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Spoke highly of Ajit Jain, an IIT alumni. Only person besides WB & CM to be listed in personnel risk when they issued class B shares.
? Indian Investmnet is "fashionable". Money follows fashion and results on Wall Street. The US mkt is around 16 trillion, represents 50% of all stocks. Talked aout Korea ? companies trading at 2-3X earnings with good balance sheets. Better values in smaller markets. Capital Flows don't matter.
? ISCAR investment: got a letter last year. "if you don't want to put your business on the market like a piece of meat, we're the ones who get the call" got a letter ? "in certain letters character and talent just jump off the page"...
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