Twosome books and stocks
Steven and Stephen’s books are so entertaining that one has read SuperFreakonomics sequel if one reveled in the first one, Freakonomics. It trashes a plenty of myths. I obviously loved the treasure-hunt approach of the authors.
The books are all about how incentives motivate people to behave in ways not easily imagined or manifest.
The matter is too detailed to elaborate in a blog entry. But to get you thinking, it is unimaginable that merely leakage of trivial information on radio destroyed Ku Klux Klan.
One of figments of my mind this book has successfully corrected is the mode of transport 100 years back was far worse in terms of pollution than even present day diesel engine autobahn. Even in terms of death, horse or wagon claimed 1 New Yorker out of every 17,000 residents. Meanwhile in 2007, automobile accidents claimed 1 out of 30,000 residents in NYC. Worst of all was the dung. With 200,000 horses, 5 million pounds of dung annually was not easy to hide. During rain the mountain of dung would stench till heavens, disgusting and cause diseases.
How TV changed life in rural India and empowered women is also covered in the sequel.
Incentives are cornerstone of our life. What motivated Chicago school teachers to rub incorrect answers and algorithm used to catch them is very fascinating. It led to firing of scores of teachers. Japanese however did not investigate the trickery of collusion. One would learn about Sumo, game and its rules.
Drop in crime baffled Americans in late 90s and “experts” would come up with every imaginable idea ranging from better policing, tougher gun control laws, drug crackdown to prospering economy. To say the least all experts look dunderheads for their articles, the benefit of hindsight. The real reason was law in 70s that allowed women to exercise abortion, thus unwanted children were no longer born.
Its cracking amusing, scientists were looking for bird poop, not the sound of universe. Nicholas Taleb would admire this serendipity. The book answers why 90%+ drug peddlers work below minimum wage, why would one risk life than working in McDonalds ? An interesting chapter on baby names and numerous other accounts and gags are provided an insight into.
Two stocks that I like for long term as much as these books.
While Hawkins Cooker is coming in buying range, their expansion has yet to be proven, one should keep tabs on it. Wait for next 1-2-3 quarters.
TTK Healthcare should also benefit from wealth generated by TTK Prestige and management focus on this business. Can be accumulated now. These are just my opinions.