Quick edit: An equity portfolio is like a garden. There always will be times like spring when it will shed most of what it has. That doesn’t stop it from reaching full bloom a short while later. Experiences tell you that the strain of shedding always leads to a search…
Quick edit: Is India really a poor country? If so, how do we explain just one temple having gold and precious stones worth 250000 crores in its cellar? How do we explain Indian imports of gold worth 5 lakh crores plus in three years between 2010 and 2012 when the…
Quick Edit: If there was a virus that is hurting the Indian equity investor, we could probably call it Macroanalitis. Terms like fiscal deficit and current account deficit have become so commonplace that one wonders why people never thought about these numbers earlier. The big picture is so scary that…
Quick edit: The budget day is indeed time for some quixotic stuff. The economists think like the citizen and the citizens think like an economist. That reminds one of the apocryphal tales on the most beautiful actress of his time proposing to George Bernard Shaw. Budgets are actually meant for…
A budget is an annual event and volatility is its constant companion. The interesting thing about budgets is that expectations are running very low in recent years. The markets have stopped seeing budgets as catalysts of sentiment overhaul. At best, the budget is an opportunity to make a few bets…
India has a way of defeating dogmas. Some things never seemed easy to do in our country. Disinvestment was one such. It remained a politically contentious issue every time the government even tried to talk about selling PSUs. Yet, none of the usual fuss was seen as the Indian government…
Are you still wondering if it is a good time to invest in Indian equities? Or, are you waiting for the best time? Well, the answer to the wait lies in finding ways of ending it. But, ending the wait should be done responsibly. Most investors who end long years…
Investor perception often gives unmistakable hints of things to come. When most investors believe a particular asset class or investment simply do no wrong, it actually would go wrong. The consensus is often the worst tool to make decisions. This is because it takes too much time to reach a…
Quick Edit: Investors shunned equity for a long time and chose the security of debt. Safety took precedence over returns. Like people hide themselves in the safety of bunkers in war ravaged zones, capital fled the stock markets to safe bunkers like debt and gold. Bunkers are nothing but temporary shelters. Once the…
Quick Edit: Nervousness is not new to the stock markets. The context which creates it makes all the difference. The week saw nervousness of a different kind. The markets refused to go down. An eagerness to see positive news flows contributed to the nervousness. After a long time, fear seems…
2008 was the year of the last bull run. The previous bull markets happened in 2000 and 1992. Coincidentally, in the last two decades, bull markets happened every eight years. Investors bought equity most during these phases and the least during the lean years as the current one. What happened…
Quick Edit: The AGM of Reliance settled one thing. The company’s reign as a market mover has ended. Nobody is going to be compelled to own it. Market leadership has to be established before a bull market begins. At least, the process of crowning a new leader has to begin. One…