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Author: Raoji
Its my wife’s bday and dedicating this classic to her.
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Linkfest:Aug 29,2013
Some stuff that I am reading today morning:
Rupee posts biggest one day fall in 20 years (Mint)
The difference between Narasimha Rao and Manmohan Singh (ET)
Why Chidu’s 10 point plan will be a flop (Firstpost)
B-schools, reinvent yourselves (BL)
Michael Mauboussin on crowded trades (TRB)
Isaac Asimov’s 1964 predictions for 2014 (Climateer)
Bill Ackman loses about 410 Million $ on JC Penney (Bloomberg)
3 Fallout predictions from the Syrian Civil War (DailyReckoning)
Gold back in bull market territory (WSJ)
Its Rahul Gandhi Vs The Congress (Rediff)
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Advantage of a falling Rupee
The way the rupee is falling, ISI is finding that the cost of printing exceeds the value and may stop counterfeit note printing
— R. Balakrishnan (@BalakrishnanR) August 28, 2013
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Are business leaders like Shudras?
“The Lok Sabha has just cleared the most destructive piece of legislation in India’s history so far. The occasion affords another opportunity to look at the timeless nature of the class system in India. Technically, the trading community is a member of the third varna. In Shah Jahan’s time, as now, they were despised. In that age, they were left alone; In the democracy that prevails today their status, politically, is worse and is no better than that of shudras. In the run-up to the vote on the food Bill, one business leader after another appealed to the powers that be to defer the Bill. To no avail. Their voice carries no weight in matters of state.”-from Mint