Book Review:Whatever the odds

This post is in continuation of my Book Review series (see here)

I love reading business biographies as it gives a great insight into how businesses operate.

This book “Whatever the odds” is written by KP Singh, the Chairman of DLF.

The author gives a candid account of his personal life and loves but shies away from revealing the “trade secrets” of his business dealings.After the Robert Vadra expose, one can understand why.

Yet if one reads between the lines, one gets the sense of how business is done in India.The influence of politics and politicians to make/mar business fortunes is chronicled well.

I also liked the way KP Singh handled some tough situations-from getting out of the Army, to evicting a difficult tenant, handling farmer’s egos etc

There is a beautiful verse in the book which HD Shourie told KP Singh when his fortunes were at the nadir and he was fighting for his survival:

Kunde Mukhalif se na ghabarye eh akab


Yeh to aata hai tujhe uncha uthane ke liye


O Eagle, do not get scared by the gutsy storm coming from the opposite side


It is coming only to lift you higher


I would recommend this book to readers jinko samajne ke liye ishaara hi kaafi hai !!

Site Review:Fundoo Professor

This post is in continuation of my site review series (see here).

Fundoo Professor is a blog written by well known investor Sanjay Bakshi

Sanjay teaches at MDI Gurgaon , which probably explains the name of his blog.

Sanjay is committed to the Munger/Buffett investing school and the blog reflects that.

Some of his posts are excellent and worth rereading again and again.Some of the posts that fall into that category are Vantage Point,Flirting with Floats etc

He has simplified his style of writing-using folksy humor,pictures etc.Sometimes he discusses his stock picks.For example, he is a big believer in Ajay Piramal and Piramal Enterprises.

Would recommend this blog to readers who have a value investing bent of mind.

Check it out for yourself !!

Weekend Mega Linkfest:Nov 17,2012

Some interesting off beat reads for the weekend:

Car Parking costs a crore in Mumbai (TeamBHP)

Ram was a bad husband, so ? (IndrajitHazra)

The rise and fall of Subex founder Subash Menon (ForbesIndia)

Once a militant, always an outsider (Tehelka)

Netanyahu’s gambit (NewYorker)

When the nerds go marching in (Atlantic)

Mitt Romney still hates 47% of America (NYMag)

Murder in East Hampton (VanityFair)

Hispanics and US national politics (ForeignAffairs)

The time bomb at the heart of Europe (Economist)

Refiguring Jinnah (NadeemParacha)

Nikola Tesla the Eugenicist (Smithsonian)

The true crime chronicles (JaiArjun)

Latin America’s adaptive gangsters (ProjectSyndicate)

Last champions of the Third Reich (SBNation)

The Americans are crazy: Dance Dance Revolution (GQ)

The curious case of the Sherlock pilgrims (Prospect)

Travelogue:Bhutan (TeamBHP)

Movie Review:Jab Tak Hai Jaan (VigilIdiot)

Spoof:Motorcycle diaries of Robert Vadra (UnrealTimes)

Portfolio of Dilipkumar Lakhi

In an earlier post, I had mentioned about renowned investor Dilipkumar Lakhi.

His current portfolio (as from stock exchange sites) is as follows:

Company Name # of Shares %
Bank of Raj 1613322 1.5
Hind Hardy Spicer 21754 1.45
Aro Granite 808928 7.93
Saboo Sodium Chloro 265808 2.06
Accentia Tech. 155990 1.07
Dhanlakshmi Bank 2446740 2.87
Tata Coffee 264348 1.42
PNB Gilts 1667436 1.24
Tata Motors – DVR 1028993 1.6

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