Anand Kumar

“For engineering talent Clark looked to Silicon Graphics. In particular he had his sights on the Indian engineers who had taught him to write the code for his boat and then built the interactive television. Clark had a thing for Indians. “The Indian outcasts of Silicon Valley,” he usually called them; “my Indian hordes,” in less sober moments. He thought of the young Indian men who had taught him the tools he needed to program his sailboat as some of the sharpest technical minds he’d ever encountered. “As a concentrated group,” he said, “they were the most talented engineers in the Valley…and they work their butts off!” As it happened, the Indian education system had been built to find and to cultivate precisely those skills Clark, and people like Clark, valued most.”
― Michael Lewis, The New New Thing: A Silicon Valley Story

“John Allen Paulos, in his book, A Mathematician Plays the Stock Market, reveals the highest correlation ever found to the S&P 500: It was the amount of butter produced in the country of Bangladesh. Apparently, between 1983 and 1993, when butter production was up 1 percent, the S&P 500 was up 2 percent the next year. Conversely, if butter production was down 10 percent, you could predict the S&P 500 would be down 20 percent.”
― Allan S. Roth, How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn

“We all act silly with our money, and that includes me, as well. If you want to find the investors most prone to these human investing biases, that’s easy. They are the ones who are bragging about their investment performance and don’t know they are acting silly with their nest eggs.”
― Allan S. Roth, How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn

“We don’t mind paying someone 1 to 2 percent to manage our money because these are small numbers and we don’t actually have to write out a check.”
― Allan S. Roth, How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn