Some experts say: No one should buy financials. Financials are leveraged etc. etc etc.
Warren Buffett buys US$ 4 billion in JP Morgan and it is now his 3rd biggest investment after Apple and Bank of America.— Samir Arora (@Iamsamirarora) November 15, 2018
Some stuff I am reading today morning:
Zee stake sale move has market confused (Digital FC)
GVK’s deleveraging plans (Mint)
10.25% JM Financial NCD issue (My Investment Ideas)
Malted Milk Drinks in India (BQ)
Stock Analysis: Globus Spirits (Dr Vijay Malik)
Company Profile: Sadhana Nitro (MC)
Why global funds are again warming up to India (BS)
How Sanjay Lalbhai invests his money (OB)
12 Investment Contradictions (Joe Wiggins)
Things you will see in every market correction (Ben Carlson)
Hat Tip: Bhavik Mehta
Amusing to see the Exchange Filings of Sand Plast India
But Yusuff Ali’s big break came through in 1990 amid the Gulf War.
As many packed their bags to leave the emirate, Ali decided to invest and open a “big hypermarket” in Abu Dhabi, a move that caught the attention of Sheikh Zayed, the ruler there.
“He asked me, how do you have the energy when everybody is abandoning the country,” Ali says. “I told him we are here to stay and that I learnt my business in Abu Dhabi and was not willing to run away from the problem.”
An impressed Zayed called his son, the current ruler, and told him to take care of Ali.
“That relationship continues to this date,” Ali says. “They treat me like family. Even when PM Narendra Modi was visiting, I was seated with the royal family. They treat me like their own.”