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Wisdom is not a product of schooling but of lifelong attempt to acquire it Collate resources on the topic Extract only vital information (abstract and Conclusion ) even if you don’t understand the whole paper Take structured notes and then re-read the Paper with all details Read supplemental material as needed .

Portfolio Theory – some salient points Risk of the average is not equal to the average of the risk shifting the efficient frontier to North west , the portfolio can be optimised to an extent efficient frontier :- standard way of showing return and risk relationship Expand the universe of investible asset classes to produce … Continue reading Portfolio Theory

“I don’t run for trains” This is the career advice that I read and liked the most in the excellent book “The Black Swan” 1. Teach yourself to resist running to keep on schedule . In refusing to run to catch the trains ( at various stages in your life) , lies the true value … Continue reading Don’t run for trains

Early 80’s :- Zhang Ruimin ( known for his work in turning a little-known, bankrupt refrigerator manufacturer into the world’s largest white appliances company – Haier ) once lined up about 75 refrigerators that had been produced with some minor defect . He asked his staff as to what should be done with the defective … Continue reading China – some history and way beyond