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If there is something that really fascinates human being is Forecasting or knowing what future would be. Since times immemorial we have always believe that there is someone out there who knows what will happen tomorrow. This is especially true in investing industry. We always like to know which company is gone do well or bad, which industry is gone be future darling of investor, or simpler terms next quarterly/yearly earnings. I remember watching Minority Report and thinking if we can’t predict future of everything that’s fine at least let’s have ability to forecast calamity/crimes etc all the bad things that harm people – to avoid the same. And looks somebody thought same and tried to come up with algorithm to predict individual risk of committing a crime and guess what???  It’s biased against certain race, read more about it here – Machine Bias – There’s software used across the country to predict future criminals. And it’s biased against blacksLink here

There has never been a country that should have been so rich but ended up this poor – Link here

The empty brain – Your brain does not process information, retrieve knowledge or store memories. In short: your brain is not a computer – Link here

How the West (and the Rest) Got Rich – The Great Enrichment of the past two centuries has one primary source: the liberation of ordinary people to pursue their dreams of economic betterment – Link here

This cartoon explains how the rich got rich and the poor got poor – Link here

Meet the private company that has changed the face of the world – Link here

How to Fail Well – The Amazon way – Link Here (best quote from the article “If you think that’s a big failure, we’re working on much bigger failures right now. I am not kidding. Some of them are going to make the Fire Phone look like a tiny little blip.” – Jeff Bezos on Failure of Fire Phone)

The inside story of Facebook’s biggest setback – Link here

Something’s cooking in Apple’s India business – Link here

Why TIL’s proposal to hive off its Caterpillar business is anti-shareholder – Link here

The Benz and the Banjara – Tractor loans at 15.9 per cent trapped Aurangabad farmers like Hirabai in debt. But Mercedes Benz loans there were going for 7 per cent at the same time. Yet, sales of both were seen as rural progress – Link here

Tech Fuels the Winner-Take-All Economy – Link here

The Don’t Ask, Don’t Tell Guide to Trading on Inside Information – Link here

A billion prices can’t be wrong – ‘A “big data” approach to inflation is helping us understand the fundamental question of why recessions happen’ – Link here

 

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