Weekend Bulletin - 18 Mar'23 : Ed. 129
A compilation of few interesting, multi-disciplinary links from the internet
“Accepting that we cannot predict the future--i.e., that there will always be unexpected and highly consequential events--is the first step in becoming less fragile and more adaptable. People should be highly skeptical of anyone’s, including their own, ability to predict the future, and instead pursue strategies that can survive whatever may occur.” —Seth Klarman
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Interview with News9 on luxury housing and Patanjali Foods [LINK]
Section 1 - Investing & Personal Finance
Silicon Valley Bank's shareholders and creditors should not be bailed out [LINK]
In any capitalist system there will be business failures caused by all sorts of factors, and if we wish to harness the benefits of capitalism, we must also be cognizant of the fact that failure is part of the deal. It is extremely disingenuous for the venture capital industry to pretend that a bank failure is responsible for the situation when they should have exercised better oversight of their investments.
Section 2 - Economic Trends & Themes
The chatbots are here [LINK]
While it is clear ChatGPT and AI is here to stay and opens doors of all kinds, what exactly it will do to business models is an altogether different thing. Founders at start-ups and BIg Tech are grappling with the question, The New York Times reports.
A story of two Indias [LINK]
Vivek Kaul offers two sets of data to look at the India story in his most recent newsletter to subscribers of Mint. The first is what social media influencers would have us believe and then there are other data sets that indicate things look gloomy.
Section 3 - Personality study & Development
The underreported cases of male suicides [LINK]
When issues around gender gap are addressed, it often strikes us how heavily skewed everything is against women. This is why a counter-intuitive argument by the researcher and writer Richard Reeves got our attention. Being male is the predominant risk factor linked to suicides and we don’t acknowledge the elephant in the room, he argues.
Section 4 - Business History & management
The Wadia group origin story [LINK]
The Wadia group foundation involves a story involving dowry and an act of piracy. This thread by Kaipullai narrates this extraordinary incident.
High stakes divorce battle of Zoho founder [LINK]
Autism Spectrum Disorder is one of the least understood diseases. A diagnosis of ASD in a child tends to hit parents hard, fundamentally resetting their lives, lifestyles and aspirations in ways that are difficult for others to comprehend. In a deeply personal Twitter thread, Sridhar Vembu, said how it impacted his own life.
Section 5 - Sports, literature & Entertainment
Why write? - by Farnam Street [LINK]
Writing is the process by which you realize that you do not understand what you are talking about. Importantly, writing is also the process by which you figure it out. Writing about something teaches you about what you know, what you don’t know, and how to think. Writing about something is one of the best ways to learn about it. Writing is not just a vehicle to share ideas with others but also a way to understand them better yourself.
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For more recommendations every weekend, follow #FCOTTReco and #FCBookReco on our Twitter page here. Check out last week recos - Becoming Warren Buffett on Disney Hotstar and Trillion Dollar Coach on Bill Campbell.
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That's it for me. Have a great weekend ahead!
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