The Adani Group Scandal: What You Need to Know!
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- Опубліковано 30 вер 2024
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The Adani Group, one of India’s biggest conglomerates, has come under fire from a small American short selling hedge fund called Hindenburg Research. The firm, run by Nathan Anderson, is known for uncovering fraud and other issues at companies like Nikola Corporation, Clover Health, and Lordstown Motors.
Let's dig into the allegations, the evidence and Adani's response and discuss what this means for Gautam Adani and for India.
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Is there a discount for Scottish lords?
Thanks 😊
Jeezus when will these spam accounts stop, Google??!
Gross
all i know about the adani scandal is that I certifiably had exactly zero to do with it. I still do feel an unholy compulsion to get a beer and a lawn chair to watch the fireworks though....because i'm not above a little shadenfreude.
It is always nice to see your favorite influencer try new things. Not only Patrick is my long-time favorite music reviewer, I believe he also has the potential of becoming an amazing financial educator!
That would be a big move away from his comedy channel but I'd give it a try!
He's also a leading authority on sultry wood nymphs - a true renaissance man.
Isn’t this a rap and comedy channel?
@@sunnohh The channel mainly covers rap news. That's why I'm subscribed.
I get *ALL* my rap news from Patrick Boyle.
Is this a reference to bum sex? 🤔
As an Indian I would like to add that Adani is not a house hold name in India, at least it wasn't for the longest time, I don't think it was very famous right before 2015-2016, their value and their brand has really sky rocketed around the pandemic and the subsequent lock down, and in my personal very humble opinion, it's a house of cards, how can someone build a sustainable, ethical and profitable business this big in that short of a time, again that's just my humble opinion.
Humble yet astute observation.
Chela, Adani owns hard assets, ports, infrastructure not fake industries like social media.
True. It was only under the Modi govt. that Adani gained popularity or rather notoriety.
@@pallabidutta968 Notoriety?? For what?
Nobody is asking whatever humble....
No major Indian mutual fund invested in Adani stock. Almost every institutional and seasoned investor could guess something is wrong with the Adani group. Most of them would have taken short positions themselves if Indian laws permitted short selling.
Do you have evidence for this?
@@jasonmaguire7552 Yes just search Indian Mutual Fund Exposure to Adani. And search short selling rules in India. We'll not do it for you just because we are from India.
Boyle, Bagel, and Coffee -- the three musketeers of UA-cam's financial space. Never fear quarrels, and always in seek hazardous adventures.
I know Boyle and Bagel. Who's coffee? Can you post a link? Can't find him.
He is talking about Coffeezilla. One of UA-cam's best detectives.
Definitely my favourites too. Glad to see people turning away from the scammer class of FinTube.
Patrick dresses well but he doesn’t have a ten million dollar studio
The only BBC I'll watch
Should we be worried that Professor Boyle seems to be releasing this video from what looks like to be an Indian jail cell.... He did say that Adani Group is very powerful and well connected and that he had been talking to a lot of people who had read the report. 🤨
Our jails look like shithouse, his studio seems more refined than our parliament building 😂
@@therealMelonMusk so possibly in an Indian jail or parliament. Slight disparity there. Although, judging by the Hindenburg report both might be full of something that could be qualified as crap. I suppose time will tell.
That’s a UK switched wall socket behind him, so he’s in either the UK or Ireland
@@therealMelonMusk always trust a desi to shit on his own.
@@cptrelentless80085 India being a former British colony, might use UK plugs too, like those in the commonwealth
I feel like the phrase "Baseless allegations" is the financial industry's version of shouting "Fake news!" whenever someone accuses you of doing something. everytime a company is cought doing something its always "baseless accusations" even after they've been found guilty
What do you expect it's always been the same
@Asbestos. None of Adani's businesses made any lay off till date, of its more than 100000 employees despite suffering heavy damage on account of subversive short selling, while all western companies resorted to frequent layoffs even at slightest dip in their mullah. All of Adani's projects are progressing profitably despite the damage caused by a firm of questionable credentials. So the Jury isn't out yet.
