Selling mantra from another investing legend – Sell when either promoters go mad or markets go mad !
— Vishal Mittal (@vishalmittal22) August 12, 2014
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The next Warren Buffett
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Linkfest:Aug 12,2014
Some stuff I am reading today morning:
Rakesh Jhunjhunwala’s net worth beats marketcap of 96% of listed firms (BS)
Using Utilities to time the market (AlphaArchitect)
The power of shareholder yield (Yahoo)
Why Employee Stock Options are losing sheen (BL)
Are the good times over for Cognizant? (ET)
Adani’s Australian coal dreams are turning black (FirstBiz)
Arbitrage funds a big draw (BS)
Adjusted for inflation,Nifty still 15%-35% below all time highs (CapitalMind)
Latest Fixed Deposit Rates in India (MyInvestmentIdeas)
Research: Are Cash Flows better stock return predictors than profits? (SSRN)
6 steps to dumping a bad mutual fund (MarketWatch)
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Ask this Q to to your financial advisor
How many advisors have been owning a stock or fund for more than 5 years? Good question to ask oneself to check the long term orientation.
— D.Muthukrishnan (@DMUTHUK) August 11, 2014
I had blogged earlier as how PSU Banks owing equity stakes in companies are a red flag.
But it appears that there are some wonderful(!) companies out there which have the TaxMan as a significant shareholder !
| Symbol | Entity | # of Shares | % | Date End |
| JVLAGRO | Tax Recovery Officer 6 Kanpur | 1700000 | 1.01 | 201406 |
| MAGNUM LTD | Tax Recovery Officer Range 9 Ahmedabad | 71900 | 1.13 | 201406 |
Many Thanks to Vishal for pointing out Magnum Ltd