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Truth Bombs from Aswath Damodaran

The Morning Brief

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What's Your Take on the Li C I Pi?

L i c is set to list its shares on the New York Stock Exchange this week. The stock market has been volatile in recent days, with many investors concerned about l i c's future value. David Walliams says it will be difficult for government-owned companies to get a fair price when they go public. He argues that as long as Government retains 95 per cent of an insurance company’s finances, their investment portfolio will continue to be opaque and muddled.

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