If you take the returns in the equity markets from March, 2004, (financial year) the returns have been 83, 16, 73. 17, 18, -38, 80, 10, -10, 7, 18, 24, -11, 20 and if the index closes at 33000 this year will also be 11%. Is this good news? I am not sure. If you […]
Last week I met an investor who was sure that the American markets and the Indian markets will crash in the next fortnight. Why such a ‘precise’ date? Well 16 Oct, 1987 – has its 30th anniversary! It is really difficult to carry on a very long conversation with people solely based on ‘gut’. This […]
Naren Sankaran is a good contrarian fund manager. Maybe great. Frankly I would love to have SN as my portfolio manager than as my MF manager. There are too many restrictions on Mutual funds and fund managers are still constrained by all that. Having said that I know that some shares that SN would like […]
So many people claim to be a LONG TERM INVESTOR. The sexiest thing to be in the investment market! Are they really long term investors? Why does their ability to hold on shrivel at the first sign of market coming down? Why do they start thinking in terms of a ‘couple of weeks’ as long […]
Amazingly stupid thing to ask. Seriously amazingly stupid. Of course lumpsum IF YOU HAVE THE UNDERSTANDING AND STOMACH to take volatility. If I had Rs. 1.5 crores to invest today, I would take a bet on 3 shares, period. Rs. 5 million in each share and go to sleep. However if a school teacher with […]
These are some of the queries that I receive – most of them asking me ‘Should I invest in equities’ or EVEN ‘Why do YOU say I should invest in equities’. Let me first list the questions that I am asked: 1. Will the next 20 years be the same as the 20 years that […]
Recently one famous business journalist said ‘if a guy came up to me and ask for a tip…I will slap him’ – well effectively this is what she said. It would perhaps be the best thing that she could do for him. It will save him from losses and heart burn. That brings us to […]