‘Indians, defecate everywhere. They defecate, mostly, beside the railway tracks. But they also defecate on the beaches; they defecate on the river banks; they defecate on the streets; they never look for cover.’
V S Naipaul wrote these lines in his book “An Area of Darkness” in 1964
50 years later nothing has changed as the chart below shows
An great clip shared by Nissim which explains the Israeli response.
Some stuff I am reading today morning:
China’s Lehman moment (ET)
Build your property portfolio (BL)
TCS Q1 net profit rises 45% (Mint)
The Rupee’s risky over valuation (Jaimini Bhagwati)
Predators even in school (FirstPost)
How Arbitrage Mutual Funds work (PersonalFin)
The end of Gold Saving Schemes (ApnaPlan)
Why you shouldn’t track your investment returns (Monevator)
A quick lesson on market tops (TRB)
Ride winners & Cut losers.Period (AlphaArchitect)
Source:WSJ
