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No substitute for hard work - Views on News from Equitymaster
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  • Dec 9, 2013

    No substitute for hard work

    Here is today's recommended reading list from Equitymaster...

    This currency can destroy the US dollar

    The US dollar is the world reserve currency. However, considering the state of the US economy, the future of currency looks grim. People have spoken about various alternatives like Yuan and Euro. However, both of these have not been able to replace the US dollar. However, according to the author, this currency has that universal appeal and right attributes to replace the US dollar. Read on to find out which currency we are referring to... CNN Money

    Do financial crises happen accidentally or are they inevitable?

    If one looks at history or finance for that matter, most of the major events are often explained by short term causes. For instance, in history, the perception is that the First World War was a consequence of the assassination of Archduke Franz Ferdinand, heir to the Austrian-Hungarian throne. Or in finance, the Asian crisis and the stock market crash of 1997 has been attributed to foreigners attacking Thailand's currency. But noted investor Marc Faber believes otherwise. He opines that a closer examination of all such events shows that the causes were far more complex. And that there was always some 'inevitability' at play! To further reiterate his view, Faber has cited various examples especially when it comes to global financial markets. Read on to find out more. Zero Hedge

    Are stock market gains evading common Americans and Indians?

    Stock markets, both in the US and India are making new highs. However, as less than 10% of Indians invest directly in equities and equity related instruments the market highs do not mean much to most Indians. Is the situation similar in the US? One would imagine most Americans getting richer with stock market gains. However, the truth is far from it. Read on to find out the statistics behind the quantum of Americans reaping rich stock market gains. Business Insider India

    No substitute for hard work

    Factors like a high IQ level, a photographic memory and good capital allocation skills are considered to be some of the things that set Warren Buffett apart. In fact, many believe these aspects have provided the Oracle of Omaha with the success he has had in his career. While those may be true to a certain extent, it is in fact the strong building blocks which are really to be considered as the formula for his success. Read on to know more about what the author believes are the building blocks of becoming successful in the world of investing or any other field for that matter. Guru Focus

    Which are the greatest asset bubbles in history?

    At present, everyone is trying to spot the next biggest asset bubble which may be anything from the stock market, bitcoins to tech IPOs. Asset bubbles which shake the entire global financial system for years have been occurring since ages. While, the next biggest asset bubble to emerge remains to be seen, the above article discusses five of the biggest and worst asset bubbles in history and the destruction they caused to the economy. Read on to know more.... Money Morning

      Devanshu Sampat (Research Analyst) has a degree in commerce and nearly 5 years of experience in equity research. He draws inspiration from successful value investors across the globe and constantly endeavours to refine his own unique stock picking approach. While a firm advocate of the principles of value investing, he believes in adapting a versatile investing strategy in response to varying market conditions. Devanshu contributes to our Megatrend investing service The India Letter.

    This article is for information purposes only. The link in this article will let the User leave www.equitymaster.com and proceed to the linked article. The User's use of each such site is subject to Terms of Use on www.equitymaster.com and other terms of use, if any, contained within each such site. Any data and charts if used, in the article have not been authenticated by Equitymaster and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views, if any in the linked article are not of Equitymaster. Equitymaster will not be responsible for any loss or liability incurred to any person as a consequence of his or any other person on his behalf taking any investment decisions based on this article. Please read the detailed Terms of Use of the web site.



    Equitymaster requests your view! Post a comment on "No substitute for hard work". Click here!

    1 Responses to "No substitute for hard work"

    Kirandeep Atwal

    Dec 9, 2013

    Lot of people work hard. But, few people become as successful as Warren Buffet. The reason is that Warren Buffet worked hard in right direction. The only thing that is common between Ratan Tata, Warren Buffet, Bill Gates and Theodore Roosevelt is that, all of then likes to read lot of books to increase their aptitude in their respective fields. Abraham Lincoln once said, "Give me six hours to chop down a tree and I will spend the first four sharpening the axe."

    Equitymaster requests your view! Post a comment on "No substitute for hard work". Click here!

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    Aug 23, 2017 01:53 PM