We want consistency and we love predictability. The world however does not care about our preferences, our need for linearity is rarely satisfied. What appears to be more common is the step function. Financial markets work this way. If you had missed 2014, 2017 and 2020 in the Indian equity market, your return through the…
There is a whole industry at work attempting to simplify investing to a simple set of rules which, if followed, can lead to reliably good investment outcomes. The narrative goes like this – Reminds me of this campaign in the US. Except that the average gym rat who followed this advice to a T over…
The quest for the next “multibagger” stock has sunk more retail investor capital than has any other theme in the Indian market. The allure of this theme is very primal, that is why it has so many takers who often defy logic and common sense in a rush to deploy capital into the next “potential…
I once had all of my money sitting in my savings account earning a measly 4% p.a. for almost 15 months. That is what being a corporate coolie can do to you. Point is we all begin somewhere, but begin we must. You don’t become a better boxer by practicing shadow boxing. I’ve had my…