Linkfest: August 05, 2018

-
What I am reading today

Fintech Week – Of Course The Stock Market is Shrinking (Trends... Find them, ride them and get off.)
Simple that's why (Dr Muthukrishnan)


British putting Huawei under spotlight over use of US firm's ageing software (SCMP: China Tech)
Why does tech have so many political problems? (Marginal REVOLUTION)
The first step to becoming a full time investor is realizing money is about freedom not consumption. (Devin Haran)
Does suited-booted sound more corrupt than khadi-Gandhi cap? (Swaminathan A Aiyar)
Book my screen (Forbes India Magazine)
How A Healthy Gut Can Be A Bulwark Against India's Lifestyle-Disease Epidemic (IndiaSpend)
#Agile innovation increases customers' engagement and satisfaction by improving visibility and adapting to customers' changing priorities: http://spr.ly/6018DsAq8 pic.twitter.com/1ttspZeamz (Bain Alerts)

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