Linkfest: April 28, 2018

-
What I am reading today

Africa in the news: Minimum wage in South Africa, protests in Madagascar, and fuel crisis in Sudan (Brookings: Economics)
How Different Age Groups View the Trade-Off Between Time and Money (Visual Capitalist)


Aaronson on Caplan (Overcoming Bias)
A Dalit Family's Struggle Shows How India's Justice System Is Failing Its Lowest Castes (IndiaSpend)
How to Brand a City (The Urbanophile)
Reinventing the rosogolla (Forbes India Magazine)
IDG Contributor Network: Make service excellence part of service management (CIO IT Strategy)
Google Cofounder Sergey Brin Warns of AI's Dark Side (Wired: Business)
From our archives: five articles on issues facing the Dalit community (India at LSE)
Rs 3,000 Cr. Will Vanish (Fundoo Professor)

Comments

Post a Comment

Most Popular Posts

Warren Buffett's 2017 Letter: Takeaways for Indian Investors

-
Warren Buffett's shareholder letter for the year 2017 was released a few days back. I am going to take some of the themes in this year's letter and provide an Indian context and takeaway. (For a collection of past shareholder letters organised and annotated around major themes, please check - ' The Essays of Warren Buffett ' by Lawrence Cunningham ). 1. Valuations are expensive. So Buffett didn't do any big deals last year. Others may ignore the level of prices and pay any price to do deals. But not the Oracle of Omaha. - Indian valuations are stretched too. The Sensex P/E currently stands at 23.xx. High PEs tend to foreshadow lower returns in the next few years, till valuations moderate. A wonderful table compiled by Stableinvestor.com  shows this trade-off very well. With a starting PE of 24+ (which is very close to current levels), the 3 year return has been -5% historically. The takeaway for Indian investors is: valuations are stretched. The thing to do now...
Read more