The average return on equity investments (without reinvestment of dividends) is about 18% over the past 31 years. Does it mean that every year you got 19%? The answer is no. Such ‘zero standard deviation return’ is possible only in CERTAIN debt instruments. In equity investments there have been years of +242% as well […]

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http://www.subramoney.com/book-written-by-me/ Taleb’s latest book is a simple book – with a lot of one liners. Debashis Basu told me at about 3pm on a Saturday evening about this book. So by 3.01 the decision to buy the book was taken. After some work I managed to reach Twistntales – a cosy book shop in Aundh […]

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  One of the best sales men I know told me “You must watch Rocket Singh” – to me this is not a great advise – my movie watching is very, very little if at all. However I did watch Rocket Singh. I now feel all my ‘friends’ who are not in the sales profession […]

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¬† There are many myths in investment management …let us break some of them: Buy low and sell high: Such a simple statement to make, and impossible to do in real life. Buy cheap and sell dear. People would like to think¬†this is easy to do, but remember whether a share is high or low […]

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