Linkfest: 12 September, 2018
Some stuff I am reading today morning:
Supreme Court stays RBI’s Circular for power companies (Mint)
SEBI directs senior NSE officials to ‘stay out of action’ (BS)
Demat compulsory for unlisted public firms (BL)
Is fear creeping into the markets? (BQ)
Note to Parliamentary Committee on Bank NPAs (Raghuram Rajan)
The other Muthoot (Forbes)
Indian Aviation: Sinking (My DigitalFC)
Eveready Industries: Candy Crush (Fortune)
The Guinness IPO of 1886 (Medium)
Inspiring talk by Radhika Gupta, CEO of Edelweiss AMC (You Tube)
Jet Airways: Refund Champion
Book Review: Wealth Creation Thoughts
The Book ‘Wealth Creation Thoughts’ is authored by veteran investor Raamdeo Agrawal .
I thought the Book would be about identifying stocks which can create wealth etc
Instead, the Book turned out to be a collection of sayings/utterances from great investors like Buffett,Munger etc
The sayings often have spelling mistakes and are without attribution to the original source.
The “wealth creation thoughts” are those kind of phrases which sound great but have very little practical application
For instance, sample the following:
“Everyone has the brain power to make money in stocks, but few have the stomach instead”
“The public buys most at the top and least at the bottom”
I would rather you avoid this Book and buy me a Beer instead !


