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The High Court expressing its unhappiness asked the Delhi Police to provide details of its officers on patrol duty in the area covered by the bus in which a young paramedical girl was gang-raped
New Delhi: The Delhi High Court on Friday slammed the police for being "evasive" in its probe status report in providing details of its officers on patrol duty in the area covered by the bus in which a young paramedical girl was gang-raped for about 40 minutes, reports PTI.
"In the (earlier) order, the police commissioner was also directed to file a report giving details of the police officers patrolling in the area and the action taken in this aspect.
"On this aspect a report is filed... We have gone through the report and we are not convinced. None of the details of the police officers have been mentioned," a bench headed by Chief Justice D Murugesan said.
The court expressed its unhappiness and said, "We make it clear such a report, giving all the details, be filed without any delay."
The bench, also comprising Justice Rajiv Sahai Endlaw, made the observation after perusing the status report filed by Delhi Police through its DCP Chhaya Sharma in pursuance of the earlier order by which the court had taken suo moto cognizance of the incident.
The hearing commenced with the court posing a query as to why the report was "evasive" about the details of the police officers who were on patrolling duty during the time when the girl was sexually assaulted and beaten for about 40 minutes in a moving bus on Sunday night.
During the hearing, Justice Murugesan expressed his anguish and said, "It is an evasive report. You have not given any detail of police officers who were on duty. We will write in our order that a comprehensive report is not filed."
Najmi Waziri, appearing for the city police, tried to pacify the bench saying "I agree that more details should have come before the court. Entire bureaucracy is seized of the matter and our primary focus is to investigate the case."
He assured the bench that a more elaborate report will be filed later.
The court has now fixed the matter for further hearing on 9th January.
The bench had on 19th December taken suo motu cognisance of the gang rape incident and had decided to monitor its probe by directing police to carry a "high standard" investigation and file the chargesheet only after the court's perusal.
"Nobody is safe," the court had said noting that such incidents repeatedly happen in the city.
It had asked the police how the bus, having tinted glasses, kept plying on busy roads for 40 minutes and the sexual assault remained undetected.
The court had directed the Police Commissioner Neeraj Kumar to file a status report within two days giving all details.
During today's hearing, the court directed the Delhi Government to look into the lack of infrastructure and other facility at Central Forensice Science Laboratory(CFSL).
"We are informed that there is no director at the CFSL and there are two deputy directors in the CFSL who are not competent and leads to delay of one to two years in the investigation.
"Evidence is lost. They don't accept any sample as there is shortage of chemicals also. If it is so, then please rectify it immediately," the bench said.
The court, however, disallowed the plea of a woman lawyer that the 23-year-old girl be shifted to Apollo Hospital here.
"As far as this request is concerned, we have already noted in our previous order that the victim, if possible be shifted to a super speciality hospital for the best treatment," it said.
The court allowed the submission of Waziri that the report be kept in sealed cover as it contains crucial and sensitive information relating to the ongoing probe in the case.
Here is the world’s greatest investor and you see firsthand how hard it really is. I doubt very many of you would have waited eight years to get back to break even. I doubt many of you would have the mental fortitude to withstand a 50% drawdown. Buffett was not alone
There are countless investors who have been blessed to be investors of Warren Buffett. Even though there are legions of investors who believe in Warren Buffett, however no one’s perfect, not even Warren. We all know that Buffett made his money through identifying companies that he believed were worth more than their market value, investing in them and holding that investment for the long-term (actually almost forever). Buffett’s strategy is remarkably simple, but given the ups and downs of the stock market, it takes a high level of discipline, nerve and conviction in your decisions which the vast majority does not have. The words discipline and patience somehow get forgotten along the path and get blinded. Investors want their 15%-20% returns without any periods of drawdowns. At the slightest drawdown investors run. They look for the next so-called guru who will lead them to the “Promised Land”.
They want positive returns without the pain of drawdowns. In the real world this does not exist. I have to take that back, it existed in the warped dreams of the investors of Madoff and Alan Stanford.
Buffett has his admirers who hang on to every word he says. Counting their riches before time, they buy whatever Buffett does. However, these scores of admirers who mimic his methods & purchases are still wannabees. The vast majority don’t have the needed skills (patience, discipline, dedication and knowledge of compounding) such as basketball pro LeBron James has of dunking a basketball shot. The Class A shares in Buffett’s company Berkshire Hathaway were $15 when he first took over in 1965 and they were valued at $83,500 per share by the end of July 2012.
So the simple question is why isn’t everyone rich?
All you have to do is invest with Buffett and find an island to buy right? Big wrong!
How easy it wasn’t (as you will soon see)
How many would love to generate the rates of return that Buffett has over the long decades? Foolish question right! However, if you look at the chart of the BRKA it becomes a lot more complicated.The following are questions you really need to ask yourself. Here is the world’s most successful investor yet you will see from the following examples how hard it really was/is to have invested with him as well as you will shocked at the compounded returns.
The question will arise if you cannot invest in one of the world’s greatest investors, how will you really succeed in investing period?
Past Performance is not necessarily indicative of future performance
Permission of Chart by Metastock a Thompson Reuters company
In 1998 BRKA suffered more than a 50% drawdown. It took six years to recover. Again in 2007 BRKA suffered another 50% drawdown and going on six years later we still have not surpassed the prior peak. In June 30 1998 shares were approx 78,000 today in November 2012 shares are approximately 133,000.
In 15 years investing with the worlds greatest investor you would have had a 3.62% compounded annual rate of return.
Here is the world’s greatest investor and you see firsthand how hard it really is. There is no “get-rich-quick”. There is no consistent 1% per month or painless “All Weather Funds” or even any fund-of-fund which negates some of the pain. The reality is plain and clear. This is a marathon. I doubt very many of you reading this right now would have waited eight years to get back to break even. I doubt many of you would have the mental fortitude to withstand a 50% drawdown. Buffett was not alone.
He was joined by other stock market gurus.
Ken Heebner (CMG Fund) -56%
Harry Lange (Fidelity Magellan) -59%
Bill Miller (Legg Mason Value) -50%
There are many other unknown money managers that have surpassed him. In the book “The Bible of Trend Following” I want to introduce you to a select group of money managers that you probably have never heard of, who have compounded annual rates of returns over decades of 12% up to 20% for decades. More so in The Bible of Trend Following I teach you the exact methods of how you can trade for yourself. It is not easy nor is it retirement in a box. I do not sugar-coat anything and there will be periods along the way that will you will have losing periods. While past performance is not necessarily indicative of future results you have the potential to outperform the world’s greatest investor.