Uh oh we got an Adani bot in the feed. I’m shocked.
@@jimbotheimpaler4756 A troll calling me a bot! Great!!
@@rravisankar3355 bot spotted😂
Curious as to how much Adani paid off politicians here in Australia
They probably didn't
They did. They are involved with hacking and identity and intellectual property and inheritance and intellectual property and Veterans Benefits and estate theft and twin studies.
Question Everything
@KristinaTurnerAquarius lying is not necessary in this instance
@@kp6215 including your sexual habits.
As an Indian I can confirm majority of the people who follow finance post 2020 knew about these allegations but his political connections are way too strong for someone to talk about it.
@@desmasic since independence are you sure??. India opened up to business after 1991. Before that there were only regulations. The problem with India is not crony capitalism but a hostile business environment where people think every businessman is a crook. So many businesses and capital left the country due to this. No political parties in our country support business in the open, every party in our country is left . Due to this business get targeted from ED and other regulating bodies for unfair reason ( often in public pressure).
When I first heard of Adani and also heard the words，“ Indian Investment “ in one sentence years back , I already immediately know it is a scam of some sort, very surprised people don't notice this until now 😛
@@sumitroy3483 Before 1991, political connections were absolutely necessary to start any business. Post 1991, politician-business nexus actually reduced.
@@armchairwomanmao2922 stock price manipulation yes, but scam, no. Adani mostly deals in physical products or energy sector, it has strong base it stands on.
But a small U.S. firm can take them down in 1 day. Niceeee. I hope they uncover more frauds in India.
of course Deutsche Bank is involved lol
😂😂😂😂😂
I love the way Aswath Damodaran put it: "if these [shady business practices] comprise a con, it has lots of company in India." It's just true isn't it? Does anyone really think that any of the mega corporations in India aren't insanely corrupt?
Far less corupt than western ones.
Are they privately owned? Less likely to be corrupt if shareholders/board have managers properly incentivised to rout it out.
Publicly traded. However, they use private investment fund that they own to borrow money and buy their own stock, so the Adani family’s ownership of the company is a lot higher than it shows on paper. Their board are basically cronies of the owners, as there are very few institutional investors owning significant share.
Problem is Adani recently shot up and most Indian investors don't trust him like some established businesses in India have been for a while. Ambani, Birla or Tata are household names for decades now. Adani isn't.
Such a controversy in early years of Adani would definitely make things messy for the company. I wonder if Gautam is gonna step down and let someone else takeover to clear out of this mess.
It's too big to fail or disappear.
You have to be corrupt to make it in a country with a government that is extremely corrupt at every level. Just ask the Russian Oligarchs.
Hindenburg research is an interesting name to choose for their business.
It's not a coincidence. They are a short seller research firm that looks for overvalued companies that will eventually crash, just like..
@@deadpan_delivry7476 Your username is quite apt. I laughed.
@@deadpan_delivry7476they may themselves crash like hidenburg
@@SineN0mine3I'm thinking of opening a delivery company with that name.
You only need to look to the highest level of business and politics to find the most successful mobsters in modern history.
Not just modern history
This is the way it's always been
Well said ,
@@ofthecaribbeansad but true
If anyone is wondering, at the point of these allegations Adani stock dropped to its lowest point (20.02.2023), while today (21.04.2024) it is sold at price 2.5 times higher, so yeah, doubt that the short position paid off, unless they closed it right in February
They shorted the bonds and bought a credit default swap
1:07 But dad, I wanna be a hairdresser.
No son, there's no future in that, you'll become an electrician just like me.
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More exciting than any crime movie I've watched for a long time. I've been looking forward to this video for some days now and you didn't disappoint me Patrick. THANK YOU.
Great, indeed! 🕵🏻♂️
Corruption? In India? I'm shocked I tell you! Shocked!
It is known to everyone in India that mauritius based companies are used to pump stocks.
Covert attack from the west
Since India 🇮🇳 stood his ground regarding the Ukrainian 🇺🇦 Proxy war
Typical
Ask Turkey 🇹🇷
From west Africa
🦅
So then you agree with Hindenburg?
