It is customary for older people to talk about the loose morals of the younger generation, the increased corruption, and lamenting ‘In our times things were not as bad’.
Frankly some of the horror stories that I have heard in banking channels makes me wonder, if I have no clue of the eps, why bother about p/e ratio. Asking a psu company to pay Rs. 5 crores for ads on Indira’s birthday seems to be unnecessary – the MD is anyway happy to do it, without being told.
India looks like a kleptocracy…..but
Here is a brilliant article (only thing you can hold against the article is it is long!). I do not know how many of you are interested in the Chinese economy (believe me in another 5 years, ALL of us will be interested in that economy).
Read this article, then cut the whole article and paste it in a word document. Change from China to India – do a ‘find’ and ‘replace’.
Then read it again.
It might fit just as right. I just do not know how CORRECT this article is…nor the author’s credentials..but it is a brilliant article and surely worth reading…
I have given the hot link even in the first comment…as I seem to be having some problem with my service provider…
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