Its not every day that you see a 74 year old Billionaire iconic founder touch the feet of another icon in a mark of respect.
What I learnt from Narayana Murthy:
Whoever exalts himself will be humbled, and whoever humbles himself will be exalted. (Matthew 23:12)
Some stuff I am reading today morning:
Indigo shareholders vote against Gangwal (MC)
Budget may unveil 2 mega Universities (ET)
Govt may remove MDR charges on debit cards (FE)
Rail related stocks in focus (BS)
Bajaj Finance wins hearts of investors (Mint)
Another Budget (Bala)
The over arching problem with the money management industry (Charlie Munger)
Wealth is what you don’t spend (Morgan Housel)
Criminals still love Bitcoin (NYTimes)
The ultimate guide to moving averages (Scott Redler)
Source: Seth Klarman’s Letter to Investors
Source: DRHP Filings of Chandra Bhagat Pharma Ltd
Amusing to see that a co going public has not filed its Income Tax Returns
Strange Coincidence that the issue size is the same as the size of their unsecured loans.
Some stuff I am reading today morning:
Wuhan virus spreads (SCMP)
Income Tax rules on LTCG likely to change (Mint)
How KKR India reached a debt end (OB)
How Nifty will change in the coming decade (Marcellus)
InvIT roadmap for NHAI (Mint)
Reliance wants to use plastics for road construction (Reuters)
Inside Tata Motors’ EV push (Forbes)
Stock Analysis: Fineotex Chemical Ltd (Dr Vijay Malik)
What long term investors can learn from traders (TRB)
Different kinds of easy (Morgan Housel)