True Story:
PSU CFO: Our stock has huge value. No one knows how much land we own.So how much is it really?
CFO: Even I don't know.
— Samir Arora (@Iamsamirarora) July 14, 2017
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Linkfest: July 14, 2017
Some stuff I am reading today morning:
Are valuations justified for record breaking markets? (Mint)
UTI MF will launch IPO by March 2018 (Money Control)
HDFC Life may call off merger with Max Life (ET)
Investors in race for Dredging Corporation stake (FE)
How Airtel and Idea will benefit from Jio’s new plans (BS)
Company Profile: CGH Earth (OB)
The logic of patience (Rohit Chauhan)
Why are HFTs not thriving? (Bloomberg)
Amazon is a creation of Bubble Finance (DR)
Does this ad mark the market top? (Bronte Capital)
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When Investing is an Adventure
And lastly, I want to share as I turned 50 in July, I have been thinking of how to infuse more adventure in our lives.
I recently went on a high attitude trek in the Himalayas. We crossed Rupin Pass at a height of 15,300 feet. We had started climbing from 5,200 feet and it was an exhilarating experience.
I am now trying to infuse a sense of adventure in our organization too by sending people to white water rafting or some treks.
A sense of adventure brings excitement, happiness and team work as well as increased risk taking ability.
Thank you ladies and gentlemen for coming along with me on this adventurous journey of Vardhman Special Steels Limited.
Whether you will make money or not, time will tell, I can only assure you that you will have quite an adventure with me.
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When your Auditors are Jokers
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