Saturday, January 30, 2016
Read, Learn, Improve - 30-Jan-16
Why it’s crucial for apex court to listen to Prashant Bhushan’s petition on Reliance Jio - A tiny company trumping giants, an overwritten bank guarantee – the auction of 4G spectrum was curious from the very beginning – Link here
Why an Ex-Google Coder Makes Twice as Much Freelancing – Link here
There’s a time to buy, there’s a time to sell – Link here
The Pakistani stake in over 100 listed Indian companies – Link here
Why Robots Mean Interest Rates Could Go Even Lower In The Future – Link here
34 Charts: This Time Is Different – Link here
Yuval Noah Harari on Why Humans Dominate the Earth: Myth-Making – Link here
Horizontal History – Link here
The Secret of Immigrant Genius - Having your world turned upside down sparks creative thinking – Link here
Pay attention to long-term debt cycle - Ray Dalio – Link here
Why India needs to no longer be an Ashokan republic, but a Chanakyan one – Link here
Bill Ackman Runs an Anti-Index Fund – Link here
WHO OWNS THE SUN? - Warren Buffett controls Nevada’s legacy utility. Elon Musk is behind the solar company that’s upending the market. Let the fun begin – Link here
Why so bearish? How hidden bias is sinking global stocks – Link here
The World’s Favorite New Tax Haven Is the United States – Link here
Market Crashes, Stock Scandals: Lessons From the U.S. Frontier - The U.S. in the 19th century has lessons for investors looking at China and other emerging markets – Link here
Life hack - smart uses of binder clips - https://youtu.be/7nf_OxIrZN4
Thursday, January 28, 2016
Costly typo or more?
So if you have used Tinder & Twitter or either of it, you already know about #OnTinderAtTinder. So basically you have nice looking pic on app but in real life you look totally different and its not just limited to female, males do equally indulge into same. Just try it or ask your work colleague ;). Anyway point is, nice looking pic entices you and when you in meet in real life , you are in for a surprise. In Stock market language that's kind of Value Trap, you look at the stock, you see the "attractive valuation" you buy it and then after holding for long time you understand you have got into Value Trap. Valuation were not attractive but cheap and some times stock deserve to to trade at cheap valuation. RS Software is probably Value trap, read on to know more.
This has to be very costly typo or whatever it is, not sure who is responsible for this error – auditor, company officials or somebody who made that particular excel or some secretary who mailed wrong file or did mistake in calculation or company software (so company who made that software would be responsible) etc etc.
So this company called RS software has been in limelight for giving phenomenal return – 279% over 33% by Nifty over last 5 years…that’s pretty awesome (period from 2011 till 2014)
However then came correction, stock corrected from high of ~396 to ~120.
And on 23-jan-16 company declared its 3QFY16 results, given below
Just look at that line item number 14, showing share of profit /loss of associates – Rs2,009 lakh or Rs20cr effectively wiping up of all the loss company had reported during the quarter. (wrong result copy on BSE)
Now comes the best part or the part where somebody would lose his job & correction in market cap.It happens that it was typo, it was suppose to be just Rs20 lakh or Rs0.20 cr, meaning loss continues (corrected result copy on BSE).
As of today company has a market cap of around Rs180cr and cash of Rs125cr....one is probably looking at a value trap.
So long time ago in early days in my career, I remember during one meeting with a company a senior analyst was enquiring with company management about internal controls, risk management, auditors etc and management was like,” ya we use state of the art system” and analyst probed further like what softwares do you use? I was like what does that mean?…what do you mean by that? And bingo management was pretty much caught off guard and they said we use all original softwares by microsoft ,sun, oracle etc etc the best of the best. And if you know how organization are run, one ought to have ERP, to avoid such (above one mistakes) typos and frauds that anybody may try to commit knowingly or unknowlingly. Needless to say installing an ERP doesn’t guarantee that such thing would not happen.If you understand this software you would know that these don’t allow power to be in single hand. Hence committing fraud always needs more than 1 person, moment the number increases chances of fraud reduces, because not everybody has black heart. Hence we have infosys , HDFC, Unilevers, Asian Paint and many such good names.
Saturday, January 23, 2016
Read, Learn, Improve - 23-Jan-16
Read, Learn, Improve - 23-Jan-16
Scene from movie The Reader, very nice movie in case you haven’t seen it do watch it.Its do with….yes…reading….there is kind of secret or twist…that one only comes to know towards the end movie and one may probably feel sorry for Kate Winslet’s character, also how much we take skill of Reading for granted. Please be advised content of movie is A rated.
Shaping the Fourth Industrial Revolution – Link here
The more confident we are, the easier—and harder—we fall – Link here
Months after Kishore Biyani deal, Rajasthan's new ration shops still can't beat local kirana stores – Link here
Somebody's Wrong on Reliance – Link here
Secrets of the MIT Poker Course - Can a little calculus make a total novice into a gambling pro? – Link here
The fault in our startups – Link here
Long-term Thinking and Back to Basics – Link here
A Story of the Holocaust and the AIDS Epidemic: The romance of an Indian Muslim Freedom Fighter and a Lithuanian Jewish Woman (Story of Cipla) – Link here
The Big Five: The Media Companies That The Modi Government Must Scrutinise To Fulfill Its Promise Of Ending Crony Capitalism – Link here
Gundlach warns investors not ‘to be a hero’ in this wild market – Link here
How To Spread Love In Your City in the New Year – Link here
Life is Short - reducing bullshit from life – Link here
What does market know? – Link here
Market Macro Myths: Debts, Deficits, and Delusions – Link here
Room rentals v hotels - Buffett’s revenge – Link here
Stock Market Sell-Offs Without a Recession – Link here
What really happened at Vasan Healthcare? – Link here
Scene from movie The Reader, very nice movie in case you haven’t seen it do watch it.Its do with….yes…reading….there is kind of secret or twist…that one only comes to know towards the end movie and one may probably feel sorry for Kate Winslet’s character, also how much we take skill of Reading for granted. Please be advised content of movie is A rated.
