On my travels,I met a property developer from Karnal,Haryana.
He gave me some priceless advice in Punjabi on Real Estate:
“Barah saal mein roni property bhi soni ho jaandi hai”
i.e “In 12 years, even a horrible property will become lovely”
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Are Indian Markets Overheated?
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Linkfest: 01 May,2014
Some stuff I am reading today morning:
The coal scam just got deeper (Mint)
Realty stocks crack under political pressure (BS)
The team behind Brand Modi (ET)
How the banking system lost 600,000 Crores because of high real estate prices (FirstBiz)
The negatives of the Reliance My Gold plan (CapitalMind)
Why its hard for managed funds to beat the indexers (Wharton)
How Google can steal Facebook’s candy (Bloomberg)
Wall Street’s most Bankerish Banker (NYMag)
Top 100 Money Quotes of all time (Forbes)
Modi’s selfie gets him the first FIR of his life (NitiCentral)
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A lesson for Equity Analysts
“I particularly remember the time I gave (the research director) my paper on the banking industry. I felt very proud of my work. However, he read through it and said, ‘This is useless. What makes the stock go up and down?’ That comment acted as a spur. Thereafter, I focused my analysis on seeking to identify the factors that were strongly correlated to a stock’s price movement as opposed to looking at all the fundamentals. Frankly, even today, many analysts still don’t know what makes their particular stocks go up and down.”- said Stanley Druckenmiller
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Take your pick
Take your pick.
(a) India is now world's 3rd largest economy
(b) India is 129th in per-capita income
@WorldBank
— Ajit Ranade (@ajit_ranade) April 30, 2014