In this valuable video, George Soros shares his lifetime learnings on Financial Markets. Some of the key messages are:
1. In business cycles, Earnings (EPS) rise will lead Valuation(P/E) rise, and Earnings (EPS) fall will lead Valuation(P/E) fall because investors tend to extrapolate the present into the future.
2. Whatever is known to the majority, can not create profits (competitive advantage).
3. Markets discount all the known things. The profits are in the unknown (events of the future), which are not yet discounted by the market.
While this video is 5 years old, the content is still very relevant, and some of the implications and projections by George Soros have actually come true in last 5 years. The key point to note is that George Soros does not accept/agree with the Efficient Market Theory. While we can’t predict the future, it is possible to create scenarios and test them against the events as they unfold.
Open Society Foundations chairman and founder George Soros shares his latest thinking on economics and politics in a five-part lecture series recorded at Central European University, October 26-30, 2009. The lectures are the culmination of a lifetime of practical and philosophical reflection. Continue reading →
Our good friend Vikas Sharma is back into writing poems after a long break. Here’s his latest poem, which celebrates 12 years relationship anniversary. Looking forward to more new poems.
ye barah baras aapke saath ke
mere haath mein aapke haath ke
ye din aaj laayaa hai jo waaqyaa
wo din apni pahli mulaaqaat kaa
Most Americans and Europeans have easy 24×7 access to clean water and can drink as muchand whenever they feel like. But for 750 million people around the world, purified/clean water is a luxury. Women and young girls in low-income countries walk about 3.7 miles each day to collect water – a total of 40 billion hours a year. Every year poor children miss nearly 440 million school days because of water scarcity. That’s why Matt Damon and Gary White co-founded Water.org, a nonprofit dedicated to providing clean water to impoverished families and individuals living in Africa and Asia. Continue reading →
As is often the case with any form of government, there are only so many resources to go around, especially in a country as large and diverse as the United States of America. Naturally, in a country where the government determines where and how its resources are divided amongst the many causes and interests of its people, there are various special interest groups and corporations that try to influence the government in its decision-making. This process is known as lobbying, and for better or worse, it plays a major role in American politics.
Controversial in nature, lobbying is typically carried out by well-connected advocates, lawyers, or ex-government officials, who are paid to use their influence with politicians and other public officials to sway political favor one way or another. The connections these lobbyists have with said bureaucrats is often of a very personal nature, and in some cases these relationships span the course of several years or decades, if not their entire life. Continue reading →