I had done this piece for SENSEX – a magazine run by the BSE (the mumbai stock exchange or bombay stock exchange) Reminiscences of a Stock Operator (Wiley Investment Classics) by Edwin Lefèvre Once upon a time, quite long ago – the US was a highly unregulated market. Very briefly, Jesse Livermore’s life as a […]
It is nice to be greedy when everybody is fearful….and vice versa! Surely you have heard this many, many times. One version of this is what ROBERT G ALLEN has said. To quote “Many an optimist has become rich by buying out a pessimist!
If you read what John Templeton says, you will believe that you need to create a diversified portfolio – a little of Japanese stocks, lots of American, some emerging markets, etc. in equity alone. Apart from this some debt – short term, long term, etc. Warren Buffet on the other hand says you should concentrate […]
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 […]