Categories
Tax Video

10 Simple Mistakes To Avoid To Save Tax

Categories
Politics Tweets

Subramaniam Swamy Smells a Rat

Categories
Video

The Restaurant With a 5 Year Waiting List

Categories
Links

Linkfest:Dec 13,2013

Some stuff I am reading today morning:

At Harvard,Ratan Tata ‘confused and humiliated’ (FE)

Is Vijay Mallya’s empire under threat? (Mint)

At 20,NSE poised for a giant leap (BS)

Wall Street’s best trades of 2013 (Quartz)

Play Ball ! (MarketAnthropology)

A Noble Lie on buy and hold (Morningstar)

Great Online Shopping Festival (OneMint)

What sets high achievers apart? (APA)

We are due for a recession in 2014 (DailyReckoning)

Irrational Exuberance overtakes Asia (Bloomberg)

Categories
Excerpts Gold

What Jim Rogers learnt from Indians

Jim Rogers said:

“Everybody should have some of their assets outside of their own country, whatever their own country is as an insurance policy if nothing else.
“Everybody has life insurance, fire insurance, health insurance, car insurance, and you hope you never use your health insurance policy, you hope you lose money on it. Well that’s the same thing about having some of your assets outside your own country. You hope you never need it, but it is terribly good insurance. Because every country in world has had economic upheavals at one time or another.
“Then everybody should have some real assets. [Held overseas] they are a very good safeguard. Whatever kind of safeguard you’ve got, whether it’s gold, silver, farmland, silos full of rice, everyone should have some kind of assets that will come through an economic upheaval.”-from Goldnews
Indians have been buying gold for eons as a form of insurance and a safeguard against economic upheavals.Also, it is the most practical way for an ordinary Indian to invest in an international asset.
Western “gurus” are realizing it only now.Now when will the Indian Govt. realize it?