Freakonomics

Few days back I got a chance to read this book. And this book is really written by a kind of freak. Through out the book author(Steven D. Levitt) has challenged conventional wisdom. Author's site is www.freakonomics.com

For example in US presendential elections the candidate who recieves maximum donation is winner. So according to conventinal wisdom to win elections you should get more donation than your opponents.
Steve has given counter of this wisdom. Lets say you are giving a donation to a candidate during election. Whom would you prefer?, some one who has no chance of winning at all or someone with strong chances. Answer is obvious. So the truth is winning a election is not a result of getting more donation but a mere confirmation that candidate had good chances of winning election.

Book is full of these kind of examples. But my favorite is section where School Teachers of US are compared with Sumo Wrestlers of Japan.


Back to stock market. Week of 16th Feb was full of excitement , with market crashing like anything and then recovering some what. One stock which is having really bad times is Parsvnath Developers. From the listing price of 550 (IPO price 300) on 30-Nov-2006, it has continuously slided. CMP is 321. Stock deserves better price than this. I picked some in this crash @ 300. Lets see where it goes.