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smathew

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Posts posted by smathew

  1. I like this book which does a good in job explaining liberal vs conservative philosophy .

     

    http://www.amazon.com/Conflict-Visions-Ideological-Political-Struggles/dp/0465002056/ref=sr_1_1?ie=UTF8&qid=1348157519&sr=8-1&keywords=conflict+of+visions

     

    "Sowell, an economist and author (The Economics and Politics of Race, etc.), presents a provocative analysis of the conflicting visions of human nature that have shaped the moral, legal and economic life of recent times. For the past 200 years, he writes, two visions ofor "gut feelings" abouthow the world works, have dominated: the constrained vision, which views man as unchanged, limited and dependent on evolved social processes (market economies, constitutional law, etc.); and the unconstrained vision, which argues for man's potential and perfectability, and the possibility of rational planning for social solutions. Examining the views of thinkers who reflect these constrained (Adam Smith) and unconstrained (William Godwin) visions, Sowell shows how these powerful and subjective visions give rise to carefully constructed social theories. His discussion of how these conflicting attitudes ultimately produce clashes over equality, social justice and other issues is instructive"

  2. Please raise your hand if you would fork over 400 million to Uncle Sam if you didn't have to.

     

    Proud American citizen, but for 400 million I got to think about it.

     

    Wrong way to look at it If I made 3.6b I'd fork over 400 to uncle Sam.

     

    For those that think it has something to do with other than money you guys are naive...

     

    If he is not staying in USA and doing most of the  business outside USA then there can be many other reasons .

    Filing  FBAR etc for every account/ business interest can be a real pain .

     

  3. I read a little bit more about this guy - looks like he wants more publicity for more deals.

     

    Here is one of his plans to invest 1.5 billion in U.S/Europe.

     

    http://www.ft.com/cms/s/0/d8997a7c-cdaf-11e0-bb4f-00144feabdc0.html#axzz1ho22EfqJ

     

    Also, the guy owns so many companies he looks like a mini berkshire. May be some of the folks who are familiar with Indian markets can comment - why are there so many conglomerates in India? Is this because a few businessmen/families control government policy and stifle external competition.

     

    http://en.wikipedia.org/wiki/Ajay_Piramal

     

    I feel that is mainly because of the socialist past india had. Raising capital was tough for outsiders those days. Those who were already in the game where able to start new ventures, by getting capital from from their existing business .

    If you look at  the indian conglomerates all of them were formed those days or before . After 1990 not many conglomerates were formed.

  4. Process is same with all brokers  .You need to open a PIS account and NRE bank account. Most of the big brokers like icicidirect/hdfc securities won't allow NRI residents from USA/canada to open brokerage account .

     

    Some of the brokers allow opening of brokerage account for  NRI's from  USA/Canada to my knowledge are Navia markets and Sharekhan.

     

    1)Navia markets

    http://www.naviamarkets.com/nri-pio-online-investment-in-stocks.html

    http://blog.naviamarkets.com/news/index.php/navia-in-canada-interactive-seminars-saturdayjuly-16th-at-scarborough-sunday-17th-at-etobicoke

     

    2) sharekhan

    http://www.sharekhan.com/onlineservices/nri.aspx

     

     

    If you  contact the broker they will give you all  forms for opening bank accounts , brokerage account ,dmat account etc.

    They will take a care of dealing with banks etc. But be prepared to make around 100 signatures in all these forms  :).

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