Learning is best accentuated when you learn from vicarious experiences and not just your own. This is a place where Manish Dhawan and Puneet Khurana, interview interesting people from different walks of life. This is our endeavor to unearth the value system and thought process of maverick decision makers from the world of Investing, Psychology, Business, Sports and others.
Stoic Podcast Episode 16: Alok Jain - "Weekend Investing; Power of Momentum"
In our 16th episode, we present to you, Mr. Alok Jain.
Eugene Fama the father of Efficient Market hypothesis openly admitted to the 02 anomalies, namely Value and Momentum. While value hunting is considered as Investing, somehow Momentum Investing almost sounds like an oxymoron. A typical buy and hold investor cannot even fathom these 02 words used in the same breath.
Mr. Alok Jain backed by his back-tested automated systematic trading systems named Mi-50 and Mi-25 is here to break that myth. He demonstrated that by having a rule-based entry and exit, one can efficiently exploit this inefficiency.
We at StoicInvesting.com, of course, are not endorsing his offerings; neither are we commenting on the efficacy of the strategy.
Our job here is simply to present the various avenues available, different ways to skin a cat. Like our caveat says, There is only one right way, Yours.
To know more about him, his background and his offerings, please feel free to explore his website, www.weekendinvesting.com
Stoic Podcast Episode 15: Bethany McLean - "The 60 Billion Dollar Question"
In our 15th Episode, we present to you Ms Bethany Mclean.
All of you must have seen that famous and enchanting documentary: ”Smartest guys in the room”. She is the author of the book with the same name behind that documentary.
That is not the only claim to fame for Bethany. She has also written “All the devils are here” unearthing the nuances of 2008 financial crises.
Bethany McLean is a contributing editor at Vanity Fair and also a columnist at Reuters.
In this freewheeling interview we touch some sensitive topics pertaining to facts, accounting and psychology behind the biggest fraud and financial crises of our times. And also what does it take to be a whistle blower. Fasten your seat belts and enjoy the ride.
let’s listen in…
[1:42] How did she spot the fraud in the first place?
[6:15] Transition from Analyst to journalist?
[9:20] I am an OUTSIDER”
[9:25] Jim Chanos!!! The short seller
[13:14] Role of Luck
[15:40] A cage rattler (Is there any Life risk?)
[17:45] Easier said than done “Corporate Governance – Code of Conduct”
[21:54] Ever considered short selling as a career?
[23:25] Freedom comes with Responsibility.
[25:18] Life moves on!!! But were any lessons learnt!!
[29:21] Where to look for discrepancy?
[35:48] Accounting is the presentation of reality
[36:07] Too big to fail Crony capitalism!!
[37:34] Line between right & wrong is drawn after the result (hindsight)
[38:16] How to keep “successful” fraudsters in check?
[44:10] Bethany McLean’s course
[49:30] Facts are Slippery
Some famous writings:
Is Enron Overpriced? (2001)
Smartest Guys in the Room (2004)
All the Devils Are Here (2011)
Shaky Ground (2015)