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prabhakarkudva
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Quote prabhakarkudva Replybullet Posted: 04/May/2010 at 6:23pm
Originally posted by manish_okhade

Originally posted by prabhakarkudva

Great write up,as usual. Smile

I think the reason is that the western countries still don't trust our economy as much as they trust China and i haven't been able to figure out why.

 
Answer to this is known very well i.e our accounting practises are considered doubtful by westerners. Many reknowned investors have hesitated due to this sole reason. Even investors from indian origine settled abroad are shying awa.
 
Its true or fals is debatable but media cites above reason.


And China is all transparent and ethical? Whom are we kidding!
Take your chances and keep them in a box until a quieter time.
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nitin_jagtap
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Quote nitin_jagtap Replybullet Posted: 04/May/2010 at 6:26pm

There is chaos in India but still there is order in this chaos and WB realised this now , probably this has got more to do with the whole american attitude of looking inwards and now when you have run out of choices you start looking outwards.

That way John Templeton was a pioneer and way ahead of the curve .

Warm REgards
Nitin Jagtap
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dipankar66
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Quote dipankar66 Replybullet Posted: 04/May/2010 at 6:28pm
I think he was interested in ONGC at the time of the public offer and wanted the entire stake on offer, but rules put him off. He was quite fobbed off by the rules of the game in India and did not pursue Indian equities...
But he discovered Ajit Jain, he said Jain was one of his best picks...
So much for Indian financial talent...
DD
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funkyappu
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Quote funkyappu Replybullet Posted: 04/May/2010 at 6:28pm
Originally posted by prabhakarkudva

Originally posted by manish_okhade

Originally posted by prabhakarkudva

Great write up,as usual. Smile

I think the reason is that the western countries still don't trust our economy as much as they trust China and i haven't been able to figure out why.

 
Answer to this is known very well i.e our accounting practises are considered doubtful by westerners. Many reknowned investors have hesitated due to this sole reason. Even investors from indian origine settled abroad are shying awa.
 
Its true or fals is debatable but media cites above reason.


And China is all transparent and ethical? Whom are we kidding!



Nice one......Prabhakar jee LOL

Why do we need some outsider Warren Buffet.......We have our own RJs & BMs.......who're specific to Indian needs. After all, WB & gang wouldn't be coming here for free. They'll be for their own gains. They would be coming because we'll be providing them the opportunities.
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prabhakarkudva
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Quote prabhakarkudva Replybullet Posted: 04/May/2010 at 6:32pm
I personally feel that we are reading too much into his trip and his seemingly casual answer to the India question.I don't think Buffett will invest in India in his lifetime.He is too risk averse and 'growth' was never his criterion for investment.The kind of certainty that he looks for in a business cannot be provided by any Indian company.
Take your chances and keep them in a box until a quieter time.
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funkyappu
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Quote funkyappu Replybullet Posted: 04/May/2010 at 6:34pm
Then why were the likes of his invested in China??
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manish_okhade
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Quote manish_okhade Replybullet Posted: 04/May/2010 at 6:35pm
Originally posted by prabhakarkudva

The kind of certainty that he looks for in a business cannot be provided by any Indian company.
 
I agree, as a seasoned business house India has yet to mature. Our economy is service oriented not product one. Its the product orientation which gives uniqueness to business or WB'S moat.
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yogishkamath
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Quote yogishkamath Replybullet Posted: 04/May/2010 at 6:37pm
   India seems very chaotic and unstable to outsiders.

   Even Jim Rogers was scared away by the infrastructure (or the lack of it) and the corruption.  These goras like order, clarity and predictability. China has it, India doesn't.

   It is hard for them to see how a country that seems to be falling apart can possibly keep growing at 9%.
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