Investing

Imagine being father to a daughter who’s just cleared her entrance exam to get into the country’s best engineering college.

You are elated, and proud as your daughter would be your family’s first engineer, and that too from a coveted college.

Then you get the news that the college has decided to do a re-test for students who failed to qualify, and that the selection process would be done again.

Would that disturb you?

Now, what if you come to know that the re-test has been forced by a few politicians whose sons and relatives failed to qualify?

What justifies a re-test of those who could not qualify? How can the college support those who failed to clear the hurdle to get a place in it?
[Read more…] about God Save The World…And The Investors

Some call him Warren Buffett’s alter ego. Some know him as Buffett’s quirky business partner. But whatever he is called, Charlie Munger is ‘the’ original thinker and the silent man behind the success of Buffett’s investment company Berkshire Hathaway.

Ask people about Berkshire Hathaway, and most will tell you that it’s Warren Buffett’s company, which is true as far as it goes.

But those in the know recognize that Berkshire’s success is actually the product of a tag-team effort by Buffett and Munger.

The small talk between Buffett and Munger during Berkshire annual general meeting has become folklore.
[Read more…] about Conversation with Charlie Munger

These are the words of Philip Lynch, the chief executive officer of Nomura Asia Holding, who talked to Economic Times.

India is the ‘place to be’ for long-term investors, believes Lynch. “Just cheer up… it’s not so bad out here,” is his advice. As he says:

“Not everything is bad… to list a few positives, corporates are in good shape, leverage is low and corporate cash balances are high. I don’t think governments will allow asset prices to decline beyond a point. Quantitative easing might be coming to an end, but governments will make sure there is enough liquidity and fiscal support. I am not saying that next year or year after that will be particularly smooth sailing for Asian countries. But then, if you want long-term opportunities, Asia, in general, and India, in particular, are the places to be.”

[Read more…] about “Just cheer up… it’s not so bad out here.”

If you are a stock market investor, no wonder you think the game is rigged against you…

No wonder you think the financial services industry is a racket, and the stock market is a game reserved only for the chosen few.

No wonder you think the stock market experts appearing on business channels try to lure you into stock advice that can serve their own vested interest.

You didn’t need the recent stock market crisis to tell you that. However, what you may not realise is just how devastating dishonest and biased stock market advice can be to your long-term wealth.

Before it gets too late, you need to rail against this deep-rooted systemic injustice.

I propose a simple solution…
[Read more…] about You’re fighting a losing game