Discover more from AKG's Weekend Readings Bulletin
Weekend readings - 26 Nov, 2021 : Edition 68
A compilation of few interesting, multi-disciplinary links from the internet
“It is the nature of business that in even the best-run companies unexpected difficulties, profit squeezes, and unfavorable shifts in demand for their products will at times occur. Furthermore, the companies into which the investor should be buying if greatest gains are to occur are companies which over the years will constantly, through the efforts of technical research, be trying to produce and sell new products and new processes. By the law of averages, some of these are bound to be costly failures. Others will have unexpected delays and heartbreaking expenses during the early period of plant shake-down. For months on end, such extra and unbudgeted costs will spoil the most carefully laid profit forecasts for the business as a whole. Such disappointments are an inevitable part of even the most successful business. If met forthrightly and with good judgment, they are merely one of the costs of eventual success. They are frequently a sign of strength rather than weakness in a company.” —Phil Fisher
Section 1 - Investing & Personal Finance
Mike Green’s Co/Investor Club Presentation: The Greatest Story Ever Sold: The Impact of Passive Investment on Markets [Video link here]
Section 2 - Economic Trends & Themes
Why work of future is the future of travel? - Interview with Brian Chesky [Link here]
Understanding Billionaire Tax in US [Link here]
Section 3 - Personality study & Development
Section 4 - Business History & management
Understanding M&A in Special Situations - with Tata consumer case study [Link here]
Section 5 - Reading & Entertainment
Subscribe (free) to #AKGweeklycharts here [released every Monday morning]
Check out our latest Q&A (fun) session with Smallcase portfolio managers here [including me]
Now listening : Baarishein - by Anuv Jain
That's it for me. Have a great weekend ahead!
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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