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@safiranand Ok time for some Aesop’s Fables. Amazing lessons in there... 
@safiranand This one is my favourite. I share it with my students. It’s a good story to explain how frauds start very small (e.g borrowing some revenues from next quarter to “make the numbers”) and how it gradually escalates and gets rationalized, until people end up in a moral sewer.
@safiranand This one tells you about risks of blind cloning.
@safiranand Why do these stories not die? Aesop’s fables were written between 620 and 520 BC. Why are they still around? Their being around is an illustration of the Lindy effect. en.wikipedia.org/wiki/Lindy_eff…
@safiranand This one reminds me of so many things including how debt is often camouflaged as equity. For example many private “equity” deals are not really equity deals. They often represent debt hiding in equity’s clothes.
@safiranand This is so true in financial markets. Once a management of a public listed company is tagged with the reputation of being cumpulsive liars (and I have come across a few), no one listens even when are are telling the truth.
@safiranand And how often do we, as investors, come across business managers who given into near term temptations of showing excellent profitability by jacking up prices but in the process: (1) alineate customers and (2) attract competition which kills future profitability? Too often!
@safiranand This one is so true. The endless persuit of wealth (and their inability to spend it) makes people forget that they will leave everything behind.
@safiranand For someone who wants to master finance and investing, books such as "Aesop's Fables" and "Poor Richard's Almanack," and "The Richest Man in Babylon" contain better lessons than books that teach you "dynamic hedging strategies."
@safiranand Are these books prescribed as required reading as part of the CFA program? Asking some CFA friends. @paresh_vq @jaycee77 @jatin_khemani @MashraniVivek @SamitVartak
