Author: Raoji
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Linkfest:Dec 12, 2012
Some stuff that I am reading today morning:
Slowdown- but who cares? (BusinessLine)
India issues formal order on drug pricing (WSJ)
India’s real estate developers predict new boom (IndiaInk)
Maruti issues grim outlook for auto industry (Mint)
Will MTNL’s turnaround plan work? (BS)
RahulG came, he saw,he spoke and we all laughed (Mediacrooks)
Online stores in India offering big discounts today (12/12/12) (Labnol)
Obituary:Saul Steiberg,Icon of the corporate takeover (NYTimes)
Should you secular market time? (RickFerri)
Markets ruined by too much, too little liquidity (Dealbreaker)
Eric Rosenfeld was one of the founders/Principals of the famous hedge fund LTCM
LTCM started in 1994 with around a Billion $ in assets.It had a spectacularly good run for a couple of years before blowing up in 1998.
Like other founders, Eric kept reinvesting in the fund only to see his fortune disappear as the fund blew up.
Many years later, he gave a mind blowing seminar to MIT students narrating his experiences.
One of the students asked him “Did you put everything into LTCM?”
He replied back “Have you been talking to my wife?”
Categories
Linkfest:Dec 11, 2012
Some stuff that I am reading today morning:
Can India still be a breakout nation? (RuchirSharma)
Festive season fails to resuscitate sluggish Mumbai property sales (FE)
Reform push continues with bank Bill (Mint)
What is behind Gujarat’s agricultural miracle? (BS)
Etihad set to buy 48% stake in Kingfisher Airlines (MumbaiMirror)
Cheated by relatives (Subramoney)
Debate: Is Mahatma Gandhi National Rural Employment Guarantee Act working? (IdeasforIndia)
US Intelligence agencies see a different world in 2030 (Bloomberg)
The silly season begins (TRB)
13 insights from Paul Tudor Jones (Ivanhoff)
Hong and Sraer’s explanation of the low vol anomaly (Falkenblog)