There are so many people today masquerading as financial planners, financial trainers, financial experts on media…I was amused when I heard the statement ‘Equity markets give good average returns’. If you ask me this is brilliant but useless advice! Why? Because to understand equity markets you need to understand Arithmetic Mean, Geometric Mean, Standard Deviation, […]

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Understanding mean, median, mode, standard deviation, regression, reversion to the mean – is a pre-requisite to understand financial markets. Let us see some simple examples: It rained 90mm in Mumbai on 22nd July. If it rains like this for 6 months continuously, Mumbai will be drowned. It was 43* C in Lucknow on 23rd May. […]

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