Linkfest: August 09, 2018

-
What I am reading today

Tencent to merge Doctorwork with Trusted Doctors to build its online and offline medical network in China (SCMP: China Tech)
Alleviating rural poverty through alternative means of livelihood development (India at LSE)


Congrats on the Sex America (Trends... Find them, ride them and get off.)
Opinion: Lessons from Kotak Bank's preference shares issue (Mint)
Tech Companies Banned Infowars. Now, Its App Is Trending. (NYT Technology)
Nearly 70 Percent of Enterprises in India Affected by Industry Disruption, Accenture Disruptability Index Finds (Accenture Digital)
Tough times don't last, High ROC Companies do ()
The Dangers of Persistence (Safal Niveshak)
The Roots of Samoans' Rise to Football Greatness (Smithsonian History)
World Population Growth Visualized (1950-2100) (Visual Capitalist)

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