A few weeks back, I had the joy of meeting Warren Buffett in Omaha, Nebraka, as part of a group of students at Cornell that Warren Buffett hosted for a morning of Q&A and lunch. We were among 8 schools that were visiting on the day, and there were some very interesting takeaways from the … Continue reading
A version of this article was published in the Cornell Business Journal, an independent student-run publication. In October last year, the Congressional Budget Office (CBO), a non-partisan arm of the Congress, came out with a study saying that in the decade beginning 1997, income grew by 18% for the bottom 20 percent of households, … Continue reading
We all share concepts that are considered axiomatic, despite rather imprecise shared understanding. These are told to everyone as obvious, and a simple restatement of the concept is understood to contain its own proof. The concept of free markets is one of them. The freedom concept is often invoked when state’s actions are feared to … Continue reading
Book: Endgame: The End of the Debt SuperCycle Authors: John Maudlin and Jon Tepper The title of the book is self-explanatory. The authors say that we are at the end of the debt super cycle and then talk about ways of unwinding the global credit binge. They also look at the possible paths that different countries may … Continue reading
Look at how drastically 2Y, 10Y and 30Y yields have dropped in a week. This is stunning. The 2mo yield became negative. This is so unreal that BoNY Mellon has started charging fees for keeping investors’ money if they deposit >$50m, reversing everything you have come to expect from a bank deposit. You’re now … Continue reading
Disclaimer: I am not a professional investor, and not authorized to give advice. As you read the following, remember that the phrase ‘caveat utilitor’ has never been more applicable. Accuracy and completeness of information is not guaranteed. “U.S. Is Running Out of Time to Fix Deficit, Budget Woes” “China Tightening Monetary Policy to Damp … Continue reading
I read a very interesting article today that points out supply-side issues in some US housing regional markets that contribute to the bubble-and-bust phenomenon. Read it at The Truth About the U.S. Housing Market
Hi, I am Saurabh. I am a graduate student at the Johnson School at Cornell University, and I am pursuing a specialization in Capital Markets and Asset Management. Here, I will share my stock pitches and commentary on financial news. I sincerely hope to keep my commentary substantiative, and will avoid delving into what is called by … Continue reading
