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The Infant Learner
Some stuff I read this week:
A. This week’s Special
(Carl Icahn – “The Greatest Investor Of All Time”)
Carl Icahn recently booked profit Rs.13000 crore ($2 Billion) by selling his entire stake in Apple Inc. He bought the stock three years ago and had then called it an ” undervalued” “no-brainer” with ” great barriers to entrance”.Carl has now revealed that he sold Apple because he anticipates that the company will have serious problems with China’s policies.
As per Forbes report, Carl Icahn has compounded his wealth at an incredible CAGR of 31% since the year 1968. In contrast, Warren Buffett has compounded his wealth at a relatively modest CAGR of 19.5% in the same period from 1968 onwards.
In practical terms, if you had invested $ 1,000 with Warren Buffett, it would be worth about $ 5 million today. The same sum invested with Carl Icahn would be worth an eye-popping $400 million today. This makes it clear that Carl Icahn has “superior skill” as compared to Warren Buffett and is ” The greatest investor of all time.” To read more about Carl Icahn success secret follow below links:
Link 1: ” Real Secret ” Behind his astounding success in stocks ( Conference )
Link 2: Billionaire Carl Icahn’s winning traits ( Forbes )
Link 3: Apple loses an iPhone trademark battle in China ( WSJ )
B. Entrepreneurial Diary
( “Business means solution of a particular problem and Creating value for customer as well as value for company ” – Paramjeet Redu )
Speed as a Habit ( First Round )
Small Ball ( AVC )
The most important digital skill for tomorrow’s CEOs ( Weforum )
Start up Initiative : Pankh ( The Better India )
Start up Story : Purnatva’s solution ( Your Story )
Start up Corner : Wooplr ( Business Standard )
7 young Indians made millionaires by tech startups (India Today )
How Ashton Kutcher turned $30 Million into $250 Million ( Forbes )
C. Other Stories
Stop Crashing Planes: Charlie Munger’s Six-Element System ( Farnam Street )
Berkshire Hathaway AGM 2016 transcribed ( Yahoo Finance )
How to reduce cost and gain competitive advantage( Founding Fuel )
Interview with Rakesh Jhunjhunwala ( Money Control )
Hyderabad Pharma Companies fight back ( Outlook )
How efficient is Indian education? ( Mint )
Buffett lessons for Value Investors ( AA )
The worst bear market nobody talks about ( The Irrelevant Investor )
Ranking 30 sectors by equity performance 1933-2015 ( Philosophical Economics )
“I read everything: annual reports, 10k’s, 10q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of seats. Reading is key. Reading has made me rich over time” – Warren Buffett
“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you” – Charlie Munger
You have to apply yourself each day to becoming a little better. By applying yourself to the task of becoming a little better each and every day over a period of time, you will become a lot better”- Carol Dweck