Are we in a bull market or a bear market…time alone will tell. However, mathematically, we are not in a bear market. From the peak of 40,000 the market has to be below 32000 to be called a bear market. We are nowhere near that. When I am asked in a class – when is […]

Did this program for the police – helping them invest..done this program with Sumiit Lakhutia…

“Your job is to educate the client…incidentally during this process…he may buy your product” – when the Ceo of a life insurance company said this it sounded funny. Why funny? he was addressing the Financial Consultants who were to sell his products. It is easy for a salaried executive to say such things…but who will […]

Wow…what is the connection? Well just trying to see that the world itself is a series of compounding. Our hills and mountains are a result of compounding of centuries of compounding. Our lives are too small when you compare it to the universe, hence we understand less. Lets see the history of Indian cricket. Till […]

Most of us cannot estimate our expenses at retirement. Even people who are now 80 cannot say with certainty how much money they need for the remaining part of their life. I was set to think by a tweet of a senior person in the asset management industry. I quote (please pardon me for the […]

Markets – equity or otherwise – exist because prices can go up or go down. How would it be if markets could never go down? People will pay an infinite PE – there is no risk of loss= and hold permanently for the rest of their lives. Like PPF. Since there is no default risk […]

Let us go back to 1999. A fund manager – let us call him – Amit Sitaraman – was a successful guy who got you 3.8% alpha. The media ate out of his hand and he pooh pooed the index funds. He was not really competent, he was guessing, and his company did not have […]