1. Only when the tide goes out do you discover who’s been swimming naked. 2. A public-opinion poll is no substitute for thought. 3. Beware of geeks bearing formulas. 4. Derivatives are financial weapons of mass destruction. 5. Never ask a barber if you need a haircut 6. I never attempt to make money on … Read more
Again continuing on Benjamin Graham, this weekend I was privileged to have read a book by this title “Benjamin Graham, Building a Profession”. It is a collection of rare writings by and interviews with one of financial history’s most brilliant visionaries. The book presents Graham’s evolution of ideas on security analysis spanning five decades. Particularly … Read more
Continuing on the topic of investing wisdom from Benjamin Graham, here are a few more excerpts from the Master’s writings. 1. On Portfolio Policy: We are thus led to put forward for most of our readers what may appear to be an oversimplified 50-50 formula. Under this plan, the guiding rule is to maintain as … Read more
Peter Lynch was a mutual fund manager for Fidelity Investments, famous for managing the Magellan Fund from 1977 to 1990. He often was a proponent of the theory that individuals were better placed than institutions to identify good investments. He was also author of two famous books, One Up on Wall Street and Beating the … Read more
Benjamin Graham, widely known as the Father of Value Investing, was a professor and an investment manager. Known as the founding father of the profession of security analysis, Graham wrote two of the most valuable books in the area of investing: “The Intelligent Investor” and “Security Analysis”. Credited by Buffett as the key influence on … Read more
“The ocean in Mauritius is just wonderful, blue-green and pristine. Truly is a paradise island”, said my South Indian friend, Swami who had just been back from his vacation. One of the few times I had seen him happy, without much to complain about. Just when I thought he was in a good mood, he … Read more
Both Jigneshbhai and the wife are big SRK fans and despite the not-so-rave reviews, watching Ra.One was always a given. So we did contribute to its collections today. But honestly as I left the cinema hall after it finished, I said to myself – the special effects and action were quite awesome, definitely by Indian … Read more
My simple-hearted friend Swami was in a restless mood the other day when we met over coffee. ““कृपया प्रतीक्षा करें, आप कतार में हैं” – isn’t that what they said, when you called customer service numbers in those days?” he asked us. “Some of them said ‘Please wait. You are in queue’,” my wise friend … Read more
“Have you seen that play called ‘Waiting for Godot’?” asked the wealthy man living in the sprawling bungalow next to my house. He was known to speak sparingly and in a cryptic manner when he did. We had just met him at a common friend’s wedding reception. “Have heard and read about it, but never … Read more