I remember at a Icici Pru Amc sponsored training program…Naren said “If you are like Subra and me…you have been in equities long enough to know that volatility is part of the market and you have to know how to use it…so if you were investing when everybody else was panicking..that itself was enough to […]
One very important reason for people to lose money in the stock market is SELLING WHEN YOU ARE FORCED TO, NOT WHEN YOU CAN. Let us see what went wrong with one of the portfolios that I used to know. The client was very conservative and had built a good portfolio over a long period […]
Are you wondering what is emotional investing? Well when you confuse luck, power of compounding, patriotism, nationalism, being a good doer…..and think of all of this as investing!! For example if I say “Reliance has done nothing for its shareholder” I MEAN EXACTLY THAT. People get excited and say the following: 1. it is difficult […]
Did the headline bring more people to this blog today? Well I can reply to that honestly only after 2 days when I have all the data in.. When you run a blog for 8 years the sheer fact that you have been around makes you an expert. Well that is what people think I […]
Yesterday India lost one of its jewels of the fund management industry. When I call him a jewel I am not saying that he was India’s best fund manager. About that the jury can decide, I am not interested in that debate. I am talking about the ONLY MAN I know who avoided conflict of […]
Long long ago….really long long ago a friend had got an appointment to meet the legendary lawyer Mr. Nani Palkhivala. He had a written note..and he said “I am meeting Mr. P tomorrow at 11am”. I was surprised – because knew that at 11am the big man would be in the court. I asked to […]
Most of us have only a vague idea of our OWN balance sheet…but we have a reasonably good idea of our friend’s balance sheet! The shiny new car in our friends house looks so alluring. We need to buy it, after all he is like us. Or is he? Is he really like you? Do […]