The invention of farming - The biggest fraud on human kind – Link here
Shaping the Fourth Industrial Revolution – Link here
The more confident we are, the easier—and harder—we fall – Link here
Months after Kishore Biyani deal, Rajasthan's new ration shops still can't beat local kirana stores – Link here
Somebody's Wrong on Reliance – Link here
Secrets of the MIT Poker Course - Can a little calculus make a total novice into a gambling pro? – Link here
The fault in our startups – Link here
Long-term Thinking and Back to Basics – Link here
A Story of the Holocaust and the AIDS Epidemic: The romance of an Indian Muslim Freedom Fighter and a Lithuanian Jewish Woman (Story of Cipla) – Link here
The Big Five: The Media Companies That The Modi Government Must Scrutinise To Fulfill Its Promise Of Ending Crony Capitalism – Link here
Gundlach warns investors not ‘to be a hero’ in this wild market – Link here
How To Spread Love In Your City in the New Year – Link here
Life is Short - reducing bullshit from life – Link here
What does market know? – Link here
Market Macro Myths: Debts, Deficits, and Delusions – Link here
Room rentals v hotels - Buffett’s revenge – Link here
Stock Market Sell-Offs Without a Recession – Link here
What really happened at Vasan Healthcare? – Link here
Saturday, January 16, 2016
Read, Learn, Improve - 16-Jan-16
Read, Learn, Improve - 16-Jan-16
If you are visiting my blog and specially this post that I put up on weekend, you already agree with above statement.
Sorry if you thought there was gone be nice erotic story to spice up your weekend, you might want try googling it ;)
Read, Learn, Improve - 16-Jan-16
Three Value Investors Meet in a Bar – Link here
Is Champcash app new form of chain-money scheme? – Link here
How GM Beat Tesla to the First True Mass-Market Electric Car – Link here
The Absolute Return Letter - The Biggest Stories of 2016? – Link here
CARS AND THE FUTURE – Link here
Illumina’s Bid to Beat Cancer with DNA Tests – Link here
Silicon Valley: We Don’t Trust FICO Scores – Link here
What’s the better investment: The S&P 500, gold, or an Hermès Birkin bag? – Link here
In Silicon Valley Now, It’s Almost Always Winner Takes All – Link here
The $500 Million Battle Over Disney’s Princesses - How Hasbro grabbed the lucrative Disney doll business from Mattel – Link here
Macro is Hard – Link here
From Quora - "I have Rs.70. where should I invest to get better return?" and answer to it is nothing short of fairy tale – Link here
If you are visiting my blog and specially this post that I put up on weekend, you already agree with above statement.
Sorry if you thought there was gone be nice erotic story to spice up your weekend, you might want try googling it ;)
Read, Learn, Improve - 16-Jan-16
Three Value Investors Meet in a Bar – Link here
Is Champcash app new form of chain-money scheme? – Link here
How GM Beat Tesla to the First True Mass-Market Electric Car – Link here
The Absolute Return Letter - The Biggest Stories of 2016? – Link here
CARS AND THE FUTURE – Link here
Illumina’s Bid to Beat Cancer with DNA Tests – Link here
Silicon Valley: We Don’t Trust FICO Scores – Link here
What’s the better investment: The S&P 500, gold, or an Hermès Birkin bag? – Link here
In Silicon Valley Now, It’s Almost Always Winner Takes All – Link here
The $500 Million Battle Over Disney’s Princesses - How Hasbro grabbed the lucrative Disney doll business from Mattel – Link here
Macro is Hard – Link here
From Quora - "I have Rs.70. where should I invest to get better return?" and answer to it is nothing short of fairy tale – Link here
Saturday, January 9, 2016
Read, Learn, Improve - 9-Jan-16
Above pic has no relation to post , yup just to get your attention ;)
Read, Learn, Improve - 9-Jan-16
Despite the Digital boom, Print Media continues to flourish – Link here
12 business stories from 2015 and how they will play out in 2016 – Link here
The One Question You Should Ask About Every New Job – Link here
What I Learned from Losing $200 Million - The 2008 financial crisis taught me about the illusion of control, and how to give it up – Link here
Here’s Why the University of California Is Getting Into the Venture Capital Business – Link here
Who Controls Your Facebook Feed - A small team of engineers in Menlo Park. A panel of anonymous power users around the world. And, increasingly, you – Link here
Why Economists Took So Long to Focus on Inequality – Link here
Hydrogen bombs versus atomic bombs, explained – Link here
How Scientists Know the North Korea Blast Probably Wasn't an H-Bomb – Link here
India Has Designs on Toy Manufacturing – Link here
Huge currency zones don’t work – we need one per city – Link here
JSW Cement: Unconventional Model – Link here
AMAZON INVADES INDIA - How Jeff Bezos aims to conquer the next “trillion-dollar market.” The inside story – Link here
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