Eicher Motors crosses market cap of Hero Motocorp. Can it overtake Bajaj too? Or is it now in bubble zone? What a journey for @sidlal
— Anuj Singhal (@_anujsinghal) September 28, 2016
Pre IPO : Bombay Stock Exchange
Bombay Stock Exchange is India’s oldest and fastest Stock Exchange.
It has filed its DRHP for the IPO and is expected to list by March 2017
A very limited quantity of its shares are on offer for sale.
For those interested,please email me at Alpha Ideas
Linkfest: September 28,2016
Some stuff I am reading today morning:
The Deutsche Bank crisis could take the Euro down (Telegraph)
Why India’s time for growth is NOW (McKinsey)
Infosys screws former CFO (Mint)
RCap shareholders should thank the ‘Anmol Effect’ (BL)
Buying property thru auction (FE)
Stock Talk:Tech Mahindra (Forbes)
Under GST,monthly returns will be mandatory (ET)
Citi India to reduce branches (Bloomberg)
SEBI Vs MF Distributors (Mint)
Who knows?Not Me (Tony Isola)
Are you a Warren Buffett phoney?
Buffett has often said, “I could improve your ultimate financial welfare by giving you a ticket with only twenty slots in it so that you had twenty punches – representing all the investments that you got to make in a lifetime. And once you’d punched through the card, you couldn’t make any more investments at all. Under those rules, you’d really think carefully about what you did, and you’d be forced to load up on what you’d really thought about. So you’d do so much better.”
We are in a Big Fat Ugly Bubble
Now, look, we have the worst revival of an economy since the Great Depression. And believe me: We’re in a bubble right now. And the only thing that looks good is the stock market, but if you raise interest rates even a little bit, that’s going to come crashing down.
We are in a big, fat, ugly bubble. And we better be awfully careful. And we have a Fed that’s doing political things. This Janet Yellen of the Fed. The Fed is doing political — by keeping the interest rates at this level. And believe me: The day Obama goes off, and he leaves, and goes out to the golf course for the rest of his life to play golf, when they raise interest rates, you’re going to see some very bad things happen, because the Fed is not doing their job. The Fed is being more political than Secretary Clinton-said Donald Trump in the first Presidential Debate