So today is the day of the (second) election in Greece, what a lot of journalists are picturing as the final battle for/against the Euro: Good, old pro-EUR party (ND) against greedy, untrustworthy far left newcomers, screaming to get kicked out of the Euro zone.
In my opinion this is exaggerated, at least on the short run I expect Greece to stay with the Euro, since both parties want to -more or less- renegotiate the cuts and the EU (Hollande) will probably be willing to talk too, despite Merkels no-negotiation announcements.
Anyway im exited to see the outcome of the votes and market-reaction on Monday.
Now lets come to the links:
1. After his series of posts on growth (recommendation!) Aswath Damodaran is following up with a series about Value Investing, starting two weeks ago with Value Investing: An Identity Crisis? and more recently Passive value investing: Screening for bargains. Interesting in the last post are, besides his very good instructions of how screening stocks is actually done, his closing thought on the moat of the investor and his odds of success.
2. The Brooklyn Investor on "the good old times" and todays market environment, with high-frequency trading, volatility, revolving doors and too efficient markets.
3.Value Walk on stocks and the Greek elections, seeing investment opportunities in Greece.
Thats it for now, have a nice sunday!
No comments:
Post a Comment