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Cartoon:Brexit
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Linkfest: June 23,2016
Some stuff I am reading today morning:
Londoners cash their pounds ahead of Brexit (Zero Hedge)
Rajan-The exit that was inevitable (S Gurumurthy)
Stage set for India’s largest spectrum auction (Mint)
5 Questions about Subex (Gaurav)
Dividends you can trust (VRO)
GST Bill should just be the start (Bloomberg)
Basic financial mistake (Subramoney)
2 deadly wealth management assumptions (TRB)
Unquantifiable Risk (Common Sense)
Why some make forecasts (Stockcharts)
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India=Consistent
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Forecasting Folly:CLSA Edition
Hat Tip: Aniruddha Jain
Around 5 months back,CLSA came out with a “Sell” recommendation on Biocon which led to a very public Twitter fight between the Biocon CEO and an analyst.
Biocon was trading around Rs.534 when CLSA issued the Sell Recommendation.
Its trading around Rs.723 today,up by almost 35% in the space of 5 months.
Forecasting Folly,anyone?
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How the Chinese handle poor bank performers
The video below shows the staff of a Chinese Bank publicly spanked for poor performance.
Maybe we should take a leaf out of the Chinese…