I had a long, funny and sometimes heated discussion with an equity analyst. Not that he is a great analyst – nor is he a bad one. However like most fund managers he believes ‘equity returns are a function of timing’. He says…’see if you had invested Rs. 100 in the index in 1980, it […]
Parroting ‘time spent in the market is better than timing the market’ is done by many journalists especially in the financial sector. However it does not giving the following advise: “It is your money. So if you are nervous about the market move into cash” When there are dark clouds, when you are feeling sad, […]
I must consider my self very, very lucky. During the Harshad Mehta Boom, I bought an office space for personal usage. When the index reached 21000 I had no reason to sell. However just luckily I decided to get out of some very high price earning stocks like Tata Power, L&T, Hdfc, and invest in […]