I found this really cool tool http://tweetbook.in/ It converts your latest 3,200 tweets and retweets into a wonderful PDF ebook. And it reads like a diary. You can create a different PDF ebook for the latest 3,200 tweets you have liked. For me, this is incredibly useful because I get a lot of my twitter… Continue reading 3,200 Tweets
I play all sorts of games with my students in the classroom. Here’s one of my favorite ones: A pair of dice is thrown. If we don't get a 12, I will pay you USD 1 million. If we do, you will pay me USD 50 million. Assume the pair of dice is fair and… Continue reading Gambling in the Classroom
I did a series of tweets on this interesting topic and Morningstar decided to publish them with my permission. You can read their story here.
“As they say in poker, “If you've been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy.”” — Warren Buffett"Patsy” is defined as someone who is “easily taken advantage of, especially by being cheated or blamed for something.” Here’s a problem which helps spotting patsies: Assume that a… Continue reading Patsy in the Game
I read this story on Aircel's lenders agreeing to take a 99% haircut on dues worth Rs 20,000 crore. And decided to take a (pathetic) shot at poetry on a Saturday morning... 🙂 A New Barber in Town I went to Khan Market for a coffee But I bumped into my barber instead And in… Continue reading A New Barber in Town
Thread... Let's say that a highly-profitable, listed business is un-leveraged but its promoters are highly leveraged in their personal balance sheets. Let's also say that loans taken by the promoters are secured by the collateral of the promoters' shares in the listed company. Let's further assume that the mistakes were made by the promoters with… Continue reading Leveraged Promoters, Haemorrhaged Stockholders
Thread.. A few years ago, I was invited to speak at a conference where both the organisers and the audience were hugely dominated by traders. And the topic that I chose for my talk revolved around one question: What can long-term value investors learn from Traders? The talk was a long one and it… Continue reading What can Long-term Value Investors Learn from Traders?
My friend Shyam, wrote an excellent column on diversification. I agree with everything he has written and have some additional thoughts. Thread... A Thread on Diversification Diversified conglomerates get a bad rap for very good reasons. One big one, as Shyam points out, is capital misallocation.Companies in diverse industries have, for the most part, destroyed… Continue reading A Thread on Diversification