Intelsense Capital Blog: Weekend Reading

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Reading Time: 3 minutes


Reading
across disciplines is one of the best ways to improve our investment acumen.
Here is a summary of some of the best articles I read this week.

I especially try to not post Corona related articles as that is all
one gets to read in all traditional media.

 

If you like the collection this consider forwarding it to someone
who you think will appreciate.

The story of Parle-G

This is one article which I found fascinating at many
levels. Deals with the history of Parle-G and also touches on the complexity of
manufacturing and distribution in a constrained time like the Covid lockdown.

Across the country’s
varied culinary landscape—where what one eats can signal class, caste,
religion, ethnicity, and income—Parle-G biscuits are neutral. Wealthier Indians
dip them in milky tea, poorer ones in water. Beyond the product itself, the
people who make it illustrate the complexity and interdependent nature of the
Indian economy, reliant at once on full-time workers and day labourers, not
simply across the supply chain but often at the same company, even on the same
factory floor. The Parle-G biscuit is, in many ways, bound up in multiple
Indias—that of the formal and informal economy; that of big retail chains with
their advanced supply chains and online stores, and mom-and-pop stores that
have neighborhood credit systems; that of the rich, and the poor.

https://www.theatlantic.com/international/archive/2020/06/india-biscuits-coronavirus-pandemic-migrant-workers/612619/

 

Deepfakes can be useful – if
they don’t become a menace

Synthetic media
technologies—popularly known as deepfakes—have real potential for positive
impact. Voice synthesis, for example, will allow us to speak in hundreds of
languages in our own voice. Video synthesis may help us simulate
self-driving-car accidents to avoid mistakes in the future. And text synthesis
can accelerate our ability to write both programs and prose.

But these advances
can come at a gargantuan cost if we aren’t careful: the same underlying
technologies can also enable deception with global ramifications.

https://www.technologyreview.com/2019/12/12/131605/ethical-deepfake-tools-a-manifesto/

 

Negative news is bad for
your health

Research shows us
that even in normal times, constant exposure to negative news can have a heavy
impact on our mental health. Among other things, negative news increases the
level of cortisol, the body’s primary stress hormone. Continuous exposure to
cortisol has been shown to cause severe side effects, including being unable to
naturally regulate blood pressure. Furthermore, negative news stories have been
shown to significantly change an individual’s mood and mindset — particularly
if there is a tendency to emphasize suffering, death, and other emotional
components of the story.

https://sloanreview.mit.edu/article/why-sharing-good-news-matters/

 

Market timing is not
possible

Markets are second-order systems. What this means is that in order to successfully implement such
market timing strategies you not only have to be able to predict events —
interest rate rises, wars, oil price shocks, the impact of the coronavirus, the
outcome of elections and referendums — you also need to know what the market
was expecting and how it will react and get your timing right. Tricky. When it
comes to so-called market timing there are only two sorts of people: those who
can’t do it, and those who know they can’t do it. It’s safer and more
profitable to be in the latter camp.

https://www.fundsmith.co.uk/news/article/2020/07/02/financial-times—there-are-only-two-types-of-investors

 

Augmented reality used for
the first time in spine surgery

Augmedics, a pioneer
in augmented reality, surgical image guidance has announced its groundbreaking
xvision Spine System has been successfully used for the first time in a spinal
fusion surgery in the United States.  The system was used in a spinal surgery procedure by Johns Hopkins University
surgeons. xvision, the first Augmented Reality Guidance system for surgery,
allows surgeons to visualize the 3D spinal anatomy of a patient during surgery
as if they had “x-ray vision,” and to accurately navigate instruments and
implants while looking directly at the patient, rather than a remote screen.
The xvision Spine System takes the best of surgical navigation systems and
improves upon them to meet the needs of surgeons and provide technical
confidence in the operating room.

https://orthospinenews.com/2020/06/11/first-augmented-reality-spine-surgery-using-fda-cleared-augmedics-xvision-spine-system-completed-in-u-s/


Also Read on FinMedium:  Market Update for 20/07/2020: | Street-fluence

Disclaimer: Abhishek
Basumallick is the Head of the equity advisory
 www.intelsense.in for long term wealth
creation and a pure quant focused newsletter at 
www.quantamental.in. The blog posts should not be
construed as investment advice. Please do your own due diligence before
investing.



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Abhishek Basumallick
Abhishek Basumallick is the Head of the equity advisory www.intelsense.in for long term wealth creation.
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