Just finished attending @AxisBank results call. Only community more spineless than business media is the analyst community. Not a single question on accountability of mgt for the huge Rs 21.9 bn loss. Fortunately, none of them said the usual "congrats for excellent results"
— Hemindra Hazari (@HemindraHazari) April 26, 2018
Category: Tweets
Liquidation Vs Liquidity
Companies ~ liquidation
Promoters ~ liquidUntil there is compulsory forensic audit of all NCLT cases, this corporate saga will continue.
— Harsh Goenka (@hvgoenka) April 26, 2018
Selfie Investors
A new variety of investor species getting created: SELFIE investors
They pose selfies with seasoned investors and become baba saying: when I met ABC, we discussed XYZ
— Nakul (@nakul_sarda) April 26, 2018
Only New Fools
Caustic soda
Soda ash
PAN
Pigments
Petchem based commodities.No amount of make up can make them look good for too long.
Same old Lessons waiting to be learnt for the umpteenth time.
No greater fools. Only newer ones.
— Shyam Sekhar (@shyamsek) April 25, 2018
Charlie Munger, and I …. In buying a $34 billion business like Burlington Northern , we have never talked about the day's news or what's going,. We're looking at where the business is going to be 10 years from now because we're going to own it then. That's where it counts.
— Bond Lady (@wideclops) April 18, 2018