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The biggest news this month was the meltdown of the Crypto Exchange – FTX. FTX was not just any Crypto Exchange but at the peak was the second largest exchange and backed by the who’s who in Venture financing. Venture finance is risky with very few outliers making up for the losses of the majority of ventures that are backed....
On Twitter, one is known more by the number of people who follow you than by what you have accomplished. A fund manager who manages thousands of crores in active funds and who is one of the few who has been able to beat the benchmarks, whose tweets are mostly data based is followed by a fraction of what many...
For #Fintwit India , the favorite whipping boy for a while has been Momentum. While its usual to get whipped when one is on the losing side, this time around even winning doesn’t seem to matter for the guys who follow this methodology are being whipped for paying taxes on their profits. Most of the persons on the other side...
Outside of finance, there are few fields where there are so many intermediaries who try to provide solutions for every aspect of one’s finances be it personal finance or corporate finance. In the United States, you have Mutual Funds, Registered Investment Advisors and Broker Dealers who perform activities with regard to providing advice to clients with respect to investments in...
As with any other beginner, when I started off in the market, I was a Bull. I saw friends short stocks but never got enthused. Long stocks are good in bull markets but bull markets end and when it did and we went into one of the longest bear markets I have experienced (2000 to 2003), I migrated to a...
While everyone wants to take the road not taken, safety lies in the road everyone takes. Fund managers would rather be called out as closet managers than be criticized or worse fired for striking a new road which unfortunately did not lead to expected returns. Momentum has been around for a long time if you were to consider evidence from...
In Momentum strategies, one of the ways to reduce churn is to implement a worst rank held strategy. Let’s assume that the strategy picks the top 30 stocks. In the coming month if one of the stocks that is currently part of the portfolio (previous month being ranked in the top 30) is now ranked 31? Should you remove the...
Portfolio Yoga
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