The most important thing about a regulator is he speaks in the language of the MOST powerful player. Period. So if it is RBI he will speak in the same tone as State Bank of India. If it is Insurance, it will sound like LIC and in case of mutual funds it used to be […]

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A few fund managers are visibly making statements like ‘this is a great time to be investing in equities…because equities are low’. Not true. If you do not know which equity share to buy (or which fund manager to back) ….you may end up buying real expensive stocks which are currently booming. If you are […]

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As the economy gets more open and more connected to the world, investing is becoming and will become more difficult. Once upon a time you bought a HUL, L&T, …(sorry I am saying all this with hindsight bias) and then hoped that life is easy. You joined the government services and were sure that at […]

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  Not sure how many of you have heard about the book ‘Investment Fables’ – it is a book by Damodaran, and an easy read for the layman. It is not a typical alpha, beta kind of valuation book. This title may not be exactly appropriate, but it is actually a response to many many […]

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What do you do if people disagree with you? Get angry, resign to fate, fight, ignore them…well look up the Cognitive disonance….but first read on.. There are some deep beliefs that you cannot question. Let us say the scientists in the world believed that the world is flat. It means many years of research including […]

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Overconfidence while investing is one big problem while people invest. Even worse is a half baked understanding of what the masters have said. Let us take just 2 examples…from the big man – Warren Buffet himself. 1. Diversification is for mediocre people: If you do not know what you are doing, you need to diversify. […]

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There are some deep beliefs that you cannot question. Let us say the scientists in the world believed that the world is flat. It means many years of research including greats like Aristotle who had not said anything to the contrary. So if I were a scientist in that era and a few guys like […]

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