“The true investor scarcely ever is forced to sell his shares, and at all other times he is free to disregard the current price quotation. He need pay attention to it and act upon it only to the extent that it suits his book, and no more. Thus, the investor who permits himself to be … Read more
“One of the things that I learnt from the recent anti-corruption movement is that I think there is a generation of Indians who are the ‘in-between’ generation” said Jigneshbhai when we met for coffee last week. Swami and I started wondering what this ‘in-between’ generation means. Every generation is in between two we thought. While … Read more
‘All of humanity’s problems stem from man’s inability to sit quietly in a room alone’ – said Blaise Pascal. On those lines, there might be some truth in extending it a bit – ‘All of a nation’s problems perhaps stem from their parliamentarians’ inability to sit quietly and agree in a room together.’ If only … Read more
A lot of financial planning is geared towards basically creating a corpus for a goal like retirement which can replace your current income stream in inflation adjusted terms. And it is all good when they profess getting out of debt; preach high rates of savings that are put in a manner across asset types to … Read more
“A truly conservative investor will be satisfied with the gains shown on half of his portfolio in a rising market, while in a severe decline, he may derive solace from reflecting how much better off he is than many of his more venturesome friends.”- The Intelligent Investor The best portfolio strategy for an individual investor … Read more
My friend Swami had a new reason to complain since this morning – the rains. “I really got caught in the rains today – it was really bad, the weather, roads and traffic”, he told me as I met him today. Monsoon in Bangalore is, at best, mild, so a steady bout of rain in … Read more
I often wonder what a worse condition is to suffer from – diabetes or heart disease. And what is easier to live or die with. Like the wife says it is easy to fix heart disease if it is only that. You may be able to detect it before you get a heart attack and … Read more
“Are there better than average funds and can the investor select these so as to obtain superior results for himself? Obviously, all investors could not do this, since in that case we would soon be where we started, with no one doing better than anyone else.” – The Intelligent Investor For the equity part of … Read more
“Who is this S&P?” asked my 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 quite sure … Read more