These days, when I meet my friends and relatives, more often than not the conversation veers predictively towards a version of “Where do I see the markets going forward over next…”. The time frame does not matter; I have come across all, from next few days to weeks to months to years. Yet invariably my answer most of the times have veered towards “I don’t know!” And this always comes as a bit of a shock but more importantly as a disappointment. However, it’s not hard to understand their shock and disappointment. Perhaps, I would have felt the same if I were to come across someone (like a Doctor) whom I see as an expert and if most of the time his responses to my queries are “I don’t know!” The disappointment they feel is probably much greater, because they have seen my peers launch in to highly sophisticated exposition […]Read more
“The more that you read, the more things you will know. The more that you learn the more places you’ll go.” Dr. Seuss We have often come across a number of ‘Must Read’ books about investing. But, at the end of the day (& month), how many of us really manage to read through these gigantic reams of paper? A common complaint, we all have, is that they are too theoretical & indecipherable unless one has profound knowledge of economics, statistics, psychology & similar esoteric subjects. This book, “More Than You Know” by Michael J Mauboussin, decodes the indecipherable by tapping into a wide variety of knowledge from unconventional sources. Ever thought, what ants could teach us about the importance of diversity in efficient markets? What bees could reveal about the behaviour of crowds? This book will surprise you with such bizarre, yet immensely profitable insights that will change the […]Read more
One cannot reiterate enough on the importance of having Health Insurance or Mediclaim. The stressful times we live in has made the list of lifestyle diseases longer. In fact, people seem to be incurring these diseases at a far younger age than before. While the progress in medicine has proved to be a boon in treating these diseases, the treatment comes at a very high cost! This is the most important reason for having a health insurance plan – to protect you and your family from huge medical debts in case of medical emergencies. In these cases, the needed surgeries, treatments, medications and visits to specialists can easily run into five digit bills. Health Insurance provides you the cover against the medical care costs arising from disease or accidental injuries. It is a crucial financial product that every individual must have irrespective of their age. It allows you to focus […]Read more
If you take a look at the Warren Buffett menu of investments, you’re sure to find the likes of Yum Foods (KFC & Pizza Hut), Coca-Cola, PepsiCo, Hershey’s in the specials. Is it time to add some sauces?
Yes! Warren Buffet’s Berkshire Hathaway has inked a deal to buy-out H. J. Heinz, along with 3G Capital. Is it just his love for the ketchup, or does it make absolute business sense too? Does it fit into his typical style of investing? What is his investing style, by the way?
I spent a Sunday morning talking over the same with my Dad. Here it goes…Read more
The quarter ending December 2012 looked up to the Government for some major reforms through its Union Budget for FY13-14, to address the macro problems affecting the economic growth of the country, such as slow investment growth, high inflation and rising current account deficit.
Capital intensive sectors took a hit on the back of sluggish construction activity and slowdown in order inflow, while companies in the defensive sectors outperformed.
In this backdrop, let’s look at how the Nifty 50 companies performed in Q3 of FY12-13? Has the market overvalued or undervalued Nifty vis-à-vis its MRP, and, what should investors do?
Let’s find out…Read more