First time I heard about paraprosdokians, I liked them. Paraprosdokians are figures of speech in which the latter part of a sentence or phrase is surprising or unexpected and is frequently humorous. (Winston Churchill loved them).
- Where there’s a will, I want to be in it
The last thing I want to do is hurt you … but it’s still on my list.
Since light travels faster than sound, some people appear bright until you hear them speak.
If I agreed with you, we’d both be wrong.
We never really grow up — we only learn how to act in public.
War does not determine who is right, only who is left.
Knowledge is knowing a tomato is a fruit. Wisdom is not putting it in a fruit salad.
To steal ideas from one person is plagiarism. To steal from many is research. Continue reading “Some hilarious Paraprosdokians”
Equity investing is something that can’t be taught or learned in a limited period. It requires time, patience and rules that you can bank on. I shared few principles from the famous book Beating the Street by Peter Lynch few days back. At the end of the book Lynch shared 25 Golden Rules of investing: (Which is interesting because I count 26)
- Investing is fun, exciting, and dangerous if you don’t do any work.
- Your investor’s edge is not something you get from Wall Street experts. It’s something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand. Continue reading “Why you should invest in Equity Market”
Sharing some one liner sales pitches that became famous on Wall Street and people should really avoid them & most of them used by many advisory firms and they have embraced a culture of sales and monthly quotas. If you find these pitches be afraid it’s a caveat…..
- “It’s like a CD.”
- “Buying on margin will greatly increase your returns.”
- “This fund did really well last year.”
- “As long as the music is playing, you have to get up and dance.”
- “Do you want the confirmation sent to your office or your mansion?” Continue reading “Wall Street Sales Pitches”
Not many people know about the convictions behind how MF global failed. This is how the destruction process works @ Wall Street and MF Global bankruptcy was one of the example of it.
They were very bad in Europe; leveraged 33:1 so there is no space of error when the firm is leveraged like that.
The three lessons that are can be shared from MF Global’s death:
- Accounting loopholes have to be closed and oversight improved.
- Non-bank financial firms should have a lead regulator.
- Rule-writers should consider “non-systemic” firms as well as “too big to fail” banks.
But there is a contrast view to it:
More regulation, more rules, Dodd Frank/EMIR/FATCA and to no purpose at all.
A banker wants to bet his firm on the direction of sovereign debt. If successful, we call him Soros and pat in him on the back. And if not, the firm is closed down. Regulations were pointless, because no rule book can reign in human ingenuity. Continue reading “How MF GLOBAL Failed”
Gudi Padwa, Cheti Chand, , Ugadi – make it a Great day and a Great Year.Happy New year! A very happy new Financial year Year too . Well moving back to the topic : Flash Boys: A Wall Street Revolt is a new book by Michael Lewis to be released today. I have been following Mr Lewis when I first read his best work in “Liar’s Poker” . I have read almost all his books published in the past and found every time fresh things to explore in this financial jungle.
He appeared for an interview day before yesterday before the release of Flash Boys,” is scheduled to be released on Monday, appeared on “60 Minutes” to argue that high-speed trading has ripped off investors not in possession of lightning-fast computers and special cables.
Flash Boys is about a small group of Wall Street guys who figure out that the U.S. stock market has been rigged for the benefit of insiders and that, post–financial crisis, the markets have become not more free but less, and more controlled by the big Wall Street banks. Continue reading “Flash Boys : A Wall Street Revolt”