What was that again?

No management with a credible character would file a criminal case against the authors of a research report. They are trying to show to the market place, and I paraphrase here, ‘The man with the biggest stick gets to take the buffalo home’. They have forgotten that in global capital markets, the intellectual capital of Veritas and other organisations similar to ours is the opinion maker, and the key deciding factor in allocation of capital.India can’t become a superpower by stifling debate. If a company can’t stand up to scrutiny, then it needs new management that can engage and debate.”-said Veritas analyst Neeraj Monga about Indiabulls

Linkfest:August 13, 2012

Some stuff I am reading today morning:

Flight of no return:Kingfisger loss widens (Firstpost)

Drought relief, poll freebies will widen fiscal deficit (ET)

Investing for dividends (ValueInvestorIndia)

Oriental Carbon and Chemicals – Mgmt meet (Dalal-Street)

Explaining Equity Returns (GMO)

5 part IQ test to make you a better investor (MarketWatch)

Chinese bank’s weapons of mass ponzi (FTAlphaville)