“We are consolidating our development finance book, but we still like the business; it is materially a sound business,” said Jairam Sridharan, managing director, Piramal Capital and Housing Finance. “The fact that banks have got serious limitations in terms of how to lend to real estate is well known. So, where will the funding come from? We want to be among those providers.”
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,