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How Marwadis got screwed by NSEL
“Maximum brokers are marwadis and their clients also are marwadis and number of marwadis who were invested in this do not want to take risk in the equity market. They wanted some assured type of scheme. We have burnt fingers in real estate funding and number of places, though some money, some stake should be there and assured return will be coming. That is why maximum marwadis are there because our brokers are also marwadis.”-said Arun Dalmia, Secretary NSEL Investor Forum
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Prem Watsa Quotes
Considered as Canada’s Warren Buffett, he is in the news for purchasing Blackberry
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Linkfest:Sept 24,2013
Some stuff I am reading today morning:
Prem Watsa saves Blackberry (ET)
Blackberry strikes deal for $4.7 Billion (WSJ)
Supreme Court:Aadhar can’t be mandatory (Mint)
Analjit Singh strikes gold again (BS)
Why savvy brokers got trapped in NSEL (Moneycontrol)
Why nonsense in inevitable to Mr.Ananthamurthy (SandeepWeb)
Return of the iZombies (DailyReckoning)
Steve Cohen not the only one sick of his ex-wife (Dealbreaker)
Advisers are dead even on market timing (RickFerri)
How Mohnish Pabrai crushed the market (Forbes)
My close encounters with the lions in Botswana (Twistedswifter)