Yearly Archives: 2018

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Making SIPs Work

  Podcast Transcript: When markets reach all time  highs we are always told SIPs are the best way to invest in equity. Just starting an SIP is seems as a formula for success. Initially, this works extremely well. But, when markets peak out, the problems begin. While all of know…

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Rigour and Regimen

  Podcast Transcript: We attribute investment success to many things. Most of these attributes tend to be external factors. The easy list of attributes tends to gravitate towards luck, timing and capital. But these are intangibles without clear patterns and to-do methods. Often, they  are best explained only in hindsight.…

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The Crossroads Are Here

The sharp comeback in pharma stocks, the buyback announcement by TCS, and the sustained weakness in midcaps send out clear signals. The markets are at the crossroads. Liquidity and its power to sustain equity valuations have been overestimated. You may wonder why this is happening. As a performance hugging universe,…

At The Crossroads

Podcast Transcript: When markets are overvalued, what should an investor do? Should we buy overvalued stocks which we really like? Or, should we stay in cash? Or, should we go where others don’t dare to go and invest? This was the dilemma of 2017-18. This dilemma was not merely that…

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Think Ahead

While the markets were focused on equities, yields on the 10-Year gilt quietly rose to cross 8% again. With other asset classes like real estate not doing much, and returns from equities clearly slowing down, debt makes a clear comeback as an option for conservative investors. Over the next few…

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Anchoring Bias

Podcast Transcript: My stance on mid-cap funds has been bearish in a while. After the dream run between 2013 and 2017, I started to feel very uneasy about them from September 2017. I had been advising clients to invest in the very funds when the valuations were softer and definitely…

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Play It Safe

“Large caps look inexpensive compared to small and midcaps.” A value investing peer said this in a rather complaining tone. To investors who made most of their wealth buying small and midcaps, these are troubling times indeed. The situation has remained so for the past year. Investors have been struggling…