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All is Well
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Linkfest: 18 February, 2019
Some stuff I am reading today morning:
Spiritual Guru siphoned off 8,646 Cr from Religare (BL)
Cognizant used L&T to bribe Govt officials (Mint)
Tata Group: It’s all about TCS (FE)
ADAG lenders not to sell pledged shares (BS)
The Nifty is no longer a play on the Indian economy (Marcellus)
India is turning its back on Silicon Valley (Venture Beat)
What I learnt in 30 years of investing (Broadsword)
The wealth destruction in small & midcaps (Vijay Pahwa)
Getting ahead by being inefficient (Farnam Street)
Rocket Ships (Microcap Club)
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Infibeam : No Comments
#Infibeam
Auditors can’t comment on recoverability of 122 cr advances and 32 cr revenue recognition. Both combined are more than its q revenue reported and 6x profits reported@alphaideas pic.twitter.com/BFaNr5UzDO— Vaibhav Khandelwal (@Vaibhav2091) February 15, 2019
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PNB: Better Late than Never
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The Curse of the Investor
Circa 2008
A group of investors from Ahmedabad come to Mumbai to meet an industrialist
The industrialist is at the peak of his prowess and is the toast of town
The investors tell his staff to inform him: “Hum unke pitaji ke purane mitr the. Hamara relation bees saal se upar hai. Hamein sirf aapke saath chai peena hai”
They get the reply back: “Unke pass time nahin hai. Aap chai apne aap pee lena aur paise hum se le lena”
The Investors curse: “Ek din yeh Investors se chai peene ke liye tarsege aur koi usko khada nahi rakhega”
Karma is a bitch