Hottest Links: China’s Lost Decade, Test Of Time, And Munger Quotes

Updated on

Hottest links for Friday, February 28th, the late edition. Get our free daily newsletter and never miss a single linkfest. Also, now if you sign up you will get our new e-book on value investing.

Top stories for today are included below.  To finish off your work week and kickstart your weekend, we’ve got some great stories, including a great think piece on why investors make the same mistakes over and over.

Hottest Links: Stories

Value Investing

Emerging Markets series part 2: Koc Holding AS (IST:KCHOL) (OTCMKTS:KHOLY) – the best of Turkey in one stock?

Turkey is clearly the Emerging market country with the most obvious issues at the moment. The decline of the Lira triggered a massive interest increase by the Turkish National Bank, which clearly is not really a tailwind for the local economy. [Memyselfandi, ValueAndOppurtunity]

Charlie Munger and Seth Klarman quotes

Two markets are inefficient: very small ones (which are not much use to Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), with its $120 billion), and ones where crazy people are doing crazy things, especially if they’re selling. [Joe Koster, Value Investing World]

Value investing continues to stand the test of time

Back in the 1960s, a number of Western agricultural scientists travelled to Lake Titicaca in the Peruvian Andes to study how the peasants there farmed their land – and returned home baffled by what they had found. [Andrew Lyddon, The Value Perspective]

“A Beginner’s Guide to Irrational Behavior,” Take 2

Some of these decisions might be great, while others … not so much. For example, take the mind-boggling case of someone winning a chess championship one minute and texting while driving the next. [Dan Ariely]

A Chapter from Swensen’s Book

Given his reputation and the title of the book, we would be remiss not to feature excerpts from David Swensen’s Pioneering Portfolio Management. [PMJar]


Is China Set for its Own “Lost Decade”?

Remember the big boom in Chinese stocks a few years back?  Chinese stocks were all the rage, new Chinese ETFs were cropping up and famous investors were pounding the table on the coming China boom. [Cullen Roche, Pragmatic Capitalism]

Hottest links

California’s Electricity Supply/Demand Models Bear a Startling Resemblance To A Black Swan

From the California Independent System Operator via Greentech: [Climateer Investing]

Measuring the “Skill” of Index Portfolios

Some of these options have been around for many years and have large amounts of assets under management; others are younger and only now gaining widespread acceptance. [Jason Hsu and Vitali Kalesnik, Research Affiliates]

Hottest links

Dover To Remain in S&P 500 While Knowles Will Join The S&P 400 Midcap Index

Dover Corp (NYSE:DOV)’s spinoff of Knowles is set for tomorrow and S&P 500 (INDEXSP:.INX) recently announced the resulting changes to its indices. [Spin Doctor, Stocks Spinoffs]

Allan Roth: Why Investors Repeat Mistakes

An investor contacted me looking for help. He was mostly in cash and confessed that he panicked and sold after the stock plunge in 2008 and missed the run-up that began in 2009 that took stocks far higher than the pre-crash levels, as shown below. [Allan Roth,]

Hottest links

Nailing the Private-Equity Firm Interview

Landing an interview with a private-equity firm is no easy feat for a first-year banking analyst. Surviving the interview process may be even tougher. [Melissa Korn, MoneyBeat]

Hottest Links: Not The Onion

‘I had sex with goat ten times but I did ask it first’

A Nigerian villager has been arrested for having sex with his goat but is adamant he should be freed because he asked its permission first. [Metro]

Leave a Comment