If you’re a fund manager, you can sit there and bemoan how difficult life is, or you can say, ‘this is still the best way to make money’, and have fun doing so. What else are you going to go and do?”-from the FT
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This time its different
If you look at the history of India’s credit cycles, most of the time companies have gone bad, but not their promoters,” Mr Uday Kotak said, referring to the owners of India’s largest industrial houses. “This time the banks must ensure that the pain is shared fairly between the banks and equity owners.”
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Linkfest:Sep 04,2012
Some stuff I am reading today morning:
ECB Chief hints at bond purchases (WSJ)
LIC embarks on ambitious plan to cover all Indians (Mint)
Drought in India devastates farmers (NYTimes)
Indian banks urged to act decisively (FT)
Why market Fridays matter (UpsideTrader)
Investing:Hedges on the edge (FT)
21 ways rich people think differently (BusinessInsider)
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Vajpayee’s Raj Dharma Comment
Interesting to see Narendra Modi looking a bit intimidated by Vajpayee.
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Vajpayee’s comments on Sonia’s speech
After seeing this clip, feel saddened about Manmohan Singh’s aloofness and silence.Feel he has destroyed the prestige of the office of the PM.Even Deve Gowda had more presence than him !!
Also, why has Vajpayee not given the Bharat Ratna?Lesser mortals and lesser PMs than him have received it.It would have been an easy way for the Congress to score brownie points