Equity investing is a discipline with attendant quirks and can be occupationally hassling. Giving your very best doesn’t assure you of immediate outcomes. There are times when the best effort stays dormant without showing up anywhere. Investments in equity have a habit of hibernating. One simply has to dig in…
Indian investors have had an uneventful investment year in 2015. None of the asset classes did well. Gold disappointed badly. Property seems perched dangerously on a precipice and investors now fear the worst. Equity didn’t live up to what investors expect as a reasonable risk-reward. Commodities lost money for investors. Fixed income…
Prediction is a risky business. Often, a prediction going wrong can endanger reputations built over lifetimes. Yet, most of the investment world’s attention is obsessed with the business of prediction. Somehow, most people greatly excite themselves with the business of predicting. They get an adrenalin rush either in the hope…
A month of incessant rains tend to dampens one’s mood. When the rains culminate in the century’s worst floods, one tends to become too philosophical to think of money. When we see people around us lose everything they had just one evening ago, it make us wonder if one can…
Tax reforms in India are never easy. Resistance comes from all corners. In a country where the tax adherent lot is a miniscule minority, it is politically expedient to delay reforms that widen the tax net and bring everybody under tax scrutiny. To be fair, both the Congress and the…
India’s economic recovery seems to be an uphill climb. Two battles are being fought at the same time. The slowdown in the world which is affecting our exports. And, the crony capitalist policies and dealings of the past decade that have got our economy into the crosshairs. So, the government…