Not very long ago people believed you finished your education, got a good job and relaxed. This is no longer true. Welcome to the next 20-30-50 years: 1. Taxes in all forms will GO UP: Frankly there is no attempt by any government anywhere in the world to become more efficient – this will force […]
If I were Bill Gross, I would have done the same thing….When Bill Gross (the bond Guru?) took a stand that having a bull position in US Governement securities was not a sensible thing to do….I nodded.. He had a big portfolio of government bonds – about 250 billion US $! It is not […]
The average return on equity investments (without reinvestment of dividends) is about 18% over the past 31 years. Does it mean that every year you got 19%? The answer is no. Such ‘zero standard deviation return’ is possible only in CERTAIN debt instruments. In equity investments there have been years of +242% as well […]
so much pressure from so many people to ‘feature’ new financial products! It means subramoney has arrived…or is it a case of desperation that products are not selling? I refused to feature products which are generally unnecessary for the readers (may sound pompous, but I am the judge here).. what happens when somebody has a […]
I wrote a post on volatile markets a couple of days back and said: Is the market at a low? can it go to 15,000 – frankly I do not have an answer. today I received a note from Prashant Jain and he has used exactly the same nos. and the same words.. It is […]
I get kinda irritated when the kids I teach ask me questions for which they can find answers on the web. What is a hedge fund and what is a mutual fund is a question that I have been asked a zillion times..so here is an attempt..I hope you like it..expect it in the next […]
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 […]