How not to trade ;)

How Capitalism Works

Source: https://medium.com/i-love-charts/7478affb7f2a

‘What People Learn from Financial Crises’

Heh. So True. 

When he was asked what people would learn from the whole financial crisis, Jeremy [Grantham] said, “In the short term a lot, in the medium term a little, in the long term, nothing at all. That would be historical precedent.”

-James Montier to Kate Welling, via FT Alphaville

Policy Realism in India

Shamelessly lifted from here but it really struck a chord. I fear I might be turning into a cynic myself. 

A cynic’s perspective on robust policy design

The first law of policy realism
A policy that relies on the Indian citizen to act in selfless public interest will not work. In fact, a policy that expects an Indian citizen to act in anything but self-interest and relative gain will not work.

The second law of policy realism
A policy that expects Indian citizens to adhere to a process—any process—will not work as intended, because people will ignore, work around or actively undermine the process.

Implications of the above:

1. Policies must be designed to appeal to self-interest and maximise relative gains (in other words, the citizen must feel s/he will get more out of it compared to others).

2. Policy design must incorporate processes that are consistent with people’s mindsets and are resistant to being undermined.

It's China's world.

And we're just living in it. Really, how could you see this picture below and not come to that conclusion?

You might also want to read this NYT article, which is the source for the above. We're so far behind in this game its not even funny. 

Murugappa in The Economist

The Murugappa Group has been featured in a pithy 600-word article in The Economist with the lead: 

A rare south Indian business house does things the difficult way. 

I'm just curious, how did this happen? How did they get picked up to be featured in the issue? I'm not implying any dishonesty, honestly, I'm just curious. I don't know why this particular article aroused my curiosity. 

I didn't know they had such a reputation for honesty. But then, there's a lot I don't know.