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The Infant Learner

Some stuff I read this week:

A. Market Research

MFP Market Report Card (MFP)
Manufacturing vs Exports: Where Can India Win (IW)
April 2025 Letter to Investors by Ikigai Asset Manager (PT)

B. Entrepreneurial Diary

3 Steps for Life (WP)
A Few Short Stories (CF)
Be Minimally Extractive (DD)
The Secret to Compounding (MC)
When You Change the World and No One Notices (CF)
How AI Will Answer Questions We Haven’t Thought to Ask (PL)

C. Momentum Investing and Its Crashes

All About Factor Based Investing (CM)
How to Run a Momentum Portfolio (PK)
The True Contrarian Strategy – Momentum (PY)
Everything You Need to Know About Momentum Investing in India (CM)
Momentum Investing with Asset Allocation framework by Manish Dhawan (CFA)
Demystifying Factor Investing for Modern Markets with Anish Teli (SI)
Momentum Investing and its Crashes : The Drawdown Termite by Manish Dhawan (CFA) (PPT)

D. Personal Finance

The Case for Silver (SK)
Bear Markets are a Necessary Evil (LW)
The U.S. Dollar vs. Your Portfolio (CS)
7 Key Reasons to Achieve Financial Freedom by 45 (JI)
NRIs Celebrate: No Capital Gains Tax on Mutual Funds in India! (CC) (IT)
The Mistake You’re Making in Today’s Stock Market—Without Even Knowing It (CS)(WS)
The Three Buckets Rule That Separates Long-term Investing from Pure Speculation (SP)
Nano Allocations: Why This Portfolio Allocation Mistake Will Waste Your Time & Energy! (JI)

E. Other Articles

“High Standards” by Ian Cassel (MC)
Return of Quality Investing? (ZI)
The Stock Market’s Casino Problem (SN)
Understanding and Cultivating Investing Edges (JJ) (II)
Understand The Difference Between Risk and Uncertainty While Investing (CI)

“I read everything: annual reports, 10k’s, 10q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of seats. Reading is key. Reading has made me rich over time” – Warren Buffett

“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you” – Charlie Munger

You have to apply yourself each day to becoming a little better. By applying yourself to the task of becoming a little better each and every day over a period of time, you will become a lot better”-  Carol Dweck