Weekend Readings-1st Oct: Edition 9
A compilation of few interesting, multi-disciplinary reading links from the internet.
Public shaming used to take place in the public square. By the nineteenth century, it had moved to the newspaper, and in the twentieth century the forum was television. Today, people are scorned online. The Internet, with its opportunity for anonymity, its absence of gatekeepers, and its magnification of transient hurts, has made it unnervingly easy to generate instant mass outrage
Hedging Tail Risk in Investing business
The entire hedge fund industry is predicated on lowering the volatility of investors’ portfolios. No one will say this out loud, but what’s the point of that? It lowers the psychological pain during a crash, but it doesn’t maximize wealth. It’s a crude solution.” The hedge fund manager says all risk-mitigation strategies rely on some kind of diversification, negative risk correlations, or market timing
Creativity starts before anything is made
Creativity is the culmination of experiences we have in our lives and simply cannot be forced: “We tend to believe that the act of creating is what defines creativity, but creativity starts long before anything is made. The first word you write is a distillation of the knowledge you’ve accumulated over time. The first brushstroke you paint is a reimagining of the experiences you’ve stored somewhere in the mind.”
Milton Friedman was right about shareholder Capitalism
To maximize value over longer time horizons, corporations must treat workers, customers and suppliers fairly. Some corporations may have enough market power to earn monopoly profits and to mistreat workers. But the extent to which these are problematic is exaggerated. Especially over a longer time horizon, it is in a corporation’s interest to treat close stakeholders well.
Rahul Tewatia and the romance of the struggle
The essence of sport is to fight through tough situations. The crunched nature of this sport doesn't allow for it. Those crunching numbers have been egging coaches on to pull back the batsman who is sucking the momentum out of an innings. You have only so many deliveries and 10 wickets to make use of them. Personal struggle is a nicety best left for the nets. The kindest of people wanted Tewatia to commit the less dramatic version of stepping on his wicket: just leave the crease and swing so that you can at least get stumped when you hit.
Bollywood - The show must go on
Adroit Research - Farm Sector Reforms
Parliamentary democracy Attitude needs to change
[Upcoming event] Mistakes and learnings from my investment Journey