Categories
Anecdotes

David Koch on how he became wealthy

David Koch is one of the richest men on the planet.

Here is his explanation on how he became so wealthy:

“You might ask: How does David Koch happen to have the wealth to be so generous? Well, let me tell you a story. It all started when I was a little boy. One day, my father gave me an apple. I soon sold it for five dollars and bought two apples and sold them for ten. Then I bought four apples and sold them for twenty. Well, this went on day after day, week after week, month after month, year after year, until my father died and left me three hundred million dollars!”

-from New Yorker

Categories
Links

Linkfest:August 07,2015

Some stuff I am reading today morning:

Govt to divest stake in 5 Companies (Bloomberg)

Top investors pile into Uniply Industries (RJ)

The battle for control of the 500 Crore Ashapura empire (Mumbai Mirror)

Nomura Research:Buy Hero MotoCorp  (MyIris)

Why the ‘100 minus age’ rule doesn’t work (BL)

The 5 best ways to waste money (Scott Fearon)

Where is gold headed? (Daily Reckoning)

Saudi Arabia may go broke (AFR)

How to replicate private equity with leveraged small cap stocks (Alpha Architect)

60 Value Investing Resources (Old School Value)

Categories
CoatTailing

Portfolio of Cartica Capital in India

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

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Cartica Capital is a well known FII which specializes in Emerging Markets

Their significant portfolio holdings as on 30 June,2015 as per stock exchanges is as given below:

Company Name Symbol Entity Date End # of Shares % Value (In Crores)
Eicher Motors Limited EICHERMOT CARTICA CAPITAL LTD 201506 938726 3.46 1888.14
Hexaware Technologies Limited HEXAWARE CARTICA CAPITAL LTD. 201506 10721937 3.56 293.78
Page Industries Limited PAGEIND CARTICA CAPITAL LTD 201506 863650 7.74 1266.75
PI Industries Limited PIIND CARTICA CAPITAL LTD 201506 5294249 3.88 370.60
Shree Cements Limited SHREECEM CARTICA CAPITAL LTD 201506 711326 2.04 778.86
Supreme Industries Limited SUPREMEIND CARTICA CAPITAL LTD 201506 3518856 2.77 220.97
Categories
Tweets

Margin of Safety

Categories
Links

Linkfest:August 06,2015

Some stuff I am reading today morning:

Midcap stocks heading for a crash? (ET)

Why oil prices are falling again (Quartz)

The learnings of JustDial’s Mani (Mint)

HDFC Research:Bharti Airtel’s outlook remains grim (MyIris)

Deciding on asset allocation for a financial goal (FreeFinCal)

4 Ways to beat Investment Stress (VRO)

Top 10 Market Indicators of Economic Development (Bill Bonner)

How to save more (Mulloly)

Guess how to blow $1.5 Billion (Forbes)

For Commodities,it is 2008 all over again (Zero Hedge)