Watch, listen, and learn. You cannot know it all yourself. Anyone who thinks that they do, is destined for mediocrity. Donald John Trump. Obviously Donald Trump has said this with respect to life. This is amazingly true for markets. Ken Fisher calls it the TGH – the great humiliator. The minute you think you understand […]
“So who still believes markets don’t work? Apparently it is only the North Koreans, the Cubans and the active managers.” — Rex Sinquefield, co-founder and board member Dimensional Fund Advisors Not that fund managers will like this…but there are too many people saying that indexing your money is the best thing to do. If that […]
I attended the India Equity show at Worli Mumbai and heard the following quotes. S Nagnath said “The Golden Rule of investing is that the man who has the gold makes the rules” Sundaram E A (ex hdfc mutual fund) said “It is difficult to teach a man something, if his livelihood depends on not […]
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) […]
It is nice to be greedy when everybody is fearful….and vice versa! Surely you have heard this many, many times. One version of this is what ROBERT G ALLEN has said. To quote “Many an optimist has become rich by buying out a pessimist!
Many friends in the media will feel let down by this post! After all the media spends so much time and effort on the macro. Telling people that they should look at market cycles, inflation, demographics…. Warren Buffet says ” Ignore the Macro, Focus on the Micro”. Clearly business should be concentrating on what they […]
Nasscom Leadership Summit has always been a place for good story-telling and provocative thoughts. This year, the spark came not from a software veteran or a BPO moghul, but a captain of an old economy industry. Anand Mahindra, vice chairman and managing director of Mahindra & Mahindra drew from mythology to call for game-changing innovation […]