Economist is too respected a magazine to ignore. It also takes a balanced view of things. Many times they are right, sometimes of course, they could be wrong. Here I am reproducing a part of an article where they have spoken about India. Here, the quote starts, the highlighting is mine. “This year foreign capital […]
“If you spent 13 minutes last year guessing about the economy and the indicators, you wasted 10 minutes”. I am not sure about whether I got the wordings correct, but Peter Lynch said something to this effect. I am myself not a big believer in asset allocation strategies based on the state of the economy […]
Our FM has at last politically consented to an increase in fuel prices. So if you are a shareholder, rejoice. Your company is now perhaps 12 months away from bankruptcy instead of 2. That is about all. Look at the fertiliser subsidy. Who gets it? Farmers growing potato for Pepsi, Coke, ITC, – so that […]
What is wealth? And what is having a wealthy mindset? I could have easily adopted the text book method of defining wealth – and there are many available. Instead let us look at mindsets. It starts from the basic question of “Why do we borrow?” Most of us will today not need to borrow to […]
To win the elections, we will go to any length. Since we do not have anybody auditing our books, we will cook, lie and cheat, so is the Congress slogan. To help Chidambaram say he has controlled the “inflation” at 4% per annum he holds the price of petrol and diesel at $ 50 a […]
It is easy for fund managers and television anchors to talk about index being at a pe of 15…but let us not fool ourselves. There are many shares at pe of 58 and 38 – L&T, Tata Power to name a few. How does one deal with these companies? Well a little differently. Why should […]
Yesterday I saw, and I hope you saw that WB is not a fund manager. However almost all his thoughts on investing are worth reading and re-reading. Let us look at something very simple. WB says choose simplicity over complexity. Keep it simple. Do what is easy and simple – leave the complicated things to […]