Rediff Founder Balakrishnan's Interview Today on Forbes.com
Forbes released a story on Rediff.com today, with comments from Ajit Balakrishnan, Rediff Founder. Full story here
Balakrishnan holds about 32% of the company, so you can bet that he is very interested in the company doing well. It was heartening to hear clearly that the Company is not for sale. Quote: "we are not for sale," he says. "Absolutely not. I have no desire to get rich by selling my company." Cheers to that!
Good companies are made by good people, and Balakrishnan also commented that "There are product designers and computer programmers for whom Rediff is a point of inspiration. It is different from just a call center." This is what makes REDF my No. 1 pick in the Indian Internet sector. If the management focuses on hiring good people, giving them the playground to innovate, there is no doubt in my mind that good long term shareholder value is created. A prime example is Google, in 7 years, that amazing bunch created a $125B company.
All in all, pretty positive.
Sanjay John G.
PS: Did you see the new ETF, FXE, tracking the Euro? You can now buy and sell the Euro on the NYSE. It is priced for 100 euros in dollars (so today's price close of $120 means the price of Euro is $1.20).
You can buy or short the thing to speculate on the Euro. Bye Bye to futures...
Balakrishnan holds about 32% of the company, so you can bet that he is very interested in the company doing well. It was heartening to hear clearly that the Company is not for sale. Quote: "we are not for sale," he says. "Absolutely not. I have no desire to get rich by selling my company." Cheers to that!
Good companies are made by good people, and Balakrishnan also commented that "There are product designers and computer programmers for whom Rediff is a point of inspiration. It is different from just a call center." This is what makes REDF my No. 1 pick in the Indian Internet sector. If the management focuses on hiring good people, giving them the playground to innovate, there is no doubt in my mind that good long term shareholder value is created. A prime example is Google, in 7 years, that amazing bunch created a $125B company.
All in all, pretty positive.
Sanjay John G.
PS: Did you see the new ETF, FXE, tracking the Euro? You can now buy and sell the Euro on the NYSE. It is priced for 100 euros in dollars (so today's price close of $120 means the price of Euro is $1.20).
You can buy or short the thing to speculate on the Euro. Bye Bye to futures...
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