Weekly Readings - Dec 23, 2018

Read of the week: The importance of thoughtful deliberation—and its implications for the future of capitalism

https://www.alumni.hbs.edu/stories/Pages/story-bulletin.aspx?num=6818 

Economy

Recession History Revisited

https://thereformedbroker.com/2018/12/10/the-r-word/ 

Alan Greenspan: Investors should prepare for the worst

https://edition.cnn.com/2018/12/18/business/alan-greenspan-stock-market-party-over/index.html

Why Fed has to Raise rates?

http://worldoutofwhack.com/2018/12/20/why-fed-raised-rates/ 

Why Farm Loan Waivers' Makes Sense?

https://www.business-standard.com/article/opinion/why-farm-loan-waivers-make-sense-118122100039_1.html 

Open letter to the RBI Governor

https://www.business-standard.com/article/opinion/an-open-letter-to-the-rbi-governor-118121600687_1.html?1544994060

Niti Aayog -- Making Plans Without the Homework

https://www.business-standard.com/article/opinion/old-wine-in-new-bottle-118121901026_1.html 

Maurice Obstfeld discusses his tenure as the IMF’s chief economist

https://www.imf.org/external/pubs/ft/fandd/2018/12/interview-with-imf-chief-economist-maurice-obstfeld.htm 

Investments 

Action Planning 

https://eightytwentyinvestor.com/2018/12/16/no-1-rule-in-bear-market-decision-making-decide-when-to-decide/

Walter J. Schloss Revisited

https://www.morningstar.in/posts/50090/equity-6.aspx

To read more about Walter J. Schloss  -- https://www.valuewalk.com/walter-schloss/

Buy and Forget vs. Active Investment Management

https://iaip.files.wordpress.com/2018/12/Presentation-by-Samit-Vartak-CFA.pdf 

3 Correlation Myths In Portfolio Construction

https://www.etf.com/sections/index-investor-corner/3-correlation-myths-portfolio-construction 

Swedroe: Putting Panic In Perspective

https://www.etf.com/sections/index-investor-corner/swedroe-putting-panic-perspective?nopaging=1

Charts & Thoughts 

https://theirrelevantinvestor.com/2018/12/22/a-few-charts-and-a-few-thoughts-7/

The best defense is a quality business

https://www.morningstar.in/posts/50142/best-defense-quality-business.aspx  

Investing: Vijay Kedia's Interview

https://www.moneycontrol.com/news/business/markets/best-and-the-worst-in-mid-cap-stocks-over-4-stocks-are-on-vijay-kedias-radar-3310191.html 

2019, the Year of Value Stocks?

https://alphaarchitect.com/2018/12/11/after-a-lost-decade-will-value-get-its-groove-back-in-2019 

The Impact of Flows into Exchange Traded Funds: Volumes and Correlations

https://alphaarchitect.com/2018/12/10/etfs-have-not-screwed-up-correlations-liquidity-and-alpha-opportunities/

FLAME

Lessons From History https://www.flame.edu.in/pdfs/fil/presentations/Lessons-From-History-CFA-Society-Delhi.pdf 

Dugesh Shah on investing https://cfasocietyindia.com/2018/12/14/session-by-mr-durgesh-shah-2nd-value-investing-pioneers-summit-2018-delhi/ 

Business

Being a Wealth Advisor would be Difficult

https://economictimes.indiatimes.com/markets/stocks/news/it-will-be-tough-to-be-wealth-adviser-when-above-market-returns-dry-up/articleshow/67158852.cms 

How to Frame Services. To know who will not be your client is a clarity that one should have in service business. 

https://aveksatequity.com/services/ 

How not to do a business!

https://balablogsdotcom.wordpress.com/2018/12/18/investing-in-the-days-of-kalyug/ 

FAQ for Petrol Pump Dealership

https://myinvestmentideas.com/2018/12/psu-petrol-pump-dealership-frequently-asked-questions-faqs/  

Graphite is the new Gold

https://finception.in/stocks/graphite-is-the-new-gold/

Management

Product & Service Design

https://www.mckinsey.com/business-functions/mckinsey-design/our-insights/the-business-value-of-design 

Why digital strategies Fail

https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/why-digital-strategies-fail 

Why data culture matters

https://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/why-data-culture-matters 

Ten red flags signaling your analytics program will fail

https://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/ten-red-flags-signaling-your-analytics-program-will-fail 

Technology

Intel from Silicon, Robot for Presidency

https://lifeandequities.wordpress.com/2018/12/16/intel-from-silicon-robot-for-presidency/ 

Technological singularity

https://en.m.wikipedia.org/wiki/Technological_singularity 

Offbeat

What kind of company is Mckinsy? Read to Conclude 

https://www.nytimes.com/2018/12/15/world/asia/mckinsey-china-russia.html?mod=djem10point 

Chinese Hacking

https://www.cnbc.com/2018/12/20/doj-china-national-security-law-enforcement-action.html 

Jinnah's House in Mumbai – Wadia’s Claim. The Twisted Logic of Swamy

https://www.business-standard.com/article/current-affairs/wadia-family-plans-to-continue-legal-battle-over-mumbai-s-jinnah-house-118122001279_1.html 

3 Reasons You Are Never Satisfied -- Lifestyle; Relative Wealth; Career obsolescence

https://thereformedbroker.com/2018/12/17/three-reasons-youre-never-satisfied/ 

Mir Sultan Khan: The Unsung Chess Genius 

https://madrascourier.com/biography/mir-sultan-khan-the-unsung-chess-genius/ 

Tech Is Killing Street Food

https://www.theatlantic.com/technology/archive/2018/12/india-and-california-tech-displaces-street-vendors/578524/

Chennai’s Beloved ‘Rs 5 Doctor’ Passes Away: Why He Was a Messiah to The Poor

https://www.thebetterindia.com/167395/chennai-doctor-death-tribute-inspiring-hero/

How personalized medicine is transforming your health care

https://www.nationalgeographic.com/magazine/2019/01/personalized-medicine-transforming-your-health-care/ 

On Writing

http://jasonzweig.com/on-writing-better-part-3/ 

Gossip in Delhi

http://www.gossipguru.in/bureaucrats-under-scanner/

Ethics 

Bashing tech companies: : Your Data is Being Sold Without you knowing or understanding its implication

https://lifeandequities.wordpress.com/2018/12/22/bashing-tech-companies/ 

For & Against Social Media

https://lifeandequities.wordpress.com/2018/08/23/social-media-in-our-life/

Googling Google

https://www.theguardian.com/news/2018/dec/20/googles-earth-how-the-tech-giant-is-helping-the-state-spy-on-us 

Books 

The 24 Most Popular Book Club Picks of the Year

https://www.goodreads.com/blog/show/1453-the-24-most-popular-book-club-picks-of-the-year 

The Sci-Fi & Fantasy Trends of 2018

https://www.goodreads.com/blog/show/1440-the-sci-fi-fantasy-trends-of-2018 

NYT – 100 Notable Books

https://www.nytimes.com/interactive/2018/11/19/books/review/100-notable-books.html