Categories
Sellside Research

5 Research Reports: Pantaloon, MindTree, IT Midcap, Axis Bank, Magma Fincorp

These reports are for informational purposes only.Not a recommendation to buy or sell.

Prabhudas Lilladher Report on Pantaloon India

Nirmal Bang Report on MindTree

HDFC Securities IT Midcap Picks

ICICI Sec Report on Axis Bank

CRISIL Report on Magma Fincorp

Categories
Promoters

The disease HDFC Bank’s Aditya Puri is suffering from

Aditya Puri is one of India’s best known bankers-hugely respected for setting up HDFC Bank.

He has written a piece in ET today where he makes some ridiculous suggestions for reducing CAD.Some of his suggestions include:

1.Ban import of gold (Mumbai underworld will start recruiting straightaway)

2.Hike import duty rates (haven’t we seen this story before?)

3.Allow agricultural exports (try explaining why higher veggies prices are necessary to reduce CAD  to your wife)

4.Boost exports to China (er…How?)

The political tone deaf and impracticality of the suggestions makes it is clear that he is suffering from a disease called the “Shoe Button Complex.”

This phrase comes from my guru Charlie Munger. Munger’s grandfather had managed to corner the market on shoe buttons back around 1900. The grandfather exercised a virtual monopoly over their production and sale. Emboldened by his business acumen, the old man grew to believe that he not only knew more than anyone about shoe buttons but that he knew more than anyone about anything—and he preached and proclaimed at length on such. Munger and Buffett named the syndrome the Shoe Button Complex, and they encountered it frequently in their dealings with successful business practitioners.

Maybe Aditya Puri should stick to his knitting, and if he has more time on his hands, he can start reading Munger  !

 

Categories
Interview

Interview with Oaktrees Marks

Like his statement:“When you buy something, ask yourself how much optimism is priced into the stock.If it is too much optimism, then it is probably a bad buy .

 

Categories
Humor

Warren Buffet flunks a test

Hilarious !! Also, shows the power of branding

Categories
Links

Linkfest:July 18, 2012

Some stuff I am reading today morning:

Why is it hard to make friends over 30?(Nytimes)

How to lose 75% in one year (ZeroHedge)

Becoming a permanent tourist (DailyReckoning)

10 Most common investor behavioral biases (Abovethemarket)

Grantham:You cannot afford to miss this opportunity (BusinessInsider)

Don’t oversimplify (PsyFiTec)

Bollywood gossip of the week (RajeevMasand)