When any asset class goes up and keeps going up…people start finding reasons for the same. Normally you cannot find a reason. When you cannot find a reason, you have to say ‘Buyers are more than Sellers, so prices are going up’. Hey, this is just not sexy enough for our media. Imagine me going […]
Iceland is a remarkable success story – by going against the advise of some ‘smart’ bankers like the American bankers. There is a brilliant article in Bloomberg (so those who have access to Bloomberg please read ‘Iceland Resurfaces, by Yalman Onaran) -it is there in the printed version also with a brilliant photograph by Tom […]
This is not to say that the Indian banking system is great, but I am not sure about how many of you have been following the Goldman case. There is a lot to say against the banking system – but remember do not go short on shares of big powerful companies. Personally there is a […]
What a true statement! Just remove real estate and replace it with “oil”, “gold” or “shares of Hdfc” – it does not matter. Asset prices fluctuate and is determined by demand and supply. Only thing is that this is a true statement – however the following conditions have to exist. 1. Uniformity of the asset […]