The Government of USA provided bank guarantees and actual bail out cash to the financial services system when they were teetering on the verge of collapse. Now happily for every one the warrants are in the money. This means if the government sells the warrants it can make some decent money – nowhere near enough […]
If you have a financial planner with a ‘product sale’ mentality – especially who has sold loan products also in the past, there is a good chance that he would suggest leverage. Leverage means borrowing. So read on… Financial planner: Borrowing sensibly is a good way to build wealth. Do a disciplined borrowing and you […]
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 […]
Aig, lehman, Bear sterns, Paulson, Ben Bernanke, Fed, ….if these words have been ringing in your head, and you do not understand what really happened, join me! There are many like us …so as usual I searched and a friend obliged. So here is the link – please read it: http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-the-recent-financial-upheavals/?em I hope you like […]
Welcome the Bear Markets! Although we saw a furious short-term rally last fortnight, we have entered into official bear markets territory as of early this month. (In the US bear markets are defined as a drop of 20% or more from a previous high.) This is a good thing. Smart and Legendary investors understand this. […]
Why should you know Nagnath’s view on the market? When the whole world was pessimistic about India he predicted huge cash inflows. I may not be too wrong if I say that he predicted the bull run in 2002, not in 2008! He always has a balanced view and gives excellent quotes and views to […]
For most small investors the guys who come on TV with a slick suit are “more knowledgeable” than the guy in a dhoti. That is because as Indians we like “phoren” rather than Indian. So is our quest for knowledge. Those people who have been long enough in the market know that one man who […]