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When will we?
Author: Raoji
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What I learnt from Uday Kotak
Uday Kotak is one of the richest men of India and MD of Kotak Mahindra Bank.
I would rate him as one of the shrewdest men in India.
What I learnt from him was three lessons to handle the Corona Virus Pandemic.
Lesson 1: Reduce Costs
Lesson 2: Reduce Risk
Lesson 3: Raise Cash
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Heard on Street
Given the information overload that we deal with on a daily basis, there is always a chance of a half-truth or a distortion making its way to our desks or Inbox. Such messages might even come with the caption – HoS, or Heard on Street.
I am sure all active investors have had to deal with misinformation at some point in time.
Mine was when a friend with many years of professional investing experience suggested buying shares of Chennai Petroleum because Warren Buffett was going to take a stake in the company. It seemed odd that of all investment avenues in the world, Buffett would be interested in a small government-owned oil refinery in India. It turned out he was taking a stake in PetroChina, which, in the investing version of Chinese Whispers got modified to China Petro and then Chennai Petro!
-Salil Desai , Marcellus
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Linkfest: 23 April, 2020
Some stuff I am reading today morning:
US warns Iran (CNBC)
Corona Virus Vaccine expectations getting ahead of science (Mint)
Reliance-Facebook deal is a wakeup call for Amazon, Flipkart (BS)
Tea planters’ cup of woes is running over (Rediff)
The Comedy of Investing (Anand Sridharan)
How to identify if a company is misallocating capital (Dr Vijay Malik)
Gold will do well, but don’t overpay (Katusa)
Stock market rebound not reflecting reality (Howard Marks)
Thoughts on Berkshire’s deployable cash (Rational Walk)
What’s different this time (Morgan Housel)
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The coming WhatsApp Retail Revolution
