Weekly Readings - Dec 9, 2018

Economics & Psychology

Prediction Fallacy? RBI Monetary Policy
https://www.moneycontrol.com/news/business/10-key-takeaways-from-rbi-monetary-policy-3257021.html?

Drip, Drip, Drip
https://www.collaborativefund.com/blog/drip-drip-drip/

Seth Klarman at HBS
https://www.alumni.hbs.edu/stories/Pages/story-bulletin.aspx?

Drums of Battle:
https://www.cnbc.com/2018/12/05/canada-reportedly-arrests-huawei-cfo-facing-us-extradition-for-violating-iran-sanctions.html?

Aswath Damodaran on Yields
http://aswathdamodaran.blogspot.com/2018/12/is-there-signal-in-noise-yield-curves.html?

Investments:

Basant Maheshwari Letter to the Investors for 2019
http://rakesh-jhunjhunwala.in/basant-maheshwari-reveals-stock-picks-multibagger-strategy-for-2019/

Dogma Galore. Warren Buffett has said, value and growth “are joined at the hip.” And some have forgotten how Graham had evolved.
Read 1: http://fortune.com/longform/value-investing-warren-buffett-tech-stocks/
Read 2: https://acquirersmultiple.com/2018/12/charles-munger-why-did-ben-grahams-net-nets-disappear/

Is long term investing overrated.
https://themfguy.wordpress.com/2018/12/01/is-long-term-investing-overrated/

Learning From People: ScuttleButt
https://janav.wordpress.com/2018/12/03/on-scuttlebutt/

The Human Problem of Investments
https://eightytwentyinvestor.com/2018/12/05/a-guilty-father-who-shot-his-own-kid-ancient-greek-philosophers-us-navy-seals-and-the-art-of-handling-a-market-fall/

Why Investors Should Watch Fund Flows
https://www.morningstar.com/articles/903248/flowmageddon-why-investors-should-watch-fund-flows.html

For Quants:

Trend Following on Steroids
https://alphaarchitect.com/2018/12/07/trend-following-on-steroids/?

How to Use Trend Following within a Portfolio
https://alphaarchitect.com/2018/12/04/how-to-use-trend-following-within-a-portfolio/?

Measuring Factor Exposures: Uses and Abuses
https://alphaarchitect.com/2018/12/03/measuring-factor-exposures-uses-and-abuses/?

Everybody’s Doing It: Short Volatility Strategies and Shadow Financial Insurers
https://alphaarchitect.com/2018/11/19/short-volatility-strategies-are-extensive-and-widespread/

Ethics:

The One Time Rakesh Jhunjhunwala was Caught.
https://www.sebi.gov.in/enforcement/orders/nov-2018/settlement-order-in-respect-of-mr-rakesh-jhunjhunwala-in-the-matter-of-geometric-limited_41191.html

Quitting Yes Bank
https://www.bloombergquint.com/business/deep-concern-dismay-and-distress-why-r-chandrashekhar-quit-yes-banks-board

SFIO interim report blows the lid off extent of fraud in IL&FS
https://www.moneycontrol.com/news/business/companies/exclusive-sfio-interim-report-blows-the-lid-on-extent-of-fraud-in-ilfs-3253211.html

About Businesses:

Why India’s Airlines Struggle to Take Off?
https://www.bloombergquint.com/global-economics/why-india-s-airlines-can-t-turn-growth-into-profits

Shipping Cycle and GE
https://deveshkayal.wordpress.com/2018/11/29/ge-shipping-cycle-turning-favourable/?

PSU Petrol pump dealership – What is the eligibility and how to apply?
https://myinvestmentideas.com/2018/12/psu-petrol-pump-dealership-what-is-the-eligibility-and-how-to-apply/

ABB Group
https://www.fortuneindia.com/enterprise/from-automation-to-autonomous/102708?

Pain in Real Estate
https://www.business-standard.com/article/companies/real-estate-developers-pin-hopes-on-holidaying-nris-for-a-christmas-miracle-118120501332_1.html?

HCL Technologies
https://www.livemint.com/Companies/ON6ssZvJbSE3ubLhxClS7L/HCL-Technologies-to-buy-certain-IBM-software-assets-for-18.html

Offbeat:

Career Advice - Seth Klarman
https://community.intelligentfanatics.com/t/seth-klarmans-career-advice/1468

Writing for yourself
https://www.collaborativefund.com/blog/selfish-writing/

An Interpretation of Stated Odds
https://www.collaborativefund.com/blog/an-interpretation-of-stated-odds/

Long Overdue: Noel Tata
www.mydigitalfc.com/companies-and-markets/noel-tata-may-be-new-chief-tata-trusts

The Only Duo To Achieve Level 11 at Google
https://www.newyorker.com/magazine/2018/12/10/the-friendship-that-made-google-huge

Farming & Living
https://www.thebetterindia.com/166039/india-farmer-income-double-method-land-maharashtra-news/

An excerpt from a Lounge columnist’s new book of personal essays that addresses the tragedies and comedies of conjugal life: Immortal for a Moment
https://www.livemint.com/Leisure/CDiHWOHW6N0JlFDbXkKJEM/Learning-to-be-properly-married.html

Biased but Funny
www.mediacrooks.com/2018/12/naturally-stupid_7.html

Gorbachev on George Bush
http://time.com/5471437/mikhail-gorbachev-george-hw-bush-war-peace/

Sociology

Brevity is the soul of Twitter: The constraint affordance and political discussion
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3287552

American Journalist vs Imran Khan. An Interesting interview of a reasonable head of state.
https://www.washingtonpost.com/outlook/pakistani-leader-to-the-us-were-not-your-hired-gun-anymore/2018/12/06/e138790c-f8a5-11e8-863c-9e2f864d47e7_story.html

Why the Maratha reservation is unlikely to survive a constitutional challenge
https://caravanmagazine.in/policy/maratha-sixteen-percent-reservation-constitutionality

The France Protests
https://www.newyorker.com/news/daily-comment/the-yellow-vests-and-why-there-are-so-many-street-protests-in-france

Seoul vs Tokyo: Playing Victims & Remembering Phantoms
www.atimes.com/article/seoul-tokyo-brawl-could-blow-up-into-economic-war/

Fake News: The Myth of Babur Building Babri Masjid
https://madrascourier.com/insight/babur-the-baburnama-the-masjid-that-bore-his-name/