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Video

Its 9/11

I was in New York when the planes crashed into WTC.This day changed the world forever.The wars in Afghanistan,Iraq,lowering of the Fed rates,subsequent housing bubble and the current recession can all be traced to that fateful day.

Below is a clip by Jon Stewart on that day.His words “I shall grieve but I shall not despair” resounded with millions of viewers and has made this clip a cult.

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Quotes

What is the point of Rahul Gandhi?

Promoting Mr Gandhi now would in theory make sense for Congress. He has long been presumed the successor-in-waiting to Sonia Gandhi, his mother and the party’s president. He needs time to start showing some skills as a leader before campaigning starts in 2014. And for as long as Mr Gandhi does not rise, it is hard for other relative youngsters to be promoted without appearing to outshine him. That has left Congress looking ever older and more out of touch.

But he has long refused to take on a responsible position, preferring to work on reorganising Congress’s youth wing, and leading regional election efforts, both with generally poor results. The problem is that Mr Gandhi has so far shown no particular aptitude as a politician, nor even sufficient hunger for the job. He is shy, reluctant to speak to journalists, biographers, potential allies or foes, nor even to raise his voice in parliament. Nobody really knows what he is capable of, nor what he wishes to do should he ever attain power and responsibility. The suspicion is growing that Mr Gandhi himself does not know.-from the Economist

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Interview

Value Investing in India with Rahul Saraogi

Seems like there is no dearth of Indians who are Buffett acolytes !!

 

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Links

Linkfest:Sept 11, 2012

Some stuff I am reading today morning:

Heavy FII flows since Jan indicate round tripping (ET)

Coal Scandal hinders New Delhi (WSJ)

Rumors swirl as China’s Xi vanishes (FT)

The growing risk of shorting China stocks (FTAlphaville)

The necessity of a college education (Felix)

Ruane,Cunniff and Goldfarb Investor Day (Sequoia)

India’s Diary King leaves behind a better place (Bloomberg)