G-Sec Yields Up

The 10-year benchmark G-Sec yield increased by three basis points (bps) to end at 7.77% on...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Facebook app draining excess battery from your phone
London : Social media giant Facebook's official mobile app is slowing Android smartphones by 15 percent and is consuming excess battery power, a media report said on Tuesday.
 
The hugely-successful smartphone app has been hit with controversy this week after a number of reports showed it drained battery life and slowed phones, express.co.uk reported Monday.
 
Facebook fans discussed the impact of the app on Reddit, with one user publishing a chart to show the drain caused by the Android app, the report said.
 
It was found during the test that involved launching 15 popular apps in succession. Each app loaded significantly faster when Facebook was not installed on the same smartphone.
 
"So yeah, I think that settles it for me... I am joining the browser-app camp for now," a Reddit user posted.
 
"Messenger seems to be worse than FB. Both apps individually caused a slow-down of roughly five percent in the test," the user claimed.
 
Another user said that, "I think it had just become so bloated with features, things they kept adding to the main site that people wanted in the mobile apps also," adding, "Combine this with Android's tendency to let apps run wild in the background."
 
Last year, some iPhone users reported a similar problem saying the app began draining almost 40 percent of the battery.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

Moneylife Investor Club Launched

The inaugural event was a scintillating presentation by Prof Sanjay Bakshi, an expert in value investing

 
On 23rd January, Moneylife Smart Savers’ Network (MSSN) launched its initiative, Moneylife Investor Club, at the majestic International Convention Hall of the Bombay Stock Exchange (BSE) with a superb presentation by Prof Sanjay Bakshi, a well-known blogger and a professor of behavioural finance and value investing. The programme was sponsored by the Bombay Stock Exchange and Kotak Securities.
 
The event started with Sucheta Dalal, director of MSSN, welcoming the guests and highlighting the objective of the Club, which is to encourage long-term investment in stocks. She then requested the guest of honour, Ashish Chauhan, MD & CEO of the BSE, to share his thoughts. In his speech, Mr Chauhan highlighted BSE’s commitment to and active role in catalysing retail investments into equities and promised to support the initiatives of the Investor Club. This was followed by a brief introduction of Prof Bakshi by Debashis Basu, director of MSSN. Mr Basu highlighted the personal and professional struggles of Prof Bakshi for a few years, after he came back from London in 1994. All he had was Rs3 lakh in savings, lots of wisdom, and a degree from the London School of Economics, after having qualified as a chartered accountant in India. 
 
Prof Bakshi gave a scintillating talk, based on his personal experience of investing over 21 years during which he learned what not to do as a result of personal as well as vicarious experiences. Through video clips, images, charts, innumerable stories and loads of humour, his key message was that we should always try to avoid risk-seeking behaviour. 
 
He exemplified the first through a shooting scene from Expendables 2 that involved throwing a live grenade in water, to create an explosion. Stuntman Kun Liu, only 26 years old, died in the explosion. If you keep indulging in such risk-seeking behaviour, you will end up like these people ultimately, he said. 
 
But why do people indulge in such behaviour? His answers covered insights into human psychology, such as overconfidence, anchoring effect, incentives, commitment bias, social proof (‘others are doing it and getting away with it’) and deprival super reaction (‘I don’t want to miss this chance’) combined with the rules of probability. 
 
Prof Bakshi said, “While investing, we can avoid unnecessary risks by avoiding leverage, seeking protection from nature and being wary of false pitches and promotions.” He explained how leverage causes financial and psychological stress. He learnt this from his personal experience. Long-term buying and holding of quality businesses, bought at reasonable prices, is something that works. He explained his personal experiences with derivatives humorously calling them ‘weapons of mental destruction’. The drastic consequences of leverage can be gauged from the fact that Long Term Capital Management (LTCG), a hedge fund, whose board members included Nobel Laureates Myron Scholes and Robert Merton, failed. The failure was the result of combining complexity, leverage (levered 99 to 1!) and stupidity, according to the professor. 
 
From an investor perspective, the closer you go to pure commodities, like ores, minerals and metals, the more you are playing with fire, said Prof Bakshi. The whole game becomes extremely unpredictable because there are too many variables. Cautioning against putting complex, but ultimately optimistic assumptions, in Excel sheets, as analysts often do, he remarked: “The most popular software for writing fiction is not Microsoft Word but Microsoft Excel.” Finally, he explained how astute salesmen of financial products use a combination of psychological tricks to push financial products because they are paid huge incentives to do so. 
 
The session ended with Prof Bakshi answering questions from diverse areas of investing such as diversification vs concentration, number of stocks in portfolio, investment mistakes, prospects for the airlines sector, etc.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)