Here are some articles I discovered during the last few weeks. Articles near the very-bottom have nothing in connection with investing so read it at your discretion. Good job by the market on finding this gem from John Paulson folly. Before Paulson became famous for his bet against the real estate, he was mostly into risk arbitrage.
Anyone into risk arbitrage should check out the referenced article. The business has been rock solid but on the other hands, it hasn’t advanced much in the last decade. The shale gas revolution (The Wall Street Journal): Some thoughts from a business insider on (arguably) the biggest business-related revolution in the last 10 years. For such traders, or other people who are unpleasant using DCF, Dividend Discount Model, etc, you might read this post by the insightful Geoff Gannon always. An excellent article that shows that deliberate practice can lead to investment success. There are a few good thoughts in this article in what can help an investor and what amounts to wasting time.
The writer links to an article by Mark Sellers that is worth reading if you haven’t done so before (I might have associated with it before; not sure).. I also composed about deliberate practice a while back again and my feeling is that it can help some investment strategies however, not others.
My feeling back then, as now, is that Buffett-type investors probably don’t gain much from deliberate practice to something similar to risk arbitrage or (short-term) trading probably benefit greatly from it. Raffi Khatchadourian is superb writer-readers of your blog may have read his excellent article on Julian Assange of Wikileaks-and this post, on the BP oil spill in the Gulf of Mexico, is another great one.
If you have interest in essential oil spills or disasters or simply want some fun non-fiction reading, check out this article. Can Wall Street be Reformed? Book excerpt of MONEY AND POWER: How Goldman Sachs Came to Rule the World by William D. Cohan. It’s trendy to bash Goldman Sachs these days but let’s face it, these are among the better traders and bankers in the global world. They might be sharks but they do their job of killing everything in their path.
China set to tap its shale gas assets (Reuters via Financial Post): If China can use extract natural gas from its shale property, it shall change the power marketplaces. Losers will be international exporters of coal and oil likely. Overview of Great Soul: Mahatma Gandhi and His Have a problem with India by Joseph Lelyveld. Apparently offers a different perspective of one of the most influential person who ever lived. Overview of The Master Switch: The Rise and Fall of Information Empires by Tim Wu and The Net Delusion: The Dark Side of Internet Freedom by Evgeny Morozov.
I personally think the web is the most important technology/device/invention of the last few hundred years and put it on par with the printing press, which ruined the Church and ushered in research and freedoms. So, are we seeing the start of the Internet’s power and influence on society? Obviously, governments around are trying their best to control the web and stop it before it gets to head. Review of The New Nobility: The Restoration of Russia’s Security State and the Enduring Legacy of the KGB by Andrei Soldatov and Irina Brogan.
Can’t remember easily linked to this informative article before but it’s a fascinating one which delve into the power struggle, thought or otherwise, between various factions in Russia. One may alsofind this New Yorker profile of anti-corruption activist and attorney, Alexey Navalny, worthy of reading. You can view the power of a totalitarian condition like China by watching how it could arrest the person who designed the Bird’s Nest stadium that was the centerpiece of the Beijing Olympics.
- 6H. Rep. No. 99–175, 99th Cong., 1st Sess. 13 (1985). Go back to Text
- We won’t fund any activities or industries involved with unlawful undertaking
- The regularity interest is compounded
- Increase productivity and see the economy grow in real terms
Sort of the Andy Warhol Ai Weiwei was an innovative provocateur and musician from China. I haven’t read it but there is a detailed profile of Ai Weiwei in the New Yorker this past year. If the totalitarian condition collapses, I wonder about the way the business people and traders who benefit off the system will be perceived.
Our aim is to achieve good long-term earnings for the Government – a reasonable risk-adjusted rate above global inflation over a 20-year investment horizon. By achieving these results, we fulfill our responsibility to preserve and enhance Singapore’s international reserves. The reserves give a stream of income that can be spent or spent for the benefit of present and future generations. We do not own the funds we manage. We control this money on behalf of the national government of Singapore, our client. Government of Singapore Investment Corp.