Linkfest: May 08, 2018

-
What I am reading today

Ryanair: A Role Model for Europe's Banks (Insead)
The rise of universities' diversity bureaucrats (Economist Explains)


Why Vivo IPL is a key digital media opportunity (afaqs!: Guest Articles)
Hate Meetings, Love Meetings: Make Them Peak Efficient (Andreessen Horowitz)
There are still great buying opportunities in this 'Buffett bounce': Money manager (Buffett Watch)
Ryanair: A Role Model for Europe's Banks (INSEAD Knowledge)
Price of online fame? Chinese man suffers serious burns trying to shoot video on top of train (SCMP: China Tech)
Hate Meetings, Love Meetings: Make Them Peak Efficient (Andreesson Horowitz)
Collusion: How Central Bankers Rigged the World (Daily Reckoning)
How a few rules can get banks to behave better (Mint)

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