This post is in continuation of my 5 stocks series (see here)
Oil Marketing PSUs had a brutal first week of August 2013 as can be seen from the table below:
| Symbol | Close on 31 July 2013 | Close on 8 August 2013 | Loss |
| BPCL | 323.75 | 276 | -14.75% |
| HINDPETRO | 211.65 | 187.65 | -11.34% |
| IOC | 204.9 | 195.5 | -4.59% |
PC's first cousin and BC's patron Mr. A.C Muthiah today fired from his post as Honorary Consul by the King of Belgium for financial fraud
— Subramanian Swamy (@Swamy39) August 10, 2013
Some stuff that I am reading today morning:
How shares in listed firms are used to convert black money into white (ET)
Ego war costs Yes Bank promoters 2000 Crores (Mint)
The lies of India (Mediacrooks)
Memo to the passive investing Taliban (TRB)
This Ironman market is still lacking respect (NYTimes)
Emerging market is very cheap (WallStreetRant)
Successful market timing is an urban legend (Servo)
Godfather advice to Ackman (JeffMatthews)
On the value of not knowing (Ritholtz)
The claptrap behind the minimum wage debate (BillBonner)