Some stuff I am reading today morning:
Ruias offer to clear Essar Steel debts (BS)
Interview with Sunil Singhania (MC)
Interview with Saurabh Mukherjea (ET)
NBFC cash crunch rattles realty sector (FC)
Ujjivan, Equitas get RBI directive (BQ)
JBM Group’s Electric Buses (Fortune)
Higher Highs, Lower Lows (Irrelevant Investor)
Our investment principles (BPS and Pieces)
Engaging in Crypto Networks (A VC)
Thoughts & Reflections on 30 years in Fund Management (RWC)
Hat Tip: Kunal Shah
Source: Money Control
Sunil Singhania : I like companies where the promoter’s wife and daughters are also directors.
Q: Okay, tell me why?
Sunil Singhania : Because logically a promoter who does not have good intentions would not like the wife and daughters to be in problem.
A girl asked PM Modi, "When I do something for society, people ask me why I do so when I pay my taxes. What should I tell them?"
He gave a detailed answer but the best thing he said was —
"Tax dena prakruti hai. Tax na dena vikruti hai. Isse jyada kuch karna sanskruti hai."— Vinayak Jain (@vinayak_jain) October 24, 2018
Today the MCX stock has crashed by 14%
Source: Exchange Filings of Multi Commodity Exchange of India Ltd
Some stuff I am reading today morning:
Wall Street carnage spreads (CNBC)
Kotak Bank suspends 811 (MC)
SEBI to tighten vigil on bond market (FC)
Amrapali siphoned off home buyers money (ET)
RBI’s forex burn (BQ)
Reliance Jio’s Entertainment play (Mint)
Startup: Instamojo (Forbes)
Humble Exits (Morgan Housel)
How to stay in the game (Common Sense)
7 goals to hit by 45 (Retire By 40)