Some stuff that I am reading today morning:
Blueprint to build 24 cities (ET)
How the stock market views Narendra Modi (Mint)
These 5 Indian E-Com players can’t stop growing (BI)
Keki Mistry:I don’t think there is a real estate bubble (BS)
Analysts split on India’s economic recovery (WSJ)
Any takers for MTNL? (Gaurav)
Why benchmarking your portfolio is a losing bet (StockMarketLive)
When half right forecasts are deadly (TRB)
Dick Fuld and the agony of defeat (NihonCassandra)
The complete guide to making money in your spare time (Lifehacker)
Detecting accounting fraud in Asia (BeyondProxy)
2 replies on “Linkfest:Sept 16,2013”
“Detecting accounting fraud in Asia” is an excellent article I have ever read on this blog. Indian promoters are smart enough to have a mixture of east & west mal –practices. During the past year I found few cos. which have been writing off there accruals. ….Every company in India is crooked until proved otherwise & gullible investor is not able to do forensic audit; but according to me except the shell /defunct cos. they are getting themselves prepared for the “next financials manipulation cycle!!!”…….After all, the promoter also has a vested interest in the stock price. The ride for him and the investor ought to be over the same time horizons……Remember that company owners and managers with stock have a huge interest in the stock price…..If one has enough skill/judgement to align oneself with them; one could hit jackpots !!!……Ofcourse diversification is a must to offset the losses from disproportionate value traps……..Am I wrong?
Skill/judgement to align with stock price manipulation?