–said Dan Loeb at the SALT Conference,Las Vegas
–said Dan Loeb at the SALT Conference,Las Vegas
Author: Raoji
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What to do?
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Linkfest: May 07,2015
Some stuff I am reading today morning:
Is the party over for Indian markets? (Mint)
On day of carnage,Pabrai buys (RJ)
Demystifying FII selling in Indian stocks (Capital Mind)
Should you chase ‘value’ or ‘quality’ in Indian Stock Market (DNA)
Retail investors are losing money on Company Fixed Deposits (ET)
Angel Broking Research Report:South Indian Bank (MyIris)
Valuation as a scorecard (A VC)
An unique Insider Trading signal that generates alpha (Alpha Architect)
Bernanke Inc: Lucrative life of a former FED Chairman (Bloomberg)
India’s Prime Minister is a Social Media #Superstar (WSJ)
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Why Jim Rogers hates India
“As usual, we attracted a crowd.A local man walked up behind my fiancee Paige and put his hand on her bottom.She spun around, and there he stood,making no attempt to disassociate himself from the offense,assuming,it seemed, that he had every right to do what he had done.
To appreciate what happened next,one must remember that in India women are the lowest of the low.To call them second class does not come close.They are treated more as property than as human beings.Out in the villages,just to take one example,women are not allowed to leave their homes without the permission of their fathers or husbands.
Paige turned on this particular man,grabbed him by the shirtfront,and started smacking him.She hit him three times.Startled and clearly horrified,he scurried off as soon as he could extricate himself.It was probably the most humiliating thing that could ever happen to the man,being beaten by a woman in public,in front of all the men and women of the village.”-wrote Jim Rogers in his book,Adventure Capitalist
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Nilesh Shah: Things have started moving…
- I met a road contractor. He bided for the NHAI project on e-tender basis and got the LOA (letter of approval) in three hours on email. In previous era, it used to take six months. The government is planning to spend four times more than last year for building roads. It will be fair to say that ‘acche din’ (good days) are coming for the road sector.
- I met an iron ore miner. As you are aware, many iron ore mines are closed due to court orders. India had to import iron ore in last few years to run its steel plants. Iron Ore mining is likely to begin in Odisha in near future boosting domestic production by more than 20%. Many coal mines will also become operational post auctions to sustain mining boom.
- I met a Railway contractor. He mentioned that railway orders have started flowing with transparency in tendering. As the rules of games are changing there is a little bit of turmoil as old business models are giving way for new and better business models.
- I met a power equipment supplier who mentioned that there is a hope for future as PSUs have started giving orders.-wrote Nilesh Shah, MD Kotak Asset Management