Some stuff I am reading today morning:
The tough life of Anil Ambani (ET)
The rise & fall of Gupta Brothers (NY Times)
GVK’s debt restructuring plans (Mint)
Full Statement of US Treasury Department (CNBC)
Company Analysis: Bharti Infratel (Dhruva Pandey)
10x in 10 years (Life & Equities)
Retirement Plan Review (Subramoney)
Investing ideas that changed my life (Morgan Housel)
You have to be in the game (Odd Ball Stocks)
The biggest benefits of a stock market meltdown (Financial Samurai)
Here are the most clicked items on Alpha Ideas this week:
Vijay Kedia : Why people fail at investing (AI)
HSIL: Maja Ni Life (AI)
Shyam Sekhar on Cera (AI)
Singh is King (AI)
2018: A historically bad year (AI)
Investing in the days of Kalyug (Bala)
It’s tough to be a wealth adviser (Aveek Mitra)
Deccan Healthcare: Learn tax from us (AI)
Mega Trend: India QSR (AI)
Buying advice from Walter Scholss (AI)
Some off beat reads for the weekend:
How Google is spying on us (Guardian)
Open Letter to Barkha Dutt (Abhijit Iyer-Mitra)
Rahul Gandhi, the Economic Saboteur (Jaggi)
Iraq’s post-ISIS campaign of revenge (New Yorker)
How UAE is profiting from the Yemen war (Guardian)
Assad wins in Syria (Time)
How CTrip is changing global tourism (SCMP)
Bureaucrats under scanner (Gossip Guru)
Mir Sultan Khan: The unsung chess genius (Madras Courier)
The best time to wake up (Daily O)
Tech is killing Street Food (Atlantic)
The untold story of Kashmiri Pheran (Outlook)
1919: A Portrait (Open)
Priya Varrier’s wink (Mint)
Obituary: Chennai’s Rs. 5 Doctor (BI)
Astounding to see China’s share in global steel production
Source: Annual Report 2017-18 of Maithan Alloys Ltd
“As evidenced by this investigation, the threats we face have never been more pervasive or more potentially damaging to our national security. And no country poses a broader, more severe, and long-term threat to our nation’s economy and cyber infrastructure than China.
China’s goal, simply put, is to replace the U.S. as the world’s leading superpower—and they’re breaking the law to get there. They’re using an expanding set of non-traditional and illegal methods. And Chinese state-sponsored actors are the most active perpetrators of economic espionage against us.
In short, they seek to strengthen themselves and weaken the United States. And while we welcome fair competition, we cannot and will not tolerate illegal hacking, stealing, and cheating.
This is conduct that hurts American businesses, American jobs, and American consumers. The Chinese government’s not pulling any punches. They want what we have so they can get the upper hand on us. And they’re highly strategic in their approach—they’re playing the long game.”