Your world at 9am
|Brent Crude Oil||+0.57%|
|WTI Crude Oil||+0.52%|
Conditions are so dry in California that some farmers aren’t even bothering to plant. Will this make India’s food inflation situation worse? (Bloomberg)
Many products are often complex for complexity’s sake, while conflicts of interest abound among financial advisers and insurance brokers. If you really care about people making better financial decisions, focus on making financial products simpler and transparent. (Bloomberg)
Fund managers do not try to maximise their returns. They try to do better than their peers. We do not necessarily need a BMW, until next door has one. People do not necessarily need to maximise their pay – but grow furious if they find they are paid less than a colleague. Rather than do the best for ourselves that we possibly can, many of us instead aim just to do better than the other guy. (FT)
Enjoy! Markets closed for Dr. Babasaheb Ambedkar Jayanti.