There is a lot of chatter in the market these days about ‘quality bubble’. It is easy to see where this is coming from. Hindustan Unilever is quoting at a P/E (price-to-earnings) ratio of 70, while Nestle’s P/E is 83 and that of Procter & Gamble (P&G) is 92. These are extreme valuation...
Did the Punjab and Maharashtra Cooperative Bank (PMC Bank) audit show the first signs of fudging data to hide beneficiary accounts as far back as 2014-15? It certainly looks like it.
In the previous article, we discussed some theoretical aspects to understand that quality companies (defined by some popular financial metrics of growth and returns) do well over long periods.
A couple of years ago, there was a great deal of excitement about Ambika Cotton Mills Limited (Ambika)—an extremely well-run business by an ethical promoter
“You don’t get invited to be on boards if you belch too often at the dinner table,” said Warren Buffett at the company’s annual meeting in Omaha, Nebraska, in May 2019.
