This is of course the old classic question – “When there is a festive sale and you can get 3 shirts for the price of 2, what do people do?” People rush to the shops. However when the 21000 index is available for 12000 what do people do? They sell. Well if you have a […]
A few hundred calls from friends, relatives, readers….have all had the same question on their lips. “What should I do now?”, “Will the index touch 9000?”, “Should I stop my SIPs?”, “When will the market recover?” Frankly I have no answer to some of these questions. I realise that the real good fund manager (by […]
Welcome the Bear Markets! Although we saw a furious short-term rally last fortnight, we have entered into official bear markets territory as of early this month. (In the US bear markets are defined as a drop of 20% or more from a previous high.) This is a good thing. Smart and Legendary investors understand this. […]
I hate writing about politics. Till it affects our daily lives. When in 1941 FDR, the then President of USA said freedom means freedom of speech, freedom of worship, freedom from want and freedom from fear, I thought it was a good workable definition. Today when I was reading Obama’s book and he quoted FDR, […]
Bill Gates is a passionate man. First he was passionate about Microsoft, now he is passionate about charity. Making people ask “Is Bill Gates the next Ben Franklin?”. I found the discussion quite fascinating, hence here is an article based on a note I found in my inbox – sent by a friend. Like Franklin, […]
“The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored.” I think Benjamin Graham was […]
Warren Buffett has some advice for young people, like college students, who want to remain financially independent. It’s not new and its not a surprise, but it is solid counsel on avoiding a very common money pitfall, and worth repeating: “The biggest suggestion I have is to avoid credit cards. Interest rates are very high […]