The people with old portfolios – some of them in their ’80s is coming from a completely unexpected source (that is what risk is supposed to be, is it not?). My parents lost Cadbury, Kodak, Hoganas, ITW Signode, …significant shares in their portfolio to a ‘buy-back’ in the 1980s…or 1990s, not sure. Buy-back is a […]
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 […]
Markets fell by 240 points yesterday and has fallen 230 points already today. For people like us markets means sensex! Markets are driven by 3 factors – Earnings of the companies, the future expectations (price-earning ratio) and the liquidity in the market. In the current market earnings are at their peak – the next couple […]
This is an old idea – many people have said it. Particularly Peter Lynch has said this many times – buy things you are familiar with, what you cannot describe in a picture is not worth buying, etc. There is of course a lot of justification to own shares like Gillette, Colgate, Hindustan Unilever, ITC, […]
Whenever the receptionist in our office wears a pink dupatta, equity markets go up by at least 50 points. I have no clue whether you would buy shares based on something like this. However, now I am being offered shares of Talwalkar (the fitness people) priced at a price-earning ratio of 44. The logic? Subra, […]