@@jonjeskie5234 not really. There is no accounting fraud as they allege. Only a price pump which is legal through loopholes.
@@kth6736 So it's deceitful and the firms are wildly overvalued, but because it's a legal trick everyone knows about there's no problem.
@@dawnfire82 Yes... Mauritius is to India what Cayman Island and Bahamas are to USA.
Adani's response on their auditor is a ridiculous proposition. The audit firm is a very small firm and could not possibly have the skills to audit such a large business. To use an analogy, you can't say that it's not your fault the wings fell off a 747 due to of shoddy maintenance because your mechanic has a license, if that mechanic works on small leisure aircraft. The scale is wildly inappropriate.
hindenburg has only 5 members part of their firm. and they only started in 2017 or something.
@@ashishpatel350 Being an auditor is different from being a research firm. Am a CA student, and I can damn well say that a small inexperienced firm of 4 young auditors can never handle such a huge company. None of them even have a decade of auditing experience.
@@ashishpatel350 you have to be fiscally irresponsible or corrupt yourself if an IPO or a multibillion dollar firm you're investing in isn't using services of big 4 or even BDO. People outside financial investment fields or those who are enthusiasts don't understand the sheer importance of it.
@@apuapustaja1 meh. doubt it matters even the big four are trash.
@@ashishpatel350 but they have credentials, unlike the audit firm in question
This video's gonna be attacked by Indian bots. Beware!
Speak of the devil ^^ 😈
No need. Stupid dogs bark, that’s the way they are. And smart people don’t bark back to stoop down to a dogs level, thus giving validation to the stupidity of barking dogs.
Commonly known as andh bhakts
@Schrödinger's Cat Playing With A Tesseract. I can see English is not your first language, so your ignorance of context in English prose is understandable. Cool scene dude.
Trust me, I'm an Indian citizen. I trust Patrick a lot more than our biased, sensationalist TV media channels.
Grateful for Patrick being an anchor in this wild world
Covert attack from the west
Since India 🇮🇳 stood his ground regarding the Ukrainian 🇺🇦 Proxy war
Typical
Ask Turkey 🇹🇷
From west Africa
🦅
Agreed but disappointed there was no wood nymph character in this story or mention of rappers.
Except with his clothing choices some videos.
10:52 a company with no experience in aviation or airport management was awarded the contracts to run 6 airports in India? That’s transparency, India style 😂
By that logic no fresher should get a job, or anyone shouldn't start a business.
@@sumanchatterjee6591 not an airline anyway...
@@sumanchatterjee6591 there is an enormous difference between a vital, major government contract and aa Fresh Graduatee looking for an entry job.
Maybe you should try to study on logical fallacies and concepts such as nuances and contextual meaning before sucking off your overlords.
@@sumanchatterjee6591I can understand 1 or 2 but 6 ? That big gamble
@@heruiksanudin8942 well if u have adani kind of money I can also do that.
Patrick branching out from music reviews into finance is an unexpected but certainly welcome surprise
Wow I didn't know diamond sorting was such a well-paid profession 😉
The diamond business is like a stepping stone for many businessmen in Gujarat. They come in contact with bigwigs and are able to build relationships. It's a legacy thing. If you're a businessman and you want to give your son a good foundation without raising too many eyebrows you get him a job in the diamond business.
Back in 2019, Adani wanted to mine known reserves of high quality coal in Queensland, Australia. Outrage followed that it would pollute the Great Barrier Reef and add to Global Warming. There are massive reserves of this type in Australia. They had a bad reputation as well. "Baksheesh Baba" is where you pay a bribe in India.
Adani won the contract in Australia through proper process. He is a big investor in Australia and doing projects
It is already open that Gorge Soros funded Open society foundation was behind the protest against Adanis project in Australia.
George Soros already expose his plan for regime change in India and targeting Adani as he considered Adani as ally of current political dispensation in India.
Adani was billionaire for long time. He just strated rapid expansion in last few years on the basis of loans. Since he is mainly in brick mortar type company and doing govt. project( every political party govt. including Indian opposition parties have given them projects) so they were getting loan easily.
