Citigroup Names Pandit CEO, Ending Closely Watched Search - WSJ.com
Citigroup Names Pandit CEO,
This site is more about what I read and a place for my friends to get a gist of what I read. I am interested in Technology, Venture capital, Finance, and real estate and emerging markets.
Citigroup Names Pandit CEO,
Posted by Vijaychandran Veerachandran at 1:25 PM
In my first column on the prospects and opportunities in Indian real estate, I looked at the residential sector and my favorite way to play it, Unitech Corporate Park (listed on London's Alternative Investment Market (AIM) in addition to its home listing in India). In this column, I'll examine the commercial real estate sector, which I believe offers significant upside potential, and my favorite pure-play on it: DLF, listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).
Posted by Vijaychandran Veerachandran at 11:16 AM
An MIT education is now just a click away
Posted by Vijaychandran Veerachandran at 3:20 PM
US National Debt Expanding at Mind-Numbing Rate, Nearly $1.4 Billion Per Day
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Posted by Vijaychandran Veerachandran at 3:14 PM
Mark Zuckerberg talks about this challenge in his post yesterday:
But we missed the right balance. At first we tried to make it very lightweight so people wouldn't have to touch it for it to work. The problem with our initial approach of making it an opt-out system instead of opt-in was that if someone forgot to decline to share something, Beacon still went ahead and shared it with their friends. It took us too long after people started contacting us to change the product so that users had to explicitly approve what they wanted to share.
Posted by Vijaychandran Veerachandran at 8:27 AM
Tiger Woods on returning to golf after a break:
First day I hit it like a god. Next day I'm a 5-handicapper. Third day I'm an 18. Next week or two I try to get it back to a 0 handicap. I don't know why it's like that. I always start out hitting it great, then I have this immediate falloff [as I] start thinking about my game, it goes all to pieces and I have to build it back up again
Posted by Vijaychandran Veerachandran at 7:05 AM
How Risks Originate
The bulk of Goldman's risks, Blankfein said, do not result from proprietary trading, but rather from facilitating client objectives. Being an effective M&A advisor, for example, means giving advice that is actionable, which frequently requires the advisory firm to support the client through loans and other balance sheet commitments. Most of Goldman's current exposure to mortgage risk came about in just this way -- through commitments to support client originators.
Posted by Vijaychandran Veerachandran at 11:25 AM
A letter changed their lives. Some 30 years ago, the Hiranandanis were in the textile and property business. They did badly in both and decided to withdraw from one of the businesses.
Posted by Vijaychandran Veerachandran at 12:10 PM