A voice of sanity and wisdom among all the noise in an environment of pessimism – here is a note from HDFC Fund Manager Prashant Jain sent out to investors.
Of Skill, Luck and the Absolute Relative Paradox
Last weekend, my friend Swami complained over coffee to my broker friend Jigneshbhai: “For the past 3 years, your favorite fund manager, Prashant Jain of HDFC Mutual Fund, has not beaten the market index, and you told me that he manages the best performing funds in the country.” Clearly Swami was not in a good … Read more