Some stuff I am reading today:
Jet Airways:Living to fight another day (BusinessLine)
Its raining money (FirstPost)
The man who fell to earth (Mint)
Kurie:The doodhwala visionary (BS)
Using DCF to value stocks (SafalNiveshak)
Is India a country of thieves? (CapitalMind)
Soros:The survival of Euro is assured (BusinessInsider)
Short Answer:There are too many unpredictables or “known unknowns” and “unknown unknowns”
This reminds me of another great poem by Cavafy called Nero’s deadline
Nero wasn’t worried at all when he heard
the utterance of the Delphic Oracle:
“Beware the age of seventy-three.”
Plenty of time to enjoy himself still.
He’s thirty. The deadline
the god has given him is quite enough
to cope with future dangers.Now, a little tired, he’ll return to Rome—
but wonderfully tired from that journey
devoted entirely to pleasure:
theatres, garden-parties, stadiums…
evenings in the cities of Achaia…
and, above all, the sensual delight of naked bodies…So much for Nero. And in Spain Galba
secretly musters and drills his army—
Galba, the old man in his seventy-third year.
Some stuff I am reading today morning:
Gold glitters in Sept (Bespoke)
Worst may be over for Ballarpur Industries (Mint)
India rules out ban on sugar exports (Bloomberg)
RBI Watch:Indian perspectives on turmoil in global economy (RBI)
McDonalds wooing of India continues (NYTimes)
803 Years of Inflation (ClimateerInvesting)
World Bank appoints Kaushik Basu as Chief Economist (WSJ)
Short answer:You will be late
A shocking revelation from the WSJ:
When the Institute for Supply Management releases its index of manufacturing activity next week, the headlines from the report will flash to traders at what their eyes tell them is 10:00 am. But unless they are subscribers to a new low-latency feed provided by Thomson Reuters, they’ll actually be getting it late—and depending on how they’re positioned, it could be too late.
In July, the ISM signed a contract with Thomson Reuters to offer a streamlined version, called “low-latency,” of its closely watched business-activity report. It will release the full report to Business Wire, a press release service, at exactly the same time.
Investors with the superfast computers and algorithmic-trading software needed to read and act upon the low-latency line’s digitalized information will inevitably be the first to trade on the news. The advantage these high-tech traders enjoy is measured in just millionths of a second, but it will be more than enough time to beat competitors who instead must rely on news services that generate headlines from the Business Wire release
Some stuff I am reading today morning:
RCom:The nightmare continues (BusinessLine)
RBI Watch:India’s post crisis economic challenges (RBI)
India’s potato prince gets free power (Bloomberg)
Murder spotlights Pakistan’s heroin kingpin (Reuters)
Should investors care about economic growth? (Go2CIO)
John Hussman on moving average crossover strategies (TRB)
The worst housing markets in the world (BusinessInsider)