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We are close to ending 2022 and at this juncture it seems that the markets will close in the positive for the 7th consecutive year. The last time we saw a similar 7 year consecutive gain was between 1988 to 1994. The high of 1994 was next broken only in 1999. I hope that we won’t see a repeat of...
Till date one place I have been highly unsuccessful is in the arena of entrepreneurship. Reasons are many but one of the foundational reasons as I understood very late is my inability to bear the pain of losses while continuing to be optimistic about the future prospects. Very few enterprises start off making money right from the word go. Even...
Outside of Twitter, when I meet traders / investors, one word that never is much of a talking point is drawdown. One reason is most investors and traders don’t even calculate a NAV styled return matrix to understand where they stand relative to where they were say a month ago or a year ago. Maintaining performance records gives a deeper...
An extraordinary year has come to a close. The gains for the year is nothing close to the best years and yet, this has been a landmark year for investors. While one remembers years like 2017 or even 2014, this year was way way special. Look at the following chart for example. It plots the average number of securities that...
Finance is simple. Try to earn more than what you need to spend, save the difference as best as you can. That is what my Parents and their Parents before did. They earned, they saved a bit and invested into assets they were comfortable with. I have never been to the United States, but I have read much about the...
It’s been more than a year and Coronavirus is still impacting our lives everyday. Mumbai where the maximum number of cases have been seen is implementing a Night Lockdown. Madhya Pradesh is implementing lockdown on Sunday’s. Punjab and Rajasthan are the other states implementing night lockdown (though I do wonder if there is any scientific evidence to back this strategy...
Not a day goes by these days without someone commenting that the market is ripe for a correction. After all, the economy as we see it through our eyes is worse than at any point we have come across in the past and yet the stock market is rocking. It’s a conundrum that is confusing the best of investors. The...
Portfolio Yoga
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