This post is in continuation of my Infographics Series (see here)
Author: Raoji
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Linkfest:April 09, 2013
Some stuff I am reading today morning:
Pizzas at Rs.44, Burgers at Rs.25 (BusinessLine)
Key stocks where LIC trimmed exposure in Q4 2013 (MoneyControl)
SBI wages war on wilful defaulters (Mint)
Retired bankers in demand as India Inc looks for license (BS)
The financial services distributor and his fate (Subramoney)
HK broker fined for using newspaper columns to pump up stocks (Dealbook)
Make peace with not catching every move (HighChartPatterns)
Trust in Gold not Bernanke (Bloomberg)
Billionaire Mittal in legal spat adds to investor unease (Bloomberg)
Las Vegas Magic Act:Making Russian’s money disappear (Barrons)
This post is in continuation of my What I Learnt from Series (see here)
Amitabh Bachchan is one of India’s greatest film stars and has millions of fans.His financial life has been fairly fascinating and he has gone from being broke to being India’s top taxpayers to being broke and to again being India’s top taxpayers.
What I learnt from him: In a ever populous and growing country like India, it is more beneficial to own property for a long period (25/30 years) instead of flipping it in a short period (2/3 years) for quick gains.
In his blog, he writes about a property in Lonavala (near Mumbai) where the famous hotel Fariyas stands: “Fariyas – the resort built on land where once we had purchased a cottage for Rs 20,000 way back in the 70′s and realizing that it was a waste of time and energy and money to invest in a house here, sold it off at a tremendous profit for a lakh of rupees and thought we had done a great deal. Today this sprawling property would be worth hundreds of crores !! Story of my life !!”
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List of 696 Stocks Below 2008 lows
Data Courtesy MoneyControl
[gview file=”https://alphaideas.in/wp-content/uploads/2013/04/Stocksbelow2008lows.xls”]
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Soros:Scholarships are better than charity
People who have become rich in China show real interest in philanthropy, which I think is very praiseworthy because I think it is appropriate for those who have benefited disproportionately that they should return some of it to those who are less fortunate. I think it will contribute to social harmony. I think the natural instinct is to engage in charity. But that has some negative side effects, because charity can turn the recipients into objects of charity, who become dependent instead of depending on themselves. There are people, like the sick and the old, who need to be taken care of. But particularly in the case of children and young people, it is much more important to enable them to improve themselves, giving them opportunities to learn. Scholarships are better than charity.-said George Soros