Categories
Anecdotes

Why never buy a Tata Company

I remember being asked after I had completed a valuation of Tata Motors a few years ago whether I would buy its stock and shocking my audience by saying that I would never buy a Tata company for my portfolio.

When pushed for my rationale, I said that buying a family group company is like getting married and having your entire set of in-laws move into the bedroom with you;

in investment terms, if I invest in Tata Motors, I will (unwillingly) also be investing in many other Tata Group companies, because about 30-40% of the value of Tata Motors comes from its holdings in other Tata companies.

–wrote Aswath Damodaran,Professor of Finance,New York University

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GuestPost

Gordon: Investing with the Odds

We have a special treat today. Gordon DSouza has shared his deck presented at the IIF Meet in Mumbai

Disclaimer:The stocks discussed here are only for informational purposes and not a recommendation to buy/hold/sell.Kindly consult your investment advisor before investing.

[gview file=”https://alphaideas.in/wp-content/uploads/2016/11/DOC-20161120-WA0014.pdf”]

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Cartoon

Acche Din

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Categories
Links

Linkfest: November 21,2016

Some stuff I am reading today morning:

Research:GDP growth will decelerate to 3.5% (Ambit)

Demonetisation is like a speeding car hitting a wall (Kenneth Andrade)

FPI outflows hit $3 Billion in Nov (BL)

Promoter share pledges continue to remain high (Mint)

Peer-Peer Lending Options in India (Be Money Aware)

The Emerging Markets’ Dollar Problem (Bloomberg)

Income Tax Department tightens the screws (FE)

Sustainable sources of competitive advantage (Morgan Housel)

Tatas as a cautionary tale (Aswath Damodaran)

A lesson from the market’s over reaction (PragCap)

Categories
Links

Weekend Mega Linkfest: November 18,2016

Some off beat reads for the weekend:

Why Modi has already won the demonetization gamble (Manu Joseph)

Being Cyrus Mistry (Ashwin Sanghi)

How Trump took Middle America (Guardian)

China’s great leap backward (Atlantic)

Rodrigo Duterte’s bloody war on drugs (New Yorker)

With the Kurdish Peshmerga on the road to Mosul (NYTimes)

More people die in India taking selfies than anywhere else (WP)

Why Catholic Churches have secret astronomical features (Longreads)

Sanjan Day-The Day Parsis escaped Islamists (MyInd)

Obituary:Lt.General S K Sinha (IE)

Travelogue:Dalmatian Coast,Croatia (TeamBHP)

Gossip: Brinda Karat next CPI (M) Chief (Gossip Guru)

On the Kohinoor Diamond (William Dalrymple)

6 Signs to recognize a Psychopath (Curejoy)

7 YouTube stars who became millionaires (YS)