ZF steering a leading auto anc co reported Balance Sheet along with results. And reported a negative cash balance of 6.3cr! How can cash be negative? Either u have cash or you don't have! Wake up Auditor! @suchetadalal @safiranand @porinju @IKSmallcaps @safalniveshak pic.twitter.com/wphpL0BDEN
— PM (@moneyminting) October 26, 2018
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
