In this day and age when there are so many advertisements for thirst quenching drinks….why drink water? Every advertisement wants you to drink Pepsi, Coke, Mirinda, Thumbs Up, what have you. Then there are other healthy drinks which have no advertising, but is still very popular – albeit with the lower strata of society. These […]
When all of us feel that there is no risk, risk happens. Like all of us were sure that the markets will go from 21000 to 25000 it went to 9000. Market is a great humiliator -and exactly when you feel you have understood it all, it slaps you. At times it hits you in […]
Many people tell me they want to build a risk free portfolio. I tell them I hope you understand what is risk. They say yes. Here, these are the words that they need to know: Currency risk, inflation risk, systematic risk, principal risk, country risk, economic risk, mortgage risk, liquidity risk, volatility as risk, risk […]
Risk to a great extent is counter-intutive! When the index was 3000 (circa 2002) I would meet bank Relationship Managers and IFAs (Independent Financial Analysts) who would tell me “Sir, I only sell debt funds. They are so secure, and you know last year gilt funds yielded 19% p.a!”. I would gently probe and say […]