Brace for negative returns in 2018

Predicting stock markets is a futile exercise. You only need to compare historical predictions versus actual market movements to come to this conclusion. When bulge bracket investment banks and powerhouse economists with their multi-factor models of staggering complexity get them wrong more often than right, should the rest of us even bother trying to predict markets? No, we shouldn’t. At least not to time entries and exits. In preparing for battle, I have found that plans are useless, but planning is indispensable – Dwight Eisenhower Replace “plans” with forecasts, “planning” with forecasting, and “indispensable” with “mildly useful”, and that’s how

Read more

Read this before deciding your 2018 investment strategy

What a week for the markets! Drama from the Gujarat elections injected volatility, but overall stocks rose dramatically through the week. 82% of stocks listed on the NSE rose during the week. To put it another way, for every stock that declined, nearly five rose during the week. The markets are up nearly 30% in the last year and some stocks have outperformed indices by several orders of magnitude. No wonder that the investment industry is India’s true sunshine sector currently. As if on cue, more than a handful of experts can’t stop but wonder aloud about the sheer brilliance of

Read more