You won't believe how many people in India are making a career out of saying: Ïnvest for long-term, Choose SIPs and start early"
— Madhavan Narayanan (@madversity) August 7, 2015
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
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)
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 |
Margin of Safety
Margin of safety = if your investment thesis is completely wrong you will still make money
— MicroCapClub (@iancassel) August 6, 2015