There is nothing unethical in that.
Yes it was common saying that share were overvalued as the growth debt driven.
Now for some latest updates.
Adani group is again climbing in market. Adani has already started paying back loan.😂😂😂
Hidenberg is not gospel of truth..they have alleged something and investigation will happen..under Supreme court of India. Adani are mainly a brick mortar type company they are not going to fail. Lol
Hidenberg did not publish report FTF crypto scam of billions of dollars by SamBankman fried or recent Sillicon Valley Bank problem.
Adani are engaging top US and Indian law firm for their cases.
George Soros already expose its plan and game desire for regime change in India... so we all know were things coming from.😂😂😂
What has it all come to...
My wife and I drink tea in our pj's and listen to Patrick explain finance.
Nice! 👌🏻
I wish I could find a girl like that.
@@opulenceluxury8548 i don't believe him bro, it's too good to be true
Well, as long as you guys are not using this as background music while fondling in the sack, all is good...
Ah yes! It's detective Jason Statham saving us again.
nobody can touch Patrick's comedic genius, period.💯
The biggest question is why Hyndenburg can uncover these shady business practices while governments and lending institutions are blind to the fact.
they are incentived to look the other way.
Corruption.
You line enough pockets and you get your own little corner of fun
Corruption is rife in third world economies.
@@apuapustaja1 corruption is rife in every part of the world. Where there's money and power, there are scumbag human leeches. But yeah it gets overlooked much more and it's a lot easier to grease pockets in the third world
Came under fire by hindenburg.
I see what u did there.
Adani is well known here on Australia too. They have been trying to construct one of the world's largest coal mines in Queensland but the project has been in limbo for years as it's politically sensitive. Local activist activities and public pressure has meant that all local banks and lenders have ruled out providing funding for the project and state and federal governments have said they won't provide financing either.
Whether or not it's all a big Con Adani is a major source of corruption.
You didn't mention that our governments sold them the land knowing what they intended to do, despite the fact that the locals were almost universally opposed to the idea.
@@SineN0mine3 now what does that tell you about Australian politicians? I highly recommend 'honest government ads' for further entertainment on this.
And don't forget what they did in Whyalla, SA ... sigh ...
The mine is built and running, they just changed all the names
It’s not “adani”
it’s “Carmichael coal mine” “bowen rail” and “abbot point coal terminal”
But he owns it all
They wanted to build new rail all the way to the port and cut out aurizon but the government said that was stupid and forced them to use the existing aurizon lines where possible
When I first heard of Adani and also heard the words，“ Indian Investment “ in one sentence years back , I already immediately know it is a scam of some sort, very surprised people don't notice this until now 😛
patrick you cant just casually throw a meme at us like 17:26 and expect ppl to just keep watching without stopping not in awe rewinding for hours
I've been looking forward to this and I was not disappointed. I was pleased to see you refer to and quote Aswath Damadaran, as I watched his video on the subject, which came across as very analytical, balanced and credible, as does everything he puts out that I've seen, along with you.
It should be noticed that Hindenberg has a short position in the Adani Group so they have an interest. They are not a dispassionate and disengaged observer. ;-)
Exactly you are a smart man
'Should be noticed.' They f'ing announced it. 🙄
@@dawnfire82 No, they disclosed it. 99% of their 'report' discusses Adani, with less than 1% disclosing their interest. They met the minimum legal requirement for disclosure. Viewers should notice that. This isn't Edward R Murrow reporting a story with no personal interests. This financial firm uses this to manipulate markets, i.e., people, i.e., viewers here, to their economic advantage. And personally, I have no real problem with that so long as everyone fully understands the context. ;-)
Hi Patrick I watch your videos regularly. I would like to point out that. Adani was not India’s largest Conglomerate. Not by a distance even when it was it was at the peak. Largest Conglomerate is the TATA Group who have a great corporate governance record not just in India but in every country they operate in. Followed by Reliance who are cash rich became fully debt free recently. I feel it’s important to point this out because shadow of Adani should not undermine good work done by value creating blue chip companies in India.
