Seeking Alpha by Adding Beta

Over the 4th July long weekend, I am alone since my family is in India on extended vacation. This is good time for me to catch up on my reading. I went to Borders and bought "The world is Flat" by Thomas Friedman. I had just onto second chapter and I must say that it is MUST read for anyone educated and want to get ready for this changing world order. Fortunately for us indians, the new order is much more beneficial for India (and China). I liked his concept of Globalization 1.0, 2.0 and 3.0 phases. First phase from was 1492 to 1800 when countries went on to discover other countries in search of wealth and eventually colonization came in. In 2.0 (from 1800 to 2000), big companies starting from East India Company to today's IBM had power and went across globe to become multi-nationals. In 3.0 which has started post 2000, individuals would have the power. Currently reading 10 factors which caused the world to become "flatter". More later on this reading....

When I was in India for 3 weeks from Jun 8 to Jun 26, I used to read Economic Times and watch one of the business news on NDTV or Aaj-Tak. The stock market was so hot that it reminded me Nasdaq of 1999-2000. However there was a small difference. Most of the increases were based on solid fundamentals and Indian stock market is still trading at P/E of around 15 even at this peak. I correctly predicted that all reliance stocks would jump as soon as settlement between Ambani brothers is reached and they did. I was at Solapur when this news came and I told to my brother-in-law to but Rel Cap at 282 (that day it jumped 20 % from 234) and told him that it will reach 500 in 2 years. It is already at 374. Just read that Reliance Cap has bought 51 % of Adlabs which is in entertainment and multiplexes. The stock has already jumped from 150+ to 270+ in past 2-3 weeks. I need to watch this since my guess is that this will also reach 500 in 2 years or less. More on Indian stock market and stock tips

While going to India 4 weeks back, we had a stopover at Singapore for about 8 hours. We took the advantage of free singapore trip offered by Singapore airport. I must say that it was great trip to see city again after 10 years (we took first trip in 1995). The trip had a very good boat ride along downtown area. Singapore is the greenest city I had seen.

I was in India for 3 week vacation. It was a great vacation meeting with all family and friends. We went to few places line Vani near Nasik. We also went for a marriage on my wife's side family and from there we went to Panhala near Kolapur. It was short but exciting trip.