bagnap

Satyam Scandal: India's Claim to Ponzi Fame

E Nuff.

The only problem with the cockroach analogy is that the cockroach is not a leading indicator.

Usually, by the time the cockroaches/naked men/rats leave the sinking ship....

...its too late. The ship has sunk. The markets crashed. The tides out.

I don't think there is any real way to trade this news as it always lags the market.


On Jan 07 08:07 PM E Nuff Sed wrote:

> Well the Satyam ("truth" in Sanskrit) has emerged from this pile
> of dung.
>
> Warren Buffet saying that "when the tide goes out, you see who is
> swimming naked" is so true - and so is the cockroach theory of investing.
> When you see one or two roaches come out of the woodwork - sell and
> run for the hills - there something rotten behind those shining walls.
>
>
> We have seen this again and again with Madoff, AIG, Citi, Enron,
> Worldcom to name a few.
>
> Unfortunately I learnt this lesson the hard way with AIG and Worldcom.
> Never again!