Weekend links Aug 16 2013

Let’s start with a great article that Mike Bloomberg wrote about being a successful entrepreneur. I believe the article is great not just for entrepreneurs but for anyone who wants to have a successful career.

Next up, a good article on Forbes about how Indians are becoming increasingly intolerant.

Business Standard had an excellent editorial on the panic that RBI is creating. The market tanked badly just after the most recent steps were announced by RBI, and that shows how real these fears are.

This is an article about an amazing letter that Warren Buffett wrote in 1975 correctly predicting the pension woes that companies will have decades from when he wrote it. It never ceases to amaze me how prescient he is and how he simplifies even the most difficult things.

A great history of the Indian Rupee in the Indian Express.

A good article discussing a political agenda that could actually be of great help to the ailing Indian economy.

Have you heard about olinguito yet?

Finally, a word about the market carnage that took place today. Very often, the reaction to this kind of action is what do we do now? And more often than not the answer is – don’t do anything. I bought stocks last week, and will continue to buy them if the market slides, selling in panic is the worst thing to do, and if you haven’t invested in penny stocks or shady companies, then you don’t need to act in a knee jerk manner because of today’s fall.

4 thoughts on “Weekend links Aug 16 2013”

  1. Hi Manshu,

    I am intrigued by the fact that most financial websites/blogs speak of buying (and not selling) when the market is low, but during the mini-crash last week, I did not find a single site that said, “Now’s the time — BUY, BUY, BUY” ?

    Why ? Any comments ?

    1. But I myself did write about buying in this very post, and then in another one in the following week, and I read a post from Hemant Beniwal on the same theme, so there are voices there about buying. And for me, this has been a consistent theme and I have written about buying in all market crashes since 2008 when I started blogging actively. Don’t you think that’s true?

  2. Hi manshu

    Generally now days I am not getting weekend links.

    what can i do?

    I get some post then and there. (Last post i read in one mint which came to box is “about the tax free bonds”

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