Comments on: Who is an expert?

By: Filll

Filll — Fri, 14 Sep 2012 17:59:15 +0000

Subra, not just 1 or 2, any number of evidences will not conclusively prove a theory in many cases, remember the Thanksgiving Turkey?

http://statspotting.com/2011/06/bitcoin-talebs-thanksgiving-turkey/

By: MAHESH

MAHESH — Thu, 13 Sep 2012 15:25:38 +0000

GOT IT SIRJI..SUBRA JI..

By: subra

subra — Thu, 13 Sep 2012 15:05:04 +0000

Averaging is right or wrong depends on the end result. If you had averaged in some shares from Rs. 1300 to Rs. 6, you would have dramatically increased your losses, right? So re-read this article – what I am saying is ONE or 2 empirical evidence is not enough to establish a theory. I recently bought some share at 159 and sold at 201. FORGOT TO GIVE DELIVERY. Got auctioned at 197. Made a profit of Rs. 4*no. of shares! Now sold off AGAIN at 201.

CAN I SAY ‘not giving delivery = profit”. That is the problem. AVERAGING A SINGLE SCRIP is stupid, simply because you are ignoring market info. SIP should be done ONLY, ONLY, AND ONLY in a portfolio like the INDEX. If you see all my SIP articles you will find that.

By: Mira D

Mira D — Thu, 13 Sep 2012 07:43:56 +0000

I think this is true of ANY profession, subrabhai…experience cannot be compressed.. people tend to oversimplify, frame out of context…whereas “joota ghisna padta hai” there is no short cut to that…

By: Jitu

Jitu — Thu, 13 Sep 2012 06:23:12 +0000

Averaging is not wrong.It is the best way to minimize your Losses or maximize your gains.Buying 10 shares of a single company for the past 23 months….it can’t be termed as AVERAGING……its is a simple SIP in that particular stock.

By: krish

krish — Thu, 13 Sep 2012 04:43:33 +0000

With few transactions, studies & deals, I see this trend of assuming of expert status in every field. More so with our country men than anyone else.

One of my family member who is a consultant since long to ‘potable water equipment’ company installing kits at household level also get a sales calls from competitors explaining the chemistry of drinking water and perils if they do not drink from their kit. Surprisingly no one asks what his profession is and they try to scare with all the misleading information to close the call.

By: Mahesh

Mahesh — Thu, 13 Sep 2012 02:52:36 +0000

“Averaging Share price” is it wrong..? My doubt is like i have averaged few scrips even when it is in red and sold it in green got handsome returns in a period of two years. My decision to average it in red with loss is it wrong ..? I just have 4 years of trading experience and i am following ur blog since a year. out of curiosity i raised this question…:)