Now that Modi is having the last laugh, here’s the list of Taleb’s aphorisms that he needs to dish out to the pseudo intellectuals and the snake oil salesmen who argued that his demonetization policy move would spell death-knell for him in electoral politics:
- People feel totally lost (& deep anxiety) finding out that someone they held for stupid is actually more intelligent than they are.
- Risk takers never complain. They do.
- The ultimate freedom lies in not having to explain “why” you did something.
- Nit-picking is the unmistakable mark of cluelessness.
- Never rid anyone of an illusion unless you can replace it in his mind with Continue reading
I have always said that equity have outperformed every asset class provided it has been done for long term and continuous investment been made with basic checks.
Is it so bad to see some stocks fall hugely? We have seen a number of stocks roll over and play nearly dead, losing more than 90% of their value in a few years. And then we thank our stars that we don’t own them. (And if we do, we don’t tell anyone until after 3 pegs)
Here is an interesting story done by Capital mind for a simple portfolio build on Nifty Continue reading
BSE has around 4000+ stocks listed but actually traded would be in range of 1000 stocks and NSE has around 1600 and again actively traded would be close to 100.
There are some dangerous stocks that should not be traded for various reasons as there is no liquidity in them, or they are prone to get delist and there are other reasons as well that might be interesting to read. You may not heard their name as well,
Kappac Pharma: Company with Chronic disease/Pharma name is deceptive and misleading.
Vikas Globalone : Kiska Vikas ? And nothing Global.
Cressanda Solutions: What Solutions? Providing solutions for black money conversion? Continue reading
Had an interesting conversation – “what is the feeling on Markets? I think further selling will be there. Everything is going against the economy Crude, Rupee, Earnings, Monsoon. Global issues not cooling down, Greece planning to exit Euro, China Production is slow, Saudi might again attack Yemen. Yaa but we had a spectacular run up this year as well as all in anticipation. Macro was improving and micro we were discounting and were giving time, but now Macro is against us and micro will take time to improve. People are booking profits big time I think ….”
To be honest no one knows how market will react, if you are keeping these points in check probably you might do well :-
- Saying “I’ll be greedy when others are fearful” is much easier than actually doing it. Continue reading
Generally I do not write or analyse on the market predictions. But one of the friend shared a msg on Nifty predictions let’s try to analyse it.
Don’t confuse brains with a bull market….. How much Nifty can rise in current bull market….?
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria
– Sir John Templeton
India has first major Bull market when Sensex moved from 400 in 1989 to 4546 in April 1992 a Rally of almost 1100% in matter of 3 years which will be remembered for Liberalization and reforms by Manmohan Singh . Continue reading