Would Rajat Gupta have been punished in India?

The short answer is No.

Raj Ratnam said this in an interview

“In Sri Lanka I would have given the judge 50,000 rupees and he’d be sitting having dinner at my house. ”


If you look at the letters of support given to Rajat Gupta by the likes of Pramod Bhasin,Adi Godrej, Mukesh Ambani etc , it is clear that India Inc thinks Rajat did no wrong and deserves no punishment.

It is fairly scary for a retail Indian investor to know that our corporate captains and even the Indian media thinks insider trading is a victimless crime.

I think the average Indian investor feels that the Indian markets are rigged and they are better off investing their hard earned savings in FDs, gold and realty.

Do you blame them?

Sellside Research

DLF and Macquarie

Way back in August,I had blogged about the nonsensical research reports put out by brokerages.

One of them was a Buy Call on DLF by Macquarie with a price target of 250.Subsequently, the Robert Vadra scam has burst and the company is in the news for all the wrong reasons.

At that time, I had written

Can DLF hit 250 in the short term?Sure, in the Indian stock markets, anything is possible.But is it the kind of stock that one expects a reputed brokerage house to recommend for “investing”?Hell, no !!



Interview Video

Gross:Investors prefer stability as they get older


Linkfest:Oct 25, 2012

Some stuff I am reading today morning:

Comedian Jaspal Bhatti dies in road accident (TOI)

Why we splurge doing festive seasons (FirstPost)

Is Shibulal Infosys’s boldest CEO ever? (Mint)

Will a real estate empire suffer from Vadragate? (BS)

The young are getting away from agriculture (AjayShah)

Hidden Vietnam billionaire parlays noodles into property (Bloomberg)

Warren Buffett on Squawk Box  (MyInvestingNotebook)

Jim Rogers:Gold is going down (BusinessInsider)

Seasonally affective investing disorder (Psyfitec)

25 Best Blogs 2012 (Techland)

Gold Quotes

Two Contradictory Thoughts on Gold

Two great contradictory thoughts on gold from Satyajit Das’s article in ET

 “Gold is money. Everything else is credit.”-JPMorgan’s words to Congress in 1912


“A 15th-century gold bug who’d stored all his wealth in bullion, bequeathed it to his children and required them to do the same would be more than a little miffed when gazing down from his celestial place of rest to see the real wealth of his lineage decline by nearly 90% over the next 500 years.”-Dylan Grice of Societe Generale