When people tell you I bought a house for Rs. 10,00,000 now it is worth Rs. 50,00,000 – it was such a risk free fantastic return, you should read between the lines. In news reading and while listening to people it is important to hear what they did not tell you. And they did not […]
Caveat: I am not an agent for LIC. No, I am not on the payroll of the LIC. Actually I do not even know whether LIC knows that I exist. Having said that let me accept that the press (including some of us fringe players) have written a lot of bad things about LIC – […]
LTCM – long term capital management – you will find the history of this company which had 2 Nobel Prize winners and many bankers…and brought the world to a standstill is worth reading about. More important read this… https://novelinvestor.com/buffetts-lessons-long-term-capital-management/
The ancient Chinese military strategist, Sun Tzu, wrote, “Know your enemy” a few thousand years ago – surely before the birth of Christ! I would adapt it a little for today’s usage and say “Know your enemy and know yourself and you need not fear battles.” I have not read the Art of War recently, […]
At the outset let me tell you that I do not like to say “I am proud of you” to my daughter. First of all, ‘pride’ is not something that I wish to ‘cultivate’. Pride is not a very positive sentiment, and can be painful at some stage. So I do not like to say […]
I was going through an American survey (India has no credible investor perception surveys) and I found real rich Americans expected their over all portfolio to deliver about 8.5% p.a. returns. Remove the debt portion yielding about 2.5% – and it means that the equity shares in the portfolio has to yield about 13% p.a. […]
What a topic! There is only one truthful answer to this: I DO NOT KNOW! However, far more importantly, your investing or not investing should not depend on finding the answer to this. I have seen IFA saying “markets will surely give 22% return per annum on a SIP basis” and garner a lot of […]