You mean they haven't got caught yet.
@@himoffthequakeroatbox4320 it's owner spent billions in charity, he have done most amount of charity in world, search up ratan tata
@@himoffthequakeroatbox4320 most of businessmen are good people in India. This generalization that all big businessmen are crooks is what is affecting India growth.
@@sumitroy3483 lol. No its not. That's just crap that nationalists say.
TATAs are not angels they have their share of frauds..
Indians always look after other Indians - especially those from the same village, region and state. It's weird, but so true in my experience.
And yet it's white people who get accused of doing this.
Hi Patrick, as usual you've realised very well put together and informative content.
Would it be possible to find out your recommendations on a list of books with different levels of complexity for those interested in learning more about finance and economy in general?
I believe he has a video on book recommendations
He wrote a medium article a whole back too
@@SteelWolf5280 @monissiddiqui6559, thank you. I will try and find them
Very interesting as it seems both sides are over representing their hand. Given how the stock sale went, Adani shouldn't have too many problems staying solvent (unlike Evergrand), but they ARE seriously over valued. And how much of their stock price is real and how much fake is up for debate. I can see why the funds are split on the trade, it's all a question of if Adani's stock falls enough to be considered "good" again.
Funds with 98% of their assets in Adani stock?
▪︎ Be afraid, be very afraid. This is an obvious scam. ▪︎ No legitimate fund manager would invest all of his fund's assets in one company, no matter what company, no matter how great looked.
▪︎ It defies the fundamental risk management rules of Modern Portfolio Theory.
No company on this side of the galaxy deserves this stratospheric PE.
Even in India, Inc ... run by "the 5 families". 🤠
It is very understandable that Pro Indian Nationalists would transform this into a politically motivated insensibility .... but I would put my faith in mathematicians to answer these questions now hanging over Adani and by quirky default .... the Modi edifice itself ...
Clearly they're crooks ... but that doesnt make the short sellers a saintly breed.
In the long run, it'd be better for India to deal with this properly.
But does corruption go too deep to achieve that?
@@jasperhorace7147 There's a high risk for that unfortunately.
I would look next into the 5 families that agreed to buy Adani's stock offering before it was cancelled, I would bet we might find something similar there. Seems very suspicious, very manchester city football club sponsor like arrangement maybe.......
Correction. Adani Group is big But they are not among the top 10 largest Tax payers in India. That is the Game for them.
Hindenburg Research is wrong as often as they’re right. Most recent “research” they released, on SLI, turned out to be poopy. You shouldn’t pump shorts!
I haven't watched this wonderful video yet, but I think it's safe to say they didn't have enough 69 or 420 on their financial interests
Good commentary and nice departure from all the rap videos
Now the question are, what does Adani needs to do to properly address this issue? And also, how does India seem to have a nepotism problem trough most of its conglomerates?
Most Indian company are new and owner hold more than 50% of share. So they are able to appoint whoever they want.
They should have just answer the 88 questions properly at the first place. They have great businesses at the end of the day , so they aren't going anywhere anyways.
And India was literally ruled by same family till modi came in power. I hope we will see more positions rise in power.
@@prateekagarwal5541 they could go bankrupt and have to restructure though if stocks fall too deep
@@jonjeskie5234 it's healing now
One short seller took a gamble and brought down the share prices of the target company. Suddenly you find all these financial wizards wake up and blurt out analysis after analysis...and a lot of poor souls getting carried away by the "doubts" raised by the short seller..!!!!
Once again ,Patrick came out with this excellent report to untangle the Adani’s affair. Thank you.
A multiple of _375 x earnings._ I got a nosebleed just reading that.
A complex situation, my hunch is India will ignore everything until the conglomerate collapses with a default.
No it'll not. It's a too big to fail conglomerate. It might go through severe pain and restructuring in the coming years
It will not default. Company has strong Balance sheet and hold lot of valuable and profitable assets in India.
Our top companies are very much intertwined with the govt policies and economy. Anything that affects one will affect all the others. There is not much healthy competition in case one falls so that another can take over.
