I hope to God no underwriter or actuary is reading this article. It is just a collection of the channels through which life insurance is sold these days. If some retired people cannot recognize some of the channels, please stop shaking your heads! Let us look at the channels: 1. The life insurance agent: the [...]
“The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored.” I think Benjamin Graham was [...]
A Very good Poker joke is “Look around the table. If you are not able to find who is to be had that evening, it is you”. Similarly when you are with a professional and you do not bother to find out how he is compensated, frankly, I do not think it is the advisor’s [...]
There are too many reasons why “investors” lose money in equities. Here I am trying to enumerate some of them. Keep visiting this post because as I get more points I will add them here rather than create a new post. 1. Confusing between trading and investing: Traders and investors both make money if done [...]
Some businesses are franchises. They have high walls and deep moats around them. Such businesses usually do well in the long run. Some of course create an addiction – ITC is a case in point. Other companies which come to mind are say Wriggley’s gum. When you are spending say Rs. 5 (or Rs. 20) [...]
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 [...]