Change in market timings..

Hey do not see..we are changing! Well the NSE and the BSE have decided to change the timings for the market operations from 4th Jan, 2010. Who benefits? Really do not know..but let us see the stakeholders…
The Stock Exchange, Mumbai, was  started as an association – non profit making company – and was supposed to [...]

Arrogance of a duopoly: Change in trading timing

The advantage of working for a duopoly – especially one which is quasi government are manifold. One is you get paid like the private sector and second is you are sure to be secure, get stock options, have an indexed pension, etc. Must be funny in a rich man’s world – like Abba Said!
Look at [...]

Total mutual fund costs

One amazing rule of investments is called the ‘Golden Rule of Investing’. The Golden Rule says “he who has the Gold, makes the rules of investing”. If this post gets you nostalgic, you must have been born in the 1960s!
Once upon a time there used to be a ‘ring’ in The Stock Exchange (you dummy [...]

XBRL is here to help….

“With XBRL you cant hide”, – S.Swaminathan of Iris always said that…Here is what he says:

The myiris.com study has thrown up some startling findings. The study has shown that more than 200 listed Indian companies have discrepancies in their annual audited financial results. The discrepancies are such that the numbers simply do not add up. [...]

What is debt market?

There is no single or fixed location or exchange where debt market participants transact. Also very sadly small investors have no role to play. Which means as a lay investor you can invest in equities (far more difficult to understand) but cannot invest in debt markets (easier to understand).
Dealings are done over phone, and confirmed [...]

Reminiscences of a Stock operator – a book review

I had done this piece for SENSEX – a magazine run by the BSE (the mumbai stock exchange or bombay stock exchange)
Reminiscences of a Stock Operator (Wiley Investment Classics)
by Edwin Lefèvre
Once upon a time, quite long ago – the US was a highly unregulated market.
Very briefly, Jesse Livermore’s life as a stock and [...]