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Linkfest: September 15,2014

Some stuff I am reading today morning

The curious case of the Citibank fraudster (Mint)

Whats next for India’s life insurers (Business Today)

Impact of social media on investing (Prashant)

This time it is different (Kiran)

Mall space in Pune goes abegging (FE)

HNIs,Indian funds eye Alibaba IPO (FirstBiz)

Fireside chat with Charlie Munger (Moneybeat)

How to preserve capital during a bear market (WealthOfCommonSense)

Carol Loomis:60 years in business journalism (CJR)

Hard money is not a mistake (Interfluidity)

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Excerpts

Basant Maheshwari on Value

Now, a great management in a great business creates tremendous value. Like Narayana Murthy with Infosys.

A great management in a bad business will lose value. Like Tata Sons with Tata Steel.

A bad management in a great business will lock value. Take, for instance, Vijay Mallya with United Spirits.

A bad management in a bad business will always blow up value. Like Vijay Mallya with Kingfisher Airlines.-said Basant Maheshwari

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Image

Life Insurers are raking in the moolah

Disclosure: I am market making in the shares of ICICI Pru Life.

Source:Business Today

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IPO

Say No to IPOs

Source: R Balakrishnan
IPO

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Image

Why EMH is nonsense