“Who is this S&P?” asked my South Indian friend Swami to my broker over a cup of coffee. Swami, who generally spends time with his family over weekends, suddenly called me on Sunday afternoon, and said he wanted to meet my broker friend Jignesh who knew a thing or two about investing. I was not … Read more
I don’t know about you, but I must tell you how sad I felt for the Indian cricket team yesterday. The world champions in one day cricket and the world’s number one test side were put on the mat by the English team. So I decided to drown myself in some beer along with my … Read more
“Are you a vegetarian or non-vegetarian?” asked the waiter at the hotel to my South Indian colleague Swami. This question always confuses him. “I am a vegetarian mostly, but I can eat chicken, except on Tuesday and Friday. So it depends on what everyone else is ordering”, he replied. Such responses always confuse waiters in … Read more
Human motivations are complex to understand, and sometimes funny when experienced. Yesterday a colleague of mine relentlessly kept on enlightening me on the so many bad things about his job. He started with how things were getting from bad to worse, and how they could get even worse going forward. On how he was never … Read more
Over the past few days, I was privileged to have read another masterpiece of a book – “Common Stocks and Uncommon Profits” by the legendary investor Philip Fisher – the father of growth investing. A complete opposite of Graham and the theory of value investment, Fisher proposes a set of 15 ‘scuttlebutt’ principles that work … Read more
“It is far from certain that the typical investor should regularly hold off buying until low market levels appear, because this may involve a long wait, very likely the loss of income, and the possible missing of investment opportunities. On the whole it may be better for the investor to do his stock buying whenever … Read more
Avada Kedavra said Voldemort for the last time yesterday, and in the final battle, when the curse rebounded, it signified the last victory of Harry over his evil bete noire. The audience applauded heartily for the final time, and as my son and I left the cinema hall, he was left with an empty feeling … Read more
Travellers on Indian roads would be very familiar with this sign. Almost every truck, specially the big inter state ones that cross highways, has this funny term written behind them “Horn OK Please”. I have seen it often, and have never quite understood its significance. Having asked a few people, even they seem to be … Read more
“If we assume that there are normal or standard income results to be obtained from investing money insecurities, then the role of the advisor can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their … Read more