Economic news will turn speculative in the coming weeks. We will either be sold hope or fear depending on the intent of the newsmakers. The budget will always be an event around which volatility will be more, the speculative activity will rise, guesswork will be dominant, and the excitement quotient…
“In the short run, a market is a voting machine but in the long run, it is a weighing machine.” – Benjamin Graham Where are markets headed in the post-election scenario?
The extension of single party rule in India is now clearly off our radar. The 2019 general elections will be won on the strength of alliances. Obviously, the ruling party will need to reboot its strategy while the opposition suddenly seems to have begun its preparation earlier. As investors, we…
The FIIs are back. November clearly showed a change of mind. The DIIs continue to receive money from domestic investors. It is in this scenario that we go into the last phase of state elections. If the verdict in the five states is not too adverse, we could see a…
Podcast Transcript Mindful investing can at first glance sound abstract. When we define different ways of investing, we mostly find empirical ways of describing them. We quantify why we want to do something. We are able to rationalize our thoughts clearly through numbers. That makes it easy to reason.…
Investment Strategy: As we move into a rising interest rate scenario, the focus shifts to high-quality low-volatility investments. Our strategy has been to construct a layered portfolio by locking into high-quality investments at different yields. At this juncture, short-term AAA investments make the most sense. Contact us if you would…
The rapid decline in oil, over the past few weeks, has really mixed it up for the markets. Investors who took a certain view of the macros just a month ago when oil hit $85 are now forced to hurriedly review their position. This must be quite harrowing as investment…
Being Contrarian is never easy. Most of the time, the Contrarian makes choices that are very different from the consensus. Given that consensus is far more powerful, a Contrarian has to withstand time and performance pressures for a very long time. Only if he holds steady, can he benefit from…
Podcast Transcript There is more to investing than just generating returns. There has to be a larger purpose. Investing is not a game we play to prove our self-worth. It is not something that can be done casually. But, most of us associate investing with just making money. In…
Have you ever tended to a garden? As a gardener, you would ensure that your plants get enough sunlight, water, and nutrition. But, there is an inherent expectation that your garden will flourish. Imagine you received a handful of seeds. You were told that these seeds would eventually grow into…
Recency bias hurts the most when a bull market ends. We tend to buy investment ideas which did very well in the recent past. This happens across the board. The stocks in favour remain the ones which hit recent highs and gained the most in the past year. We tend…
Podcast Transcript Every portfolio often needs validation. Our ideas are constructed in a particular context and we find that soon thereafter the market context changes dramatically. My own experience from previous bull runs is what comes to mind. When we come out of a bull market, we tend to think…
