When the index was at 21000 we all were sure that it was just a little while..and we would be at 25000….well it never happened…then at 9k we were sure it would be at 6k..but it never got there either. The way we think so, is affected by the ‘Recency effect’ – the events closest […]
There is a trend that is visible and scary. Many people think that websites, magazines, blogs (including this) can substitute for actual work. Let me explain. Rakesh Jhunjhuwala and Vallabh Bhansali are the more famous names so I am naming them. Both are Chartered Accountants – Vallabh a rank holder at that. Both put in […]
there will always be a set of believers and a set of non believers. So there will always be some myths. As a blogger it is nice to keep clearing them…because too many people are creating myths very fast. Let me attack 3 myths today (I was told by somebody that people get confused if […]
When you see news items like IPO subscribed 40 times, or 200 times do you wonder how? Or when L&T finance debentures at 8.5% p.a. gets subscribed, do you wonder why? The answer is very simple. Merchant bankers are a nice small clique who also run PMS schemes. So when the ‘Investment Bank’ goes to […]
June 6 and 7 (2009) Nehru Centre, Worli, Mumbai, India will see an unique event for the retail investor. Many fund managers – (Nilesh Shah (icici prudential mutual fund), S Nagnath(dsp mutual fund), Madhu Kela (reliance mutual fund), Prashant Jain (hdfc mutual fund), Rakesh Jhunjhunwala (Rare enterprises) – an investor, Sanjoy Bhattacharyya, are all people […]
Many people know that Saraswathi (Saraswati) is the Goddess of Learning. Learning of course is important. On google you will find a lot of articles which say “what i learnt from Warren Buffet”, “what I learnt from Peter Lynch” or what I learnt from Rakesh Jhunjhunwala” or “what I learnt from Charles Munger” or “What […]
I would have called this a million dollar question. However, thanks to this great meltdown, let me call it the Trillion dollar question. The Optimistic view: the world loves a bull market. The world loves a winner. The world loves to see the “good” man win – that is why we pay millions of rupees […]