Podcast Transcript 2018 is turning out to be a difficult year for many among us. Most investors have not seen their portfolios stay above cost. Most portfolios have lost money. This very much applies to mutual fund portfolios as well. In fact, the losses seem to be higher for…
Podcast Transcript: I met a friend after long years. He had been around the world, worked in many countries, and seen the best and worst of the oil booms. In fact, he worked in that sector and was slowly getting ready to retire. We go a long way…
Podcast Transcript The markets are hitting new highs. But my advisor says, “Think long term”. I asked him if we need to book some profits. He says “Do nothing, just let the investments stay.” Friends, keep bringing up these conversations more frequently these days. The problem with…
Podcast Transcript How we develop conviction matters. Everybody agrees that the quality of conviction will determine many things- how we translate conviction into investments, how we allocate money into an investment, and how we hold onto the investment. Generating conviction, growing conviction, preserving conviction and translating conviction are four…
Podcast Transcript When we find valuations at extremes, it usually is at the most difficult time. We struggle to decide how to deal with them. Mostly, amongst us, the risk averse find it convenient not to deal with them. We find it natural to do nothing. We avoid them. Our…
Podcast Transcript: Events are flowing thick and fast. Let us look at macros first. A falling rupee. Rising oil. Spiking prospects of food prices. Rising inflation. Looming trade battles. The setting reset has already started reflecting in stock prices. A sharp cut in midcap stocks and indices reflects a clear…
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…
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.…
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…
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…
