I have really been overwhelmed by the response to my postings on charity. So I thought I will do one more posting on the same. Many people find it very difficult to believe that a bunch of middle class friends can get together to build a temple, or set up a poor feeding initiative. That […]
I did not want to call this also Warren Buffets’ lessons, but it is one! WB says Short term forecasts are useless. He says “the forecast tells you more about the forecaster than the subject matter of the forecast” Cahrlie Munger and WB concur on one thing “market forecasts are like poison” it should be […]
The long awaited Mutual fund guidelines are here at last. However it is still very sketchy and full details are awaited and will come hopefully in the coming week. Even at this stage it is a welcome move and good first step for the end customer. Existing MFs can launch the REMF schemes, provided “they […]
Many friends in the media will feel let down by this post! After all the media spends so much time and effort on the macro. Telling people that they should look at market cycles, inflation, demographics…. Warren Buffet says ” Ignore the Macro, Focus on the Micro”. Clearly business should be concentrating on what they […]
It is customary in film circles to say “i was inspired by Kishore Kumar or S D Burman or …” what have you and then copy their song – either partially or in toto. In fund management too you can copy and the advantage is your money in the bank, is yours. Your money does […]
As is customary there is now a series of interviews to find out whether we are in a bull market or a bear market. Udyan Mukherjee is speaking to a host of experts to ask for their views. Rakesh Jhunjhunwala – (whose call on the IT stocks last June was bang on target) says we […]
If people think (or know) that you have some connection to the stock markets, they do turn to you with queries. One of the questions that I am asked – for the past 3-4 years has been “Do I need to hand over my money to a Portfolio Manager?” Whether an investor would benefit from […]