Here is a very, very old idea. Whenever people ask me how to reduce losses in day trading, futures, options, or once upon a time the old fashioned badla, I always used to be stumped. My logic was – if you do not know the downside, any business is too risky, is it not? The […]
Here is a fine book on personal financial planning! it is called the “Richest Man of Babylon” and was suggested to me by the owner of a cute book shop named twistntales – based in Aundh, Pune. Here is a book review of the same -hopefully it will inspire you to buy the same, and […]
If you read what John Templeton says, you will believe that you need to create a diversified portfolio – a little of Japanese stocks, lots of American, some emerging markets, etc. in equity alone. Apart from this some debt – short term, long term, etc. Warren Buffet on the other hand says you should concentrate […]
I did not want to call this also Warren Buffets’ lessons, but it is one! WB says Short term forecasts are useless. He says “the forecast tells you more about the forecaster than the subject matter of the forecast” Cahrlie Munger and WB concur on one thing “market forecasts are like poison” it should be […]
Many friends in the media will feel let down by this post! After all the media spends so much time and effort on the macro. Telling people that they should look at market cycles, inflation, demographics…. Warren Buffet says ” Ignore the Macro, Focus on the Micro”. Clearly business should be concentrating on what they […]
It is customary in film circles to say “i was inspired by Kishore Kumar or S D Burman or …” what have you and then copy their song – either partially or in toto. In fund management too you can copy and the advantage is your money in the bank, is yours. Your money does […]
As is customary there is now a series of interviews to find out whether we are in a bull market or a bear market. Udyan Mukherjee is speaking to a host of experts to ask for their views. Rakesh Jhunjhunwala – (whose call on the IT stocks last June was bang on target) says we […]