Sunder’s List: There Is No Secret

Roundup: S&P +0.07%, Dow +0.14%, Nasdaq +0.01%, London +0.30%, Germany +0.33%, France +0.70% At pixel: Nikkei +1.19%, Hang Seng -0.72%

Nomura downgraded Tata Motors to Hold just a month after calling it a “top pick.” (previous, now) [stockquote]TATAMOTORS[/stockquote]

It looks as if developed economies’ central banks will unleash further monetary easing on their economies and hence the global economy. (BI)

But hedge fund are outta gold. Hedge funds cut bullish gold bets, adding the most short contracts in four weeks, as U.S. economic growth fuels speculation the Federal Reserve will trim stimulus. Holdings across commodities dropped the most since April. (Bloomberg) [stockquote]GOLDBEES[/stockquote]

Indra Nooyi, Pepsi’s chairman and CEO, announced a Rs.33,000 crore investment in India over the next six years. This is a must read article for those who are interested in India’s long-term consumption growth story. (LiveMint)

Seth Klarman: “The real secret to investing is that there is no secret to investing. Every important aspect of value investing has been made available to the public many times over, beginning in 1934 with the First Edition of Security Analysis (1934). That so many people fail to follow this timeless and almost foolproof approach enables those who adopt it to remain successful. The foibles of human nature that result in the mass pursuit of instant wealth and effortless gain seem certain to be with us forever. So long as people succumb to this aspect of their natures, value invest will remain, as it has been for 75 years, a sound and low-risk approach to successful long-term investing.” (ValueWalk)

Good luck!

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