“If the innovator succeeds, it will have a nearly impenetrable position.”

What’s wrong with a “fantasy-based system”.

Some rules for developing it.

Just finished reading wonderful book “The Dhandho Investor” by money manager Mohnish Pabrai.

A conversation.

And its dangers.

Drucker’s views.

This is what we found interesting from the current issue of the “The Economist” (January 21st – 27th January 2012).

“There is no sacrosanct time period in which to make proper manager assessment.”