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Former Sebi boss Damodaran echoes Buffett, questions practice of guidance

Updated : June 08, 2018 07:27 PM IST

Damodaran said quarterly accounts are meaningless for some companies like infrastructure – what really can happen in a quarter, when all your projects are going to take several years to complete.
Damodaran highlighted the duplicity of public sector bank chiefs guidance, when they say that ‘worst is behind’ during the announcement of quarterly results.

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