Amitabh Parekh of Parekh Aluminex is no more.
Amitabh was a dynamic visionary who started from scratch and took his company to 1370 Crores in revenues (FY2012)
I was one of the investors fortunate to be part of his entrepreneurial journey and was amply rewarded (like countless others) by fantastic returns from Paral.
The most saddening aspect of his demise was that he died very young.He was born on 8 March 1973 and so he died before he turned 40.
Rest in peace, Amitabh Parekh.
Some stuff that I am reading today morning:
Gold is useful because it is useless (FirstPost)
US S&P 500 are back at 5 year high (ET)
India wastes 21 Million tonnes of wheat every year (FE)
Soon , Nifty futures on Osaka exchange (BS)
Govt may broaden scope of Rajiv Gandhi Equity Scheme (Mint)
Of Kingfisher and Mallya’s pot of gold (CapitalMind)
Howard Marks Memo to investors (OakTreeCapital)
Louis Dreyfus says China is manipulating the cotton market (Climateer)
Examining Ben Graham’s record:Skill or luck ? (Greenbackd)
What effect does living frugally play in the success of a trader? (SMB)