Categories
Quotes

Dr.Ambedkar on Gandhi and Jinnah

I can give only my impressions of them, for what they are worth. The first thing that strikes me is that it would be difficult to find two persons who would rival them for their colossal egotism, to whom personal ascendancy is everything and the cause of the country a mere counter on the table. They have made Indian politics a matter of personal feud. Consequences have no terror for them ; indeed they do not occur to them until they happen. When they do happen they either forget the cause, or if they remember it, they overlook it with a complacency which saves them from any remorse. They choose to stand on a pedestal of splendid isolation. They wall themselves off from their equals. They prefer to open themselves to their inferiors. They are very unhappy at and impatient of criticism, but are very happy to be fawned upon by flunkeys. Both have developed a wonderful stagecraft and arrange things in such a way that they are always in the limelight wherever they go. Each of course claims to be supreme. If supremacy was their only claim, it would be a small wonder. In addition to supremacy each claims infallibility for himself. Pius IX during whose sacred regime as Pope the issue of infallibility was raging said— ” Before I was Pope I believed in Papal infallibility, now I feel it.” This is exactly the attitude of the two leaders whom Providence—may I say in his unguarded moments—has appointed to lead us.-from AmbedkarQuotes

Categories
Anecdotes Realty

Priceless advice on Real Estate

On my travels,I  met a property developer from Karnal,Haryana.

He gave me some priceless advice in Punjabi on Real Estate:

“Barah saal mein roni property bhi soni ho jaandi hai”

i.e “In 12 years, even a horrible property will become lovely”

Categories
Video

Are Indian Markets Overheated?

Categories
Links

Linkfest: 01 May,2014

Some stuff I am reading today morning:

The coal scam just got deeper (Mint)

Realty stocks crack under political pressure (BS)

The team behind Brand Modi (ET)

How the banking system lost 600,000 Crores because of high real estate prices (FirstBiz)

The negatives of the Reliance My Gold plan (CapitalMind)

Why its hard for managed funds to beat the indexers (Wharton)

How Google can steal Facebook’s candy (Bloomberg)

Wall Street’s most Bankerish Banker (NYMag)

Top 100 Money Quotes of all time (Forbes)

Modi’s selfie gets him the first FIR of his life (NitiCentral)

Categories
Anecdotes

A lesson for Equity Analysts

“I particularly remember the time I gave (the research director) my paper on the banking industry. I felt very proud of my work. However, he read through it and said, ‘This is useless. What makes the stock go up and down?’ That comment acted as a spur. Thereafter, I focused my analysis on seeking to identify the factors that were strongly correlated to a stock’s price movement as opposed to looking at all the fundamentals. Frankly, even today, many analysts still don’t know what makes their particular stocks go up and down.”- said Stanley Druckenmiller