Sunder’s List: 77 Reasons and…

People usually get better at things over time. We’re better farmers, faster runners, safer pilots, and more accurate weather forecasters than we were 50 years ago. But there’s something about money that gets the better of us. It’s one of the only areas in life we seem to get progressively dumber at. Here are 77 reasons why people are awful at managing money:

At any given time, public co’s shareholder base consists entirely of one of: growth investors, value investors, arbitrageurs, or nobody. The growth investors will hold a stock as long as the rate of revenue growth does not slow. Value investors want the business run for cash and maybe for buybacks. Below the value investors are the bottom feeders who get really interested when the stock is trading at half cash. Outside this are the arbitrageurs that just want to rent the stock for a short term deal. No deal and they are disappointed. (brontecapital)

Speaking of arbitrageurs: High-Speed Trading Isn’t About Efficiency—It’s About Cheating. (Atlantic)

We have been hearing a lot about the MINT (Mexico, Indonesia, Nigeria and Turkey) economies lately. But its way to early to break out the champagne: At this stage of their economic development the MINTs are generally harnessing their large populations to pursue export-led growth. But increasing the labour force is not enough to automatically achieve high rates of economic growth. The serious issues with corruption and the rule of law in the MINTs represent a particular challenge. (TheConversation)

Thank you Sonia, your knucklehead schemes have turned the clock back on India: India Goes Back to the Farm

Your world at 9am

world markets


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Good luck!

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