“This is a good time to enter the market” What bull shit. Complete bull. Nobody, repeat nobody knows whether it is a good time to enter the market or not to enter the market. So what do we do? We watch TV or ask our broker. If the TV anchor says wait for 5 months, […]
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 […]
Well none of us know what next…but let us look at the crystal ball: – we all knew that there were scams. Some have come out, many have not yet. – a scam eruption HAS to by definition bring the markets down – as an acknowledgment of the eruption. – markets could remain low / […]
this is reposted because i have written a sequel to this…and that will appear in a couple of days… When a young enthusiastic kid (she reads the blog and finds it embarrassing if her name is used!) came up to me and said ‘Sir, if I have Rs. 10 crores in my life, I will […]
Either I am being very touchy about ULIPs or Endowment plans in general or too many pro-ulip articles are appearing in the print media also. The big worry about using numbers in an example is to know enough about statistics – mean, median, mode, standard deviation and NOISE. Noise is the distortion that is caused […]
I know this may sound sacrilegious, but the housing loan (mortgage) interest deduction is the most over-rated tax strategy in existence. I constantly hear happy “homeowners“ boasting about how much money they “saved“ with their mortgage interest deduction. Asking your boss to reduce your salary would perhaps have the same effect. If you are in […]
Many good fund managers are beating the Sensex and the Nifty by a long margin. I am also seeing many individuals (yes the kind of people I meet is skewed) beating the index, and many times by a big margin. This is also because when I see my own portfolio (or my families portfolio) there […]