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India=Consistent
Author: Raoji
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Forecasting Folly:CLSA Edition
Hat Tip: Aniruddha Jain
Around 5 months back,CLSA came out with a “Sell” recommendation on Biocon which led to a very public Twitter fight between the Biocon CEO and an analyst.
Biocon was trading around Rs.534 when CLSA issued the Sell Recommendation.
Its trading around Rs.723 today,up by almost 35% in the space of 5 months.
Forecasting Folly,anyone?
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How the Chinese handle poor bank performers
The video below shows the staff of a Chinese Bank publicly spanked for poor performance.
Maybe we should take a leaf out of the Chinese…
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Linkfest: June 22,2016
Some stuff I am reading today morning:
Bookies see Brexit rejected (Bloomberg)
Max Ventures to list today (BL)
Textile stocks on fire (RJ)
Apple may open retail stores in India (NYTimes)
Interview with Charles Akre,CIO,Akre Capital (VRO)
Buffett: Going out on top (II)
12 things I’ve learned from Elon Musk about investing (25IQ)
Follow a good spending ratio (Financial Samurai)
Buy real estate as young as you possibly can (Financial Samurai)
Another crazy move from the FED (DR)
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The Arrogant Investor
In investing,whenever you act,you are effectively saying,
“I know more than the market.I am going to buy when everyone else is selling.I am going to sell when everyone else is buying.”
That is arrogant.
-Seth Klarman