nice attempt to educate the youth of today’s urban India on the … Read more
A predominant economist from the early 20th century credited with shaping modern economic theory, now called ‘Keynesian theory’, John Maynard Keynes was a British economist and thinker who wrote a number of influential books and essays such as ‘The Economic Consequences of the Peace’, ‘The End of Laissez-faire’ and ‘The General Theory of Employment, Interest … Read more