Linkfarm: Stuff I am Reading (Week of 4/30)

The Truth About Investing (Howard Marks – A must read for beginners)

A Refresher on Return on Assets and Return on Equity (HBR)

Dangers of Blindly Trusting the PE Ratio (Medium) Continue reading “Linkfarm: Stuff I am Reading (Week of 4/30)”

After QE, could AI be the next trigger for the Bull Market ?

This post is not buy/sell/hold advice. Please see the disclaimer at the end before reading further

I came across an interesting Accenture study

Artificial Intelligence is expected to drive a new wave of rising productivity, similar to what happened during the Industrial Revolution. In numerous economies, especially developed countries, increases in capital and labor are no longer able to drive decent levels of growth. Artificial Intelligence is seen as a new factor of production that can change the situation by transforming the basis of economic growth.


Continue reading “After QE, could AI be the next trigger for the Bull Market ?”

Rainbow of links: Stuff I am Reading (Week of 4/9)

Value investing’s long run (Professor Greenwald)

Risk is how much time you need (Collaborative Fund – VC firm)

Raw material prices hit paper sector (Hindu)

Accenture may be killing Indian IT (Livemint)

Of executives, programmers and fairness (Livemint)

The Politics and Economics of farm loans (Livemint)

Tyre stocks seem ready for a re-rating (ET)

3 niche industries for investing (US perspective) (ValueWalk)

UBS warning on valuation of Indian markets (Bloomberg)

Relying on Expert Opinions (Betankrich)

The Mood Swings of Mr Market: 3 exhibits from November 2016

Ben Graham, the father of Value Investing was the first to call out the Market’s mood swings, anthropomorphizing the creature we know as Mr. Market.

Mr. Market is emotional, euphoric, moody and often irrational 

This behavior of Mr. Market allows the investor to wait until Mr. Market is in a ‘pessimistic mood’ and offers a discount to fair value.

Continue reading “The Mood Swings of Mr Market: 3 exhibits from November 2016”

Bias and Influence in Action. Jordan Belfort (fictional) sells a Penny stock

Came across an interesting tweet today

The sale starts from 2:50 into the video.

“Hello John. How are you doing today? You mailed in my company a postcard a few weeks back requesting information on a penny stock…”

Make them come to you. Don’t sound desperate, like a travelling salesman. Set the “seller’s market” frame, from a “buyer’s market”. Make them come to you. Continue reading “Bias and Influence in Action. Jordan Belfort (fictional) sells a Penny stock”

Packaging and Waste Management. The co-dependence.

In the US, lifestyle can seem wasteful (unless you live Oregon or such hippy state). Some instances of gratuitous waste that i’ve witnessed in NYC:

  • Single toothpicks are packaged in restaurants.
  • Tissues and utensils are served with every meal in more quantities than required.
  • 3$ Snapple in glass bottles (are they re-cycled?)
  • Use and throw coffee stirring sticks are imported from China and made from tree bark.
  • Vaccuum engines to clean subway tracks

Little wonder private companies like Waste Management Inc (NYSE: WM) can generate over 20 percent in ROE and have a wide and enduring moat. Continue reading “Packaging and Waste Management. The co-dependence.”

Rainbow of Links: Stuff I am Reading (Week of 3/17)

Six Signs of a Shareholder Friendly Stock (ValueWalk)

Vietnam may soon be the top Coffee Exporter (AgriMoney)

Key Trends in the world Soyabean Market (Soya is the new Chicken?)

“Stationarity” and Investing: What Can We Learn from History? (Brad Cornell’s blog)

I-T department acts against Penny Stock Operators (Finally! – MoneyLife)

How to Value Growth Stocks (MoneyLife)

How to be a Value Investor in Software (

Missing the big moves and the difference it makes to the end result (CapitalMind – interesting use of the 200-day EMA)

Use of the Schiller PE CAPE ratio (Lyn is a fin blogger and she has some neat neat put strategies)

The Economics of Cocaine (Market Mogul)

Why Investors don’t fund Dating  (Andrew Chen)

Searching for Compounding Machines within Financials in India (

An Interesting Note on Aghoris and the Controversy around CNN’s documentary  (

Digitization & Demonetization: Has Microfinance Lending in India changed forever?

This is follow up on my previous post on how rural financing and lending in India have changed irrevocably due to Demonetization and Digitization.

Unfortunately in India, loans are expensive for the poor. The Public Sector Banks will not lend to the poorest outside of the agricultural loans and political sops. At the same time all other goods are subsidized for the poor because they are funded by public taxes. Continue reading “Digitization & Demonetization: Has Microfinance Lending in India changed forever?”