Thank you very much for the insight, didn't think about what you said.
@@sreeravi25 Now I remember I was viewing this as a "Bernie Madoff" type of thing, so if he failed he would have any kind of bailout. But looks like I did not have enough information.
The Airport rule was changed before Modi came to power. It was done by earlier government to award Delhi Airport contract to GMR group who did not have any earlier experience. Please do some homework.
This is possibly the best Rap music Review channel on youtube.
i'm curious to know if you can do a video on Chamath Palihapitiya.
Fun fact, chip ganassi racing took sponsorship money from both DC solar and clover health. This may be part of the reason the team got sold to trackhouse racing. It likely hurt their finances.
1/5 electric transmission, cement in india, airport,infra,etc should be worth lot. See what im talking about, it is not a baloon . Assets should be worth a lot which the banks have financed, it not empty baloons which the bank have financed
Behind every corporate financial scam is a public accounting firm. They want the fees at the expense of the public.
India is suffering from elected autocracy. And Adani is on of the oligarch.
I'm from Mauritius and I can say that there is no doubt t he offshore sector in Mauritius is involved in his doings
Hindenburg doing a hit-piece report on Adani just sounds like what they accuse Adani of. Stock market manipulation, looking to make a derivative windfall from their short position. And roughly since when was it illegal to have over-valued stock?
There are no gurus, only cycles. And we are in a cycle of fraude.
Damodaran putting his reputation on the line, especially given his reputation in financial valuation. I don't see the upside. We'll see how those comments stand the test of time.
Aww how cute, the Oligarchs banded togather
A lot of low level scammers are in it too
Most of the Hindenburg reports were already known to native indian investors, mostly foreign investors were scared. Adani is over leveraged, but has cashflows, thanks to government contracts. Public sector companies in India failed to provide basic infra to people, so modi is mimicking chaebol south korean. There are also Tata , Ambani, Goenka, Mahindra etc but they have slick PR unlike Adani. Adani is also favored because he takes on risky projects where government wants to expand, government/people/adani sees it as win-win, better than some public sector company. As long as Adani delivers it works, but risky and crash is imminent.
Excellent video Patrick! Really dove in and gave a full picture of the situation, appreciate the dedication to detail!
Adani isn't india's largest Commemorate. It's most likely the Tata sons group.
I reported someone who commented last, since it’s misinformation 😂
Mushmouf
1) No mutual fund house(from India), except the index funds has bought any stock in any of the adani stocks.
2) No ace investor(again from India) has bought or shown any interest and has steered the conversation away from the adani group of stocks.
3) Adani != India. There are way better corporations over here.
I like that your video background resembles the colors of the Indian flag (wall and table)
Hindenburg is nothing but a short seller & market manipulator, adani will raise again. Good this time without foreign manipulators only Indian money
Thanks for your in depth report, it had much more information that what I read in the media. I appreciate your channel.
Adani is like scam indian call center which is taken to a whole new level
Every body is shouting a scam but where is the proof
So basically Adani payed back the loan.???? Has huge assets. Able to service its debt. So wer is the problem.??? I don’t get what you r going at?
I find myself watching Patrick Boyle for a TLDR on a matter, and Aswath Damodaran for the in-depth analysis. I recommend others to do the same, if you have the time and energy for a deep dive. Admittedly, some of Professor Damodaran's videos are a bit boring, but that's the nature of thorough lectures from time to time.
He's the only person I'll listen to in this long form format.
You read my mind, just about to read his Twitter and look if he posted anything on his blog.
Haha, Adani is a household name/topic in Queensland because they are wanting to open up a new coal mine. It's not very popular
When the short-seller was named, they had to choose Hindenburg, Led Zeppelin was already taken.
"has a lot of company in India"? Is that meant to be exculpatory?
Thanks for the video! Please note that Trevor Milton was not CEO of Nikola at the time of the scandal. He was executive chairman.
But he was also the founder..
@@jonjeskie5234 the video says he was CEO at the time of the scandal, which is wrong.
@@MrAsteba he was ceo when the fraud was happening, are you talking specifically about when he was convicted?
