This book is written by Andy Kessler. It’s a fascinating account of the way in which author runs a billion dollar fund and becomes one of the top performing hedge fund managers in US. But more than that, the book teaches a reader about trend spotting. The biggest factor that he attributes success is “trend spotting” The first part of the book is about raising funds Raising Funds is a very hard task as every investor worth his salt would ask for “EDGE”.

Among academics, there is little debate about the effect that extensive choices have on consumers' decisions about retirement savings. In a study of nearly 800,000 employees at companies offering 401(k) plans, researchers at the Wharton School found that plans offering employees fewer choices about where to put their money had significantly higher participation than plans that offered a plethora of choices.

Yesterday I had been to citibank to deposit some stuff and submit my change of address form..Yes, change of address in this e-age,and highly connected internet world, sadly has to be submitted in a letter and put in a drop box. The bank timings on saturday are from 10:am to 12:00pm…I do not understand the logic…Bank is just like any other service organization . The way they intrude us day in day out with the calls like overdraft facility, Loan on sms etc…makes me wonder, why the heck are we not allowed to bank on weekends and intrude a little in to their free time ?

Via New York Times : “The idea that there are jobs that Americans won’t do is economic gibberish,”

We often hear that mathematics consists mainly of “proving theorems”. Is a writer’s job mainly that of “writing sentences” ? – Gian-Carlo Rota (1932-1999).