Should you invest at market highs?

This post was first published on capitalmind.in Indian markets have been making new highs lately. Naturally, the most frequent question doing the rounds is: Should you invest at market highs? The question tends to be phrased as “Isn’t it just plain dumb to be investing at market highs? Should I a) stop investing more and … Read more

What Cathie Wood gets right

So, Cathie Wood, in a recent Bloomberg interview, predicted Bitcoin will be $1 Million by 2030.

For reference, as of writing, BTC is $16.5k. So, about a 6000% increase from here.

Like with most things she says, a reaction-frenzy follows. It makes you wonder why a fund manager, down over 60% for the year, would make such an outrageous prediction. Why not a sedate $100K, which would still mean a 600% increase?

The BTC $1M prediction makes perfect sense when you unpack Ark’s marketing strategy.

The futility of analyst recommendations

We analysed over 2,000 analyst recommendations (upgrades and downgrades) made by institutional equity analysts over the last ten years for the 50 Nifty stocks. We measured the 60-day return on the stock after the recommendation to see how those analyst recommendations fared.

Here’s what we found

Keep your investing identity small

Instead of thinking of our chosen investment style as a fortress to be defended from attacks at all costs, maybe think of it as an idyllic picnic spot. We happened to find one on a stroll, put down our blanket, and enjoyed a leisurely lunch. We will be ready to move on because we know we can return. But for the duration we’re there, we probably won’t be sending up flares announcing its location to the world.

Health advice that’s worked for me

No Net Worth number compensates for needing a neck, back, knee brace or medication to get through the day. The good thing, unlike time, being in the best physical / mental state you can be is not a perishable commodity. Fitness and working out are different for everybody. It takes more work depending on how … Read more