Weekend Mega Linkfest:27 Sept,2013
Some interesting off beat reads for the weekend:
Raghuram Rajan: Line of Credit (Caravan)
Nandan Nilekani:Unique ID of his own (Outlook)
Pakistan:No country for minorities (Tehelka)
Rahul Gandhi dumps inner party democracy in Amethi (Open)
The man who saved the world by doing absolutely nothing (Atlantic)
The best way to get a cheap airplane ticket (BusinessWeek)
A brief history of Scotland Yard (Smithsonian)
China’s richest man wants to be a movie mogul (Economist)
Back to British (Mediacrooks)
The great Marijuana crash of 2011 (BI)
The largest food fraud in US history (BusinessWeek)
How one Iranian Commander is reshaping the Middle East (NewYorker)
Culture:Some interesting music tracks (MumbaiBoss)
How to buy a used car in India (TeamBHP)
Gangs of Social Media (Wired)
The worst of times (Dawn)
I was amongst the first people to attend the investor presentation of Lavasa. I didn’t invest as I did not like the fact that maintenance fees etc would be arbitrarily decided by Lavasa Corporation.However lots of people in the meet came with their cheque books and invested.Everyone thought that this project was backed by Sharad Pawar and so nothing would go wrong-Pune after all is the fiefdom of the Pawar family.
All realty investors must read this-How Lavasa investors were cheated http://t.co/S32EDqtipc
— alphaideas (@alphaideas) September 27, 2013
One ad doing the rounds on TV is from Motilal Oswal which advises investors to follow the golden rule of investing “Buy Right,Sit Tight”
Now it is interesting to know that Mr.Motilal Oswal personally lost money along with his investors in the NSEL scam.
In today’s NSEL investor meet,Mr.Motilal Oswal made the following statements:
#NSEL,mr.motilal oswal speaking now
— BrokersForumOf India (@BSEBrokersForum) September 27, 2013
#NSEL,current diloge is with FT board
— BrokersForumOf India (@BSEBrokersForum) September 27, 2013
#NSEL,havr very large personal investment, but worrid abt investor
— BrokersForumOf India (@BSEBrokersForum) September 27, 2013
Looks like more rate hikes are on the way