Some market observations…not all original…

• Time is more valuable in equity markets than money
• the longer you stay the greater the chance of winning in equity markets
• costs, fees, taxes do matter
• if you can save 1% of aum over 30 years it is not a small amount to be scoffed at
• Innumeracy is rampant
• amazing number of people who can talk theory but invest 10% of their surplus in equity. Good luck to them.
• if you do not believe in equities, you are wasting your time reading this blog.
• there is no reward without risk
• you took risk DOES NOT entitle you to reward, hey, that is risk!
• if you do not think Inflation is risk, don’t waste your time being in equities
• price targets are amazingly stupid
• forecasts are for fun
• forecasts for more than 3 years is amazingly stupid
• Morgan Stanley says Sensex will reach 100,000 in 2022.
• take all such projections with a pinch of salt, it helps
• Concentration builds wealth, you need diversification to protect wealth
• Saving is far, more important than Investing
• If you do not save you cannot invest.
• If you do not invest, you cannot get rich
• being rich or wealthy is actually a mindset, not an amount of money
• Volatility is mean reverting too!
• Ego is a big enemy
• having a good broker who can keep your ego in check is very very useful.
• once you have a roof and food to eat, SATISFACTION IS the only protection
• this is Cindrella’s party and there is no clock on the wall
• if you do not know how the ‘value’ is to be unlocked, you are not doing value investing
• bottom fishing is NOT value investing
• a lot of value can come from growth
• a lot of value can come from passive investing
• on an average passive beats active in USA
• on an average active beats passive in India – BECAUSE THE INDEX IS poorly constructed
• different types of indexing is active under the INDEXING couch
• fund houses which believe in active are hedging by launching etf
• some new active funds are etf in disguise and F….g expensive