Some stuff I am reading today morning:
How Birla convinced Biyani to sell Pantaloon (ET)
Vijay Mallya:Habitually broke? (SuchetaDalal)
The fall of Niranjan Hiranandani? (Open)
Praful Patel and the fall of Air India (Caravan)
How to lose 1 Billion $ in 46 minutes (WSJ)
Chinese agents plotting to kill me:Dalai Lama (DNA)
36 Hours in Hyderabad (Nytimes)
“Equity markets should not occupy more than 20-30% of your liquid net worth because in the long run equities will not give much returns and it’s better to have a time horizon of two years, and no more, in this game.”-Shankar Sharma, CEO of brokerage First Global in an interview
“I am not watching the audience, I am watching my game, not playing for the gallery.I am very interested and very aggressive to acquire land, but aggression can’t be jumping off the cliff, it has to be backed with caution and preparation. After I jump I want to land on my feet not on my head.”-Vikas Oberoi, Promoter of Oberoi Realty said in an interview to Bloomberg
“Right now,the crucial question over the next decade is not where my returns be highest, but where will I lose the least money”-Marc Faber mentioned in an interview
In fact, in my entire career, I have not seen retail participation being so badly reduced in terms of their equity exposure and their sentiment. I think they have been completely washed out.-Nirmal Jain,Promoter of IIFL said in an interview