turar

Wow!!! Me:- South India -> DC Area -> Kuwait -> South India. Life has come a full circle :D Yeah, and my wife is Gujarati by the way. :)

Haha, yeah it can get pretty uncomfortable. This winter was surprisingly warm though.

Almaty, Kazakhstan -> Florida -> Seattle -> Edmonton, Alberta. Next stop, who knows?

I agree with Peter on this. If I sell something which goes on to double or triple, it may feel that I lost money by not holding on, but I actually didn't. I think that's all he was trying to point out.

Was this posted here yet? http://www.rollingstone.com/politics/news/bank-of-america-too-crooked-to-fail-20120314

What's the difference between Chou's A and F series?

At which point does this become a short candidate?

Wasn't even 48 hrs.

I have a feeling that for every spectacular success story like this, there are two or more epic failure stories that never get told. I think that slow and steady approach is just as good. Live frugally, save a sizable portion of income, invest prudently. Boring and predictable.

How do you compare living in Aus vs US? There was a pretty insightful comparison earlier from dwy, I was curious about your thoughts.

Are you talking about Tuesday? I thought that was the ex-div date.

Don't they have a double taxation treaty with US? Also, depending on how far ahead this taxation event is, rules will probably change several times over.

Piramal does seem like an Indian Buffett of sorts. And Piramal Healthcare looked cheap with all that cash last time I looked at it couple of months ago. I just wish I could trade in India. The Economist article doesn't mention the fact that India restricts foreign investment by retail investors, as one of the possible reasons. They also basically compare figures before the financial crisis hit and after and are completely missing that elephant in the room.

Thanks dwy000, that was really helpful!

Out of curiosity, what are some of the reasons? I guess besides real estate?

Man, why does it have to be Klarman? He must have known this could easily become public, so then he's totally fine with it morally, or there's another side to this story.

Is my understanding correct that Canadians can already do this without any visa?

Do you have a quote from him about that? IIRC, he said stocks bounced back very quickly after March 09, but I don't remember him saying they never got cheap.

So what are you guys buying -- the common, warrants, or leaps?

It's a tech company at heart, that just happens to do retail. Just like Google is a tech company that happens to do advertising.

I had a lot of issues opening an iTrade account and transferring assets in, to the point where I got fed up and cancelled the whole process. Wouldn't recommend from that perspective.

Haha, I can relate. http://www.phdcomics.com/comics/archive/phd1105.gif

Hi seshnath, my wife is Indian citizen, but I have no other connections to India. She's on my IB account in Canada, so I'm thinking of trying to see if that would be enough to trade in India via IB from Canada. From the requirements, she will need to get a "PAN" card, and then open 2(!) bank accounts in India. Does Kotak securities have a simpler process? What are recommended Indian brokers in general, with online trading?

Does anyone know of a broker that allows Canadian retail investors to trade on Indian exchanges? I always thought IB did, until I wasn't able to even purchase Rupees via IB. Talking to customer service, it turns out IB only allows Indian residents to trade on NSE.

http://www.frbsf.org/publications/economics/letter/2011/el2011-26.html However, several factors may mitigate the effects of this demographic shift. First, demographic trends are predictable and rational agents should anticipate the impact of these changes on asset demand. Consequently, current asset prices should reflect the anticipated effects of demographic changes. In addition, retired individuals may continue to hold equities to leave to their heirs and as a source of wealth to finance consumption in case they live longer than expected (e.g., Poterba 2001). Foreign demand for U.S. equities might also reduce the downward pressure on asset prices. However, the effect is probably limited for two reasons. First, other developed nations have populations that are aging even more rapidly than the U.S. population (Krueger and Ludwig, 2007). Second, there is substantial evidence of home bias in equity holdings. Individual investors typically hold disproportionate shares of domestic assets in their portfolios. For example, in 2009, the foreign equity holdings of U.S. investors were only 27.2% of the share of foreign equities in global market capitalization. While the low level of international equity diversification is still not well understood (Obstfeld and Rogoff 2001), it suggests that foreign demand for U.S. equities is unlikely to offset price declines resulting from a sell-off by U.S. nationals. I'm not sure that extrapolating low international diversification of US investors to non-US investors is appropriate though.