Inflation, currency shocks, and their unequal impact on the Indian population as a whole have been brought up repeatedly in this week’s coverage of India. In part one of a two-part interview with Pradip Shah, the founding managing director of … Read more
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The mission of a good investment analyst is to think about the impossible thoughts — or at least the ones that seem improbable to most. The job of a prudent portfolio manager is to anticipate problems in the face of … Read more
Leave a CommentOne cannot consider India without thinking about the massive impact that its language and culture have had abroad. Many common English words — among them, “thug”, “shampoo”, and “pundit”— have their origins in languages from the subcontinent. That’s not much … Read more
3 CommentsIn Argentina’s stock market, investment decisions are based mainly on the behavior of the US dollar/Argentine peso exchange rate. Since 2011, Argentina’s government has introduced several measures that have made this possible. As an introductory note, Argentina’s economic history has … Read more
Leave a Comment Introduction In last week’s post I mentioned one of the slogans used in the US Marine Corps, “Adapt, Improvise, and Overcome.” As 10 November 2013 was the 238th birthday of The Corps, I was thinking of all the adjustments it … Read more
Leave a Comment Investment professionals and seasoned investors prize numbers that include repetitive patterns. With these abstractions of reality we can build nice neat statistical formulas that give us a good chance to be correct most of the time. The problem with that … Read more
Leave a CommentEverybody has heard the stories of the blowup of super hedge fund LTCM in the late 1990s, but as far as I know, no one has ever talked publicly about what it was like inside the fund as it was … Read more
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I’ve been reviewing my posts and articles from the last time we went down the debt ceiling crisis road, and I’ve been marveling a bit. Trillion-dollar coin indeed! That post proved to be prescient in a lot of ways, although … Read more
4 Comments Each week I feel like a one-person research or reconnaissance staff looking through the information clutter trying to avoid Improvised Explosive Devices (IEDs). I hope to dance through the minefield that is out there. Like most destructive forces, IEDs are … Read more
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