Many people have asked me – do you trade? and the answer has always been – ‘kind of’. I am convinced that you can build a kind of permanent portfolio – but you need to be thick skinned, and deaf to all the noise around you. I have been told by many well wishers that […]
Continuing with my Saturday’s blog…Reliance did list at a discount to the “perception price” of Rs. 450 + a premium of Rs. 150-160. It tanked to 390 and then zoomed past 430! So the poor investor who is stuck with the share procured at 430 does not know what to do? I have had people […]
Wockhardt and then Emaar have withdrawn their IPOs. Withdrawn is a joke. The public did not buy them, therefore the issue is gone back. What is the learning? In a rising market nobody, really nobody has any interest in saying that the issue is overpriced and the end customer should not subscribe. A greedy promoter […]