Well its as usual been pretty long since i came up with my last post. What prompted me to write this one - my dear friend sehgoo writing his new blog reminded me that i too have one and maybe writing it once in a while does make sense.....
Well as usual my pet topic is markets and i thought of writing about the recent book on the same - Reminiscences of a stock operator. Well its an awesome quick read for guys who follow markets! Wonderful and amazed at how Lawrence Livingston did his studies in early 1900s. Wow man hats off to him. Today we got so many tools and we still are not able to analyse anything worthwhile maybe losing oneself in the details rather than the big picture seems to be the case here too.
His logic to trade based on experience is one thing i can really relate to as i have seen my dad pickup some great stocks (which to my so called educated mind seem bad) in the last three years. Also its great to try and understand the psychology and sentiments of the crowd in the market. Also i loved the larry explained in the book 'the tape is never wrong'. We got to read properly. And in most cases we fail to outperform the market in the long term. We may do so in certain stocks but the investment basket never outperforms the market. So very true (atleast in my case).
Other books i am reading half way thru - 'Snow' by Orhan Pamuk (i am going to kill Bala for leaving the book with Karthik at his sister vidya's engagement. Now all are in Bangalore and i am in Mumbai. Maybe i am to blame more as i forgot to take the book before leaving), 'Guns,Germs and Steel' by Jared Diamond. Both are pretty interesting reads.
In Guns, Germs and Steel, the one great and fresh idea (atleast for me) he said was that civilisations flourished easier when they spread latitudinally rather than longitudinally. Easy examples - Nile, Yellow and Indus valley civilisations (i forgot the fourth big civilisation of the past. think its persian). Recent examples are USA and Europe. Thats why civilisations were tough to spread from North India into South India and vice versa. Similar case with Africa, South America. The relation is simple if one applied common sense (which is so uncommon) - the climatic conditions are largely similar along the latitudes and highly dissimilar along longitudes. Wow Eureka for me!
Thats it from my side for now. Hope to write soon and hope to fill more on the many movies i see.....
