“Things always become obvious after the fact – Taleb.” Short-sightedness stops us from looking far enough. Often, we miss the big picture because we were checking on the pixel strength. When we need to gaze far and understand the distant future, we need to put what we see around us…
“What makes the desert beautiful is that somewhere it hides a well.” Investors mostly believe that wealth is created through better performance of financial instruments. Therefore, when instruments fail to deliver, investors take the easy way of blaming the instrument. Faulting the manager is another common response. Investors mostly overlook…
Bargain hunting is a constant pursuit. Thats the only way it works. Managing expectations is an art. Mastery over this art determines who lead the world for the rest to follow. Icons are always past masters at managing expectations. The key factor in managing expectations is how we set them…
The investor’s tool kit – a cool head, adequate liquidity and a strong urge to buy good stocks. Data is increasingly a critical market driver. These days, we get data from all over and our markets respond to local and global data. The Indian data still doesn’t look good. Manufacturing…
Quick edit: A sub $90 pricing for crude oil. Just what the deficit warriors ordered. The trajectory of India’s economic recovery is set to change. The turnaround moment in India’s economic battles could be just now. If oil prices stay soft, we could definitely see inflation thaw, deficits narrow, business…
“The challenge in life is knowing what’s next.”– Walter Schloss. Quick edit: Calibration is not a word often associated with equity investing. Yet, calibration remains the essential tool in every serious investor’s toolkit. Knowing what to buy is one thing. Many investors know their winning ideas quite well. Yet, they…
“What makes the desert beautiful is that somewhere it hides a well.” Invest speak: The commodity super cycle played itself out over the past decade putting the user businesses under severe stress. Margins of commodity user industries experienced a sustained squeeze as businesses struggled under the load of rising interest…
“Success is 20% Skills and 80% strategy.”- Jim Rohn Quick Edit: America’s QE is not just the world’s worry. It is the uncertainty that the world is trying to decipher. What will happen when QE ends? Doomsayers like to believe that QE will take US growth down with it. The…
The market has a mind of its own. It won’t go down because investors want it to. So what if you missed the Modi rally in the Indian markets? Most investors did not buy before the results. Few were prepared for the big move. And, those who did buy after…
“Most people never run far enough on their first wind to find out they’ve got a second. -William James” When the S&P 500 hits 2000 and an emerging market like India doesn’t even notice it, that is a wake-up moment for us. Global liquidity is still higher than it…