Author: Raoji

Categories
Sellside Research

DLF and Macquarie

Way back in August,I had blogged about the nonsensical research reports put out by brokerages.

One of them was a Buy Call on DLF by Macquarie with a price target of 250.Subsequently, the Robert Vadra scam has burst and the company is in the news for all the wrong reasons.

At that time, I had written

Can DLF hit 250 in the short term?Sure, in the Indian stock markets, anything is possible.But is it the kind of stock that one expects a reputed brokerage house to recommend for “investing”?Hell, no !!

 

 

Categories
Interview Video

Gross:Investors prefer stability as they get older

Categories
Links

Linkfest:Oct 25, 2012

Some stuff I am reading today morning:

Comedian Jaspal Bhatti dies in road accident (TOI)

Why we splurge doing festive seasons (FirstPost)

Is Shibulal Infosys’s boldest CEO ever? (Mint)

Will a real estate empire suffer from Vadragate? (BS)

The young are getting away from agriculture (AjayShah)

Hidden Vietnam billionaire parlays noodles into property (Bloomberg)

Warren Buffett on Squawk Box  (MyInvestingNotebook)

Jim Rogers:Gold is going down (BusinessInsider)

Seasonally affective investing disorder (Psyfitec)

25 Best Blogs 2012 (Techland)

Categories
Gold Quotes

Two Contradictory Thoughts on Gold

Two great contradictory thoughts on gold from Satyajit Das’s article in ET

 “Gold is money. Everything else is credit.”-JPMorgan’s words to Congress in 1912

 

“A 15th-century gold bug who’d stored all his wealth in bullion, bequeathed it to his children and required them to do the same would be more than a little miffed when gazing down from his celestial place of rest to see the real wealth of his lineage decline by nearly 90% over the next 500 years.”-Dylan Grice of Societe Generale

Categories
Links

Linkfest:Oct 24,2012

Some stuff I am reading today morning:

CBI raids IRB’s chief’s aide in murder probe (IndianExpress)

Saudi Arabia uses India to balance Pakistan (WSJ)

Hero Moto Corp shifts to reverse gear (Mint)

Rain Commodities’ rise from a troubled legacy (BS)

Heritage Food is flying high (Gaurav)

Return of the golden age (ET)

Apple unwraps mini iPad (Reuters)

Where did all the finance bloggers go? (TRB)

The geopolitics of computer trading (FTAlphaville)

What do we know when insiders don’t trade (Climateer)