Thursday, December 18, 2014


How levered was John Maynard Keynes' portfolio? (LINK)

What Happened When Marissa Mayer Tried to Be Steve Jobs (LINK)

Eddie Lampert: Is something a “failure” if other successes come from it? (LINK)


Amazon Not as Unstoppable as It Might Appear (LINK)

Andrew Smithers: Poor productivity in developed economies appears to be structural (LINK)

TED Talk - Carol Dweck: The power of believing that you can improve (LINK)
Related book: Mindset: The New Psychology of Success
Winners Announced in the National Geographic Photo Contest 2014 (LINK)

BYD shares sink by a third in mystery sell-off (LINK)
Shares in BYD, the Chinese electric car company part-owned by Warren Buffett, fell as much as 47 per cent during a bout of panic selling. 
BYD’s Hong Kong-traded shares rebounded partially in late trading to close down 29 per cent, at HK$25.05, on Thursday. Trading volumes were very heavy, at 40 times the previous day’s 15-day moving average, according to Bloomberg data. 
In a statement issued after the market closed, the company’s board said it was not aware of any reason for the sharp sell-off.
Having bought into the Shenzhen-based company at about HK$8 a share, Mr Buffett’s Berkshire Hathaway Energy is still sitting on a sizeable paper profit. BYD’s shares peaked at HK$88 in 2009.