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Author: Raoji
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Keeping in the loop
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Linkfest:September 16,2015
Some stuff I am reading today morning:
Why there are no “Sell” recommendations in India (WSJ)
FPI’s reluctance to sell debt proves India’s haven status (BL)
Indian stocks beckon patient investors (Barrons)
Existence of public sector banks under threat (ET)
Real Estate brokers attack the offices of Nobroker.com (Mint)
Nomura Research:Buy NTPC (MyIris)
ETF or Mutual Fund (Prashant)
The truth about gold bugs (Fund Reference)
Negative momentum weighs on all asset classes (Capital Spectator)
Some things most investors simply cannot accept (Common Sense)
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No great bargains
"One thing I’m sure of is,by the time knife has stopped falling,dust has settled & uncertainty resolved, there’ll be no great bargains left"
— Ashish Chugh (@hiddengemsindia) January 8, 2015
In the Soviet era communist regimes,there was a joke which went like this:
Don’t think.
If you think, don’t speak
If you think and speak,don’t write
If you think and speak and write,don’t sign
If you think and speak and write and sign,don’t be surprised
Nitin Mangal of Veritas was arrested for writing a negative report against India Bulls.Wall Street Journal has written a brilliant article on this.What I found most interesting in the article was Ambit’s Saurabh Mukerjea’s take:
Some of the issues highlighted in Veritas’s criticisms were “plainly obvious,” said Saurabh Mukherjea, head of institutional equities at the Mumbai-based Ambit Group, in an interview. “The problem is that Veritas went out with guns blazing,” which isn’t done in India, he said, because you could “end up in a police station late at night and never see the light of day.”
Instead of putting his controversial opinions in writing, Mr. Mukherjea said he generally tells his clients verbally “where the skeletons lie.”