Categories
Links

Linkfest:26 May,2014

Some stuff I am reading today morning:

Absolute returns LOL (TRB)

Gujarat based stocks high on Modi (BS)

Modi plans to clean 1000 Indian towns (ET)

Stage looks set for lower bond yields (Mint)

An asset that can’t be taken away (BL)

50 Blogs every serious trader should read (TraderHQ)

Why I am fading the demographic bull market in passive investing (Csen)

How gold helped Iran avoid defeat by the US (DailyReckoning)

Getting back to our roots (MediaCrooks)

Thailand:Sell on the protests,buy on the coups (Quartz)

Categories
Movie

The owner reserves the right

This movie scene from Satyajit Ray’s Jalsaghar is one of my favorite movie scenes.

It contains some of the finest music and Kathak performances depicted on the big screen.

But what makes the scene subliminal for me is the ending-brings out the difference between the class of old (but vanishing) wealth and the vulgarity of new money.

 

Categories
Anecdotes

What’s the point?

I last had lunch with Captain Nair (of Leela Hotels) at the Great Wall, the Chinese restaurant at the Bombay Leela, a few months ago. He was 93 years old and yet physically active and mentally as sharp as ever. We talked about the Delhi property and he conceded that it was his last grand throw of the dice. He accepted also that the Leela Group had debts in excess of Rs 4,000 crore. But he did not seem particularly worried. “You only worry about paying back your debts if you have no money in the bank,” he said. “I have told Vivek and Dinesh (his sons) not to worry too much. Just be patient. The economy will pick up in a year or so. Then, we will sell two, three hotels and the debt will be reduced to normal levels.”      Wasn’t this easier said than done, I objected. “Oh no,” he responded. “In every business there are ups and downs. You can sit quietly and not take any risks. But then, what do you achieve? You have to look further and go faster than everybody else if you want to be remembered. Otherwise, what is the point in doing anything?” –wrote Vir Sanghvi

Categories
Ads

This Week’s Special

Categories
Anecdotes

The first Gujju

As Modi ascends the throne of Delhi on Monday,it is interesting to note that he is the third Gujarathi to do so.

Before him was Moraji Desai who became the Prime Minister of India in 1977.

But the first Gujju to sit on the throne of Delhi was in 1320.His name was Parmar alias Khusro Khan

Parmar was a native of the Bawariya region of Saurashtra in Gujarat, India.

In 1297, Alauddin Khilji sent an army under the command of Ulugh Khan and Nusrat Khan to plunder Gujarat. They first captured Patan by defeating the last Hindu ruler Karan Vaghela, then reached the Somanath temple in Saurashtra.  Parmar was captured, converted to Islam and enslaved. Known as ‘Hasan,’ he was subsequently given the title Khusro Khan by Mubarak. As a favorite of Mubarak, he led armies to the south. The historian Farishtah writes about Mubarak’s homosexual relations with Khusro Khan and also that Khusro Khan was a shemale.

 In 1320 Khusro Khan managed to kill Alauddin Khilji’s son, Qutb ud din Mubarak Shah, ending the Khilji dynasty. He captured the throne of Delhi and held it for four months, after which he was defeated and killed by Ghiyath al-Din Tughluq, who founded the Tughlaq dynasty in 1320 in Delhi.-from Wikipedia