A revolutionary technology fundamentally changes the way society is organized. Eisenstein argues that the printing press “is of special historical significance because it produced fundamental alterations in prevailing patterns of continuity and change.” (FS)

 

PE rerating=larger component of luck. EPS growth=larger component of your skill. We need both luck & skill to earn good returns.Says Neeraj Marathe. (@NeerajMarathe)

 

Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard. – Warren Buffett

 

As one academic who studies competitive advantage has pithily stated, “In the long run, everything is a toaster” – The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments (Little Books. Big Profits) (Amazon)

 

Three points which says why value investors are different? – Remember Bear Markets – Necessary Arrogance – Contrary Thinking. (barrons)

 

Howard Marks shares his views on why the markets loves Trump and rules for investment in current markets. He speaks about the golden rules of investing. (ET)

 

Markets can remain irrational longer than you can remain solvent – John Maynard Keynes.

The discount cash flow (DCF) analysis is one of the most popular methods used to value stocks.DCF Calculation Can’t Be Trusted, Because We Are All Terrible At Forecasting. (VW)

 

“When a fund size runs out of capacity – they change the filters; they change what they are looking for “. A successful midcap fund eventually becomes multi cap and an unsuccessful multi-cap fund becomes dynamic, and so on and so forth. (ET)

 

“Any sufficiently advanced technology is indistinguishable from magic.” – Good thinking for today.

 

Dangers a stock market faces of mindless robots. Could all these millions of people investing on autopilot be pushing an already expensive market even higher? (WSJ)

 

“Under perfect competition, in the long run, no company makes an economic profit.” – Peter Thiel, Zero to One

 

When mutual funds say no to your money? If the fund is likely to suffer due to fresh inflows, it makes sense to close the doors. They should keep the interest of existing unitholders in mind. (Mint)

 

7 lessons former CEO of Franklin Templeton Investments Corporation, learned over a 46-year investment career. “An otherwise excellent company may not represent good value.” (morningstar)

 

Building a long-term sustainable competitive advantage is more important than having it. Widening the moat is more important than the width of the moat – The Moat Dilemma. (alphaideas)

 

Sorry, Mr. Buffett, your advice of index fund investing not best choice in India – Agree that index fund indexing not the best in India. Not yet! (ET)

 

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