Weekend Bulletin - 21st July'24 : Ed. 181
A compilation of few interesting, multi-disciplinary links from the internet
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Section 1 - Investing & Personal Finance
The One percent show - with KA [LINK]
Vishal Khandelwal delve into Kenneth's mind, exploring his remarkable 32yr journey as a money manager, his philosophy on investing and life, and the wonderful lessons he has learned along the way on spotting great businesses, understanding market cycles, and playing the long game of investing.
The Folly of Certainity - by Howard Marks [LINK]
Sometimes things go as people expected, and they conclude that they knew what was going to happen. And sometimes events diverge from people’s expectations, and they say they would have been right if only some unexpected event hadn’t transpired. But, in either case, the chance for the unexpected – and thus for forecasting error – was present. In Investing parlance, making predictions is largely a loser’s game!
Section 2 - Economic Trends & Themes
How Public policy impacts personal choice and social ties [LINK]
As budget season approaches, policy discussions on leveraging welfare schemes to address gender gaps will become buzzy again. Sharyana Bhattacharya writes that Perhaps, it’s time policy makers abandoned making programmes for well-behaved women who always follow the rules and tradition.
White Collar meetings is just meetings now [LINK]
In The Atlantic, Derek Thompson shares studies that show that time spent in meetings has grown significantly, with Microsoft research indicating a tripling of meeting time since 2020. This trend is pushing creative and individual work to after-hours, creating a "miniature workday" in the late evening. The rise in meetings is attributed to factors such as increased economic complexity, larger organizations, and a greater focus on inclusion in decision-making processes
Section 3 - Personality study & Development
Active reading : How to become a better reader by Ness Labs [LINK]
Highly effective readers use a collection of mental processes called active reading in order to retain more of the information. Reading in a passive way isn’t an effective way to understand and learn. In order to stay focused and retain more information, it’s important to be highly engaged with the content. Active reading basically means reading something with the determination to understand, evaluate, and mostly relies on critical thinking.
The Right kind of Stubborn - By Paul Graham [LINK]
Is there any real difference between Persistance and Obstinance? Are persistent and obstinate people actually behaving differently? Or are they doing the same thing, and we just label them later as persistent or obstinate depending on whether they turned out to be right or not?
Section 4 - Business History & management
What went wrong with Capitalism - by Ruchir Sharma [LINK]
Ruchir Sharma, the Chairman of Rockefeller International and Founder and Chief Investment Officer of Breakout Capital, an investment firm focused on emerging markets, joins Scott to discuss his latest book, “What Went Wrong with Capitalism.”
Section 5 - Sports, literature & Entertainment
The Old man in the studio - Guru Dutt [LINK]
As Guru Dutt’s centenary year begins, Jai Arjun Singh write that to grasp the entirety of his career, it is important to look beyond the veneer of darkness and see the breezier things he was capable of as director and actor.
When to Start with Franz Kafka [LINK]
I must admit I was introduced to Kafka very late despite him coming up numerous times in literary conversations. But recently I have started exploring reading and listening to his book. Inscrutable bureaucracy and monstrous insects may not sound immediately appealing, but once you’re lost in Kafka’s world you won’t want to escape. This article in Guardian give out some pointers.
Now reading : Kaho by Haruki Murakami [LINK]
June’24 review of our equity research strategy- Special Situation & Wealth Compounders [We have initiated 2 new stock positions in FC WC and 1 position in FC SS so far in the month of June. Visit www.fintrekkcapital.com for more details]
That's it for me. Have a great weekend ahead!
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Disclaimer:
The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information set forth on this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated on this newsletter