When Indians need to invest they look at Gold, Real estate, Post office, bank fixed deposits, life insurance, mutual funds…in that order. Is it too wrong? According to P Chidambaram it is. You are supposed to keep your money in ‘Financial Assets’ so that PC and his brethren can benefit. One of the brilliantly sold […]
The Indian financial press loves talking about mis-selling but nothing about mis-buying. Most people who buy financial products do not understand what they are buying. However, this is not a one-sided affair. Luckily (or unluckily) most of the clients do not know what they are buying. You will admit that is a fantastic combination. Let […]
If you thought Madoff scandal would serve as a reminder against buying shit financial services you thought wrong. Simply wrong. Ego of the successful man is far easier to cater to…he/ she will fall for it much much faster. Sadly I know some of these ‘event managers’ , wealth managers, brokerage houses…and others who organize […]
There are a lot of things to learn form the Ramayana. I have done many posts in the past on such learning, here is one more: Look at Ravana, and see what are his assets: First of all by any standards the man was rich. Translate it to today’s terms – he could be an […]
Over the last few months, I think I have underperformed the market. No clue simply because I do not remember ALL the transactions that are worth comparing. Let me clarify. I do trade on the portfolio that I hold. So if say I have 5000 Cummins and I feel it is over priced at 535, […]
Myth: Time in the market is more important that timing the market. This says that the longer you stay invested, the more chances of you making money. Again, only partly true. Good investors know that timing is all. While no one can call market peaks or troughs correctly all the time, we all can figure […]
Ego and pride are not really useful elements any where. So even while investing ego, pride, etc. have to be packed away in a box and tightly secured in a box. Many investors I know have made money because of luck or research done by some other person. However when they apply their minds […]