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Showing posts from February, 2011

Seeking Alpha of Financial Literature

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 There is a big problem with many writers in Finance / Economics.. Most of them are stuck with one philosophy & keep on repeating that in every book that they dole out..  Few months back i picked up " The Big Short " by Michael Lewis.. I have to say that till now I havnt been able to complete it because in one way or other most of the ideas / stories that he describe are present in one way or other in his earlier book - " Liar's Poker " ..  Individually these books aren't bad.. However, collectively these two are repetitive..    Another prominent writer who falls into this category in George Soros who keeps on harping about his concept of reflexivity in every book that he writes.. Same case with Tim Hartford ... Buying Logic of Life turned out to be a waste after reading Undercover Economist    Infact, I'd bet these writers are diluting their brand value by doling out similar ones .. Even though I liked Taleb's both books  - Fooled By Ran...

Dear Nokia Share-Holders

Dear Nokia Share Holders, Over the last few days, you would have read & re-read the so-called open-letters ( letter 1 , letter 2 , & the revolting letter -3 ) many times.. If you were an institutional investor, you would have made handsome profits by shorting your dear 'NOK' if you knew what was coming. If you were a retail long term investor you would have been puzzled with the enduring hold/sell question seeing the wild market fluctuations that were coming minutes after each of those letters. One cannot collectively put blame on all share-holders for the mis-management happening. If your holding is/was small, you would have had absolutely no chance in influencing the decision to pick someone   - who has literally no big background in smart phone business - into the most important position in your dear 'NOK' . However, I cannot selectively address the audience. Hence I've to hold you responsible. What your CEO has done is to make your dear 'NO...