The Sensex may have given 19% returns over 33 years, however it may not have given 19% in any particular year! This is fairly simple – the standard deviation is quite high, and good years are followed by bad years. Simple. In the year 2011 the sensex’s performance looks bad because of the poor […]
You could take an optimistic scenario or a pessimistic scenario for 2012 and in the years to come… Let me see….here I think PESSIMISTICALLY what can happen: 1. Collapse of the European Banking system: just because it is unable to bear the load, the banks will just collapse. In fact on 24th of Dec the […]
Most economists you meet or read tell you that the US problem is worse – much worse- than the Euro problem. Many of us think that the Americans have pushed the dollar too far and it has to fail. The American debt, the American bank’s date and the NINJA credit cards, NINJA educational loans, […]
My neighbor of many years had about 900 shares of Hdfc (pre split) so now he should be having 4500 shares. His portfolio was not too great, but this share somehow he listened to me and held on from 1980 onwards…so it had grown. He had a very ambitious broker – and my genius neighbor […]
Yesterday I met a guy who has been a bear for a long time…Last year Dec 2011 he had told me the following: 1. Volumes will shrink in 2011, and a few brokerage houses will go down. 2. I had asked him “Is Reliance a good buy at about Rs. 12oo”. He said why not […]
There are some myths so deeply ingrained in people’s mind, that it is impossible to deal with it. Well it is exhausting to say the least: 1. The elephant is a strong animal: Wrong. It is a big animal. The tiger is strong – and the African lion is far stronger. It weighs about 300 […]
Who should decide on whether self regulation works? The other regulators? The MCA? The RBI? SEBI? …hmmm tough choice! The ICAI of course a well run body representing the interest of the C As. Well if this is what you think, you think wrong. Once you get in you realize that many of the regulators […]