@@jonjeskie5234 Trevor Milton was CEO of Nikola until June 2020, and then executive chairman. The report from Hindenburg about Nikola was published in September 2020. I just wanted to clarify this information in my first comment and didn't say anything about Trevor Milton not being the founder of Nikola.
Always knew something was off at the rate he was growing
I'm glad the nice police officers let you record this in their interrogation room.
Not just Adani, but all Indian billionaires have/had this sort of relationship with this government / governments of the past (not a claim, but an open, public relation).
The biggest audit firms in the industry constantly fudge their numbers either through incompetence or corruption, so not too sure why there is always such a negative association if a company chooses a smaller firm. Either way though Adani is clearly up to something dodgy though, great video!
Because a small firm is too small for such a big company
Not really... There are many small firms which audit listed companies. Lets not forget that a small firm is only auditing one company (at a time) among the hundreds of group companies of Adani group. The auditors are experienced enough to audit a company
This is just a political shit-show.
Without proof people are alleging that Indian PM Modi is friends with Adani.
That's all there is to this "report".
Otherwise, all its saying is that the stock is over-priced. Which happens **all** the time. Even Disney has fallen 50% in last 2 yrs. So it was over-priced too. Stocks being over-priced is as normal as sunrise/sunset.
@@1lollmaolol1 not when it's this far detached from its fundamentals. Companies like Disney and Tesla Rose and fell due to macroeconomics, and it made perfect sense for their environment. Adani's is completely detached from the fundamental and macro circumstances.
@@jonjeskie5234 so if disney or any of other 10000s of companies fall 90%, that's just "macroeconomics", but when Adani falls 50% that in your estimation is a political scam and corruption?
The market will decide, and your comments will, in my estimation, prove wrong cause adani's business of cement, power, airports, etc is more real world than facebook's. Adani will outlast fb, tesla and many other top companies in next 10-20 yrs.
A Modi supporter a corrupt member of kakicracy? Whodda thunk it?!?
Thank you Prof. Boyle. As usual, it is very deep and good.
Patrick Boyle is my favorite influencer, and I love his brother Danny’s films, too.
And their sister sings like an angel.
Well explained. Thank you
Patrick gave the entire talk with his right hand in his pocket. Is he trying to hide a Chinese Finger Trap on his pointer finger? I don't think that's all that probable because such traps require two fingers. Unless, of course, you were cursed by a woodland nymph. But that's ridiculous because what are the odds of that happening?
In any event, I prefer this presentation style. It's so much better than other people I have to listen to who do their entire talk with their hand in *my* pocket.
Great work Mr. Patrick.
I mean like regardless of whether or not the short seller guy is basically just doing all this profit and has nothing to do with altruism, and I don't care either way because it's very funny, build scale of his confidence and the weakness of the response. kind of proves that either they are committing fraud and he's he knows that eventually he wins no matter what so whether they can force the issue and lose now or they can lose later, or adoni knows that modi will protect him because he has like a vice grip on power so and he doesn't need to really address it. he needs to do things for show that modi can play off of and that's good enough
You are business 😀 you do everything for your benefit so you are start making fake news and propoganda against Adani group but I want to say that wait 12 months you see Adani back with billion not trillion dollars wait ok ✌️✌️😀✌️ you game start now end the game adani ok 😀
Great video, nothing to add all was in the open before Hidenburg report, Sucheta Dalal has exposed Adani i think,she's another great jurno .
heard you on 'chat with traders', bought the niederhoffer book
Unfortunately the losers will be ordinary investors who bought into the growth story just before the short report and bigger loser will be Hindenburg as their credibility will be decimated over a 2 year period. And surprise: the winner by a big margin will be Adani himself.
Excellent ! Scripted in typical cutting dry humour...every word rings true !
That’s a bad room, looks like a police interview room. Did you disagree with the BBC?
He was kidnapped by the Pakistani C.I.A to publish these slanderous claims against India
🇮🇳Jai Hind
17:25 Amazing choice of illustrative material.
Hindenburg research “report” timing has nothing todo with Davos. It was not a hit job.