Categories
Links

Linkfest: August 29, 2017

Some stuff I am reading today morning:

NTPC OFS opens today (BL)

North Korea fires ballistic missile over Japan (ZeroHedge)

10 Mutual Fund Managers who created most wealth (ET)

The precarious state of Indian household finances (Mint)

World’s first diamond futures exchange starts trading in India (Bloomberg)

Founder promoters may participate in Infy buyback (Quint)

Why we sold our NSE membership (Subramoney)

Day Trading in VIX (NYTimes)

Is your risk tolerance too high? (RetireBy40)

Why I sold my rental home (Financial Samurai)

Categories
BookReview

Book Review: Tibet & the Tibetan People’s Struggle

This is an unusual book review for me as usually my reviews cover books on finance, investing or business biographies.

This book was gifted to me by the good folks at Shanti Stupa, Ladakh and hence I feel a bit obligated to write about it.

Many Indians do not know anything about Tibet or about the struggle of the Tibetan people.

Tibet was more or less independent when China “liberated” Tibet in 1950.With brute force, they suppressed the Tibetan people.

On 10 March,1959, the Tibetan people rose in revolt.The Chinese crushed this revolt mercilessly and many lost their lives.

Since then, 10 March is commemorated by the Tibetans as ‘National Uprising Day’

The Book is a collection of speeches made by His Holiness the Dalai Lama on 10 March every year for a period of 40 years from 1961-2011

The speeches more or less fit a pattern:

  • Remembrance of those martyred on that fateful day
  • Highlighting the changes in the  international arena
  • Illuminating on the oppression,injustices and cultural genocide faced by the Tibetans
  • Appealing to the Chinese for talks
  • Thanking Indians and the India Govt for their support and assistance
  • Ending with a prayer for peace , truth and justice

As you start reading the letters, it feels like you have gone back in time when Mao was ruling China

As you come to the present, you realize how little China and their Han Nationalism attitude towards Tibet and even India has changed over the years.

You also appreciate how difficult it is to wage a non-violent struggle for freedom from an authoritarian power…it takes decades and decades before one can succeed.

As such,I feel lucky to live in a free India and thank our freedom fighters who made it possible.

Categories
Excerpts

When was the last time a Chairman Apologized?

Hat Tip: Diveshbhai

Source: Speech of Chairman of Atul Ltd

Categories
CoatTailing

Top 5 Holdings of Govt of Singapore in India

This post is in continuation of my coat tailing series (see here)

To know what other top investors are  buying/holding/selling in India, subscribe to our Investor Wisdom Newsletter

Govt of Singapore is one of the largest investors in the Indian Equity markets.

It’s top 5 Holdings as on 30 June,2017 as per stock exchanges is as given below:

Company Name NSE Symbol/BSE Code Entity Value (In Crores)
HDFC Bank Limited HDFCBANK Government of Singapore 5058.67
Housing Development Finance Corporation Limited HDFC GOVERNMENT OF SINGAPORE 4887.54
ITC Limited ITC Government of Singapore 4484.09
Infosys Limited INFY GOVERNMENT OF SINGAPORE 4431.23
ICICI Bank Limited ICICIBANK GOVERNMENT OF SINGAPORE 2633.52

 

Categories
Links

Linkfest: August 28, 2017

Some stuff I am reading today morning:

2000 Crores of IPOs in September (Mint)

FPI’s pull $2 Billion out of equities in August (ET)

India’s Big Bad Banks Idea (Bloomberg)

Investors are rushing into MF Equity (BL)

Over analyzing is dangerous (Subramoney)

Latest Investor Letter from Saber Capital (Saber)

Testing profitability of trading rules (Alpha Architect)

Why I hate auto loans (RetireBy40)

Stop frugality from leading to lifestyle deflation (FS)

9 things you should pay top $ for (Art of Manliness)