Sunder’s List: Are Smart People Stupid?

Roundup: S&P +0.01%, Dow flat, Nasdaq +0.58%, Gold $1242.70, London -0.87%, Germany -0.11%, France -0.57%. At pixel: Nikkei -0.25%, Hang Seng +0.03%

Flipkart.com is now valued at roughly Rs.9,900 crore. In comparison, Free Float Market Cap of Mindtree: Rs.4,190 crore. (LiveMint)

The coming margin crunch in Infy: Narayana Murthy has conceded that the company may need to sometimes lower prices to win more business. The move towards flexible pricing is a significant departure from the company’s traditional strategy where it would command a premium on pricing. (LiveMint) [stockquote]INFY[/stockquote]

Residential property prices in some south and central Mumbai locations like Parel, Lower Parel and Mahalaxmi have declined nearly 10%. Developers have been open to negotiation especially in the premium segment, reducing prices up to 25% in favor of a sizeable up-front payment. Vacancy rates in the financial centre of Mumbai and capital New Delhi topped 20% in the third quarter. (ET, LiveMint)

How long before cord-cutting takes root in India? Over the last three years an estimated 5M cable and broadband subscribers in the US have been lost as the Pay-TV sector continues to feel the impact of cord-cutting and the coming of age of cord-nevers. (SA)

The US is on track to become the third largest solar market, behind China and Japan. If all the projects in the pipeline are built, their peak electricity output would be equivalent to that of 43 big nuclear power plants, and enough to keep the lights on in six million American homes. (QZ)

Introducing the “bias blind spot”: our ability to spot systematic mistakes in the decisions of others — we excel at noticing the flaws of friends — and inability to spot those same mistakes in ourselves. Smarter people showed larger bias blind spots. The more we attempt to know ourselves, the less we actually understand. (NewYorker, #tlbbinvesting)

Good Luck!

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