Too many people attribute their success to their own skill. At some point, when everyone is working their asses off, you begin to wonder if success has quite as much to do with talent, effort and skill, as it does with being in the right place at the right time.
People like Samir Arora of Helios have done incredibly well in the markets. However his tone in this […]
Firstly, apologies for the small hiatus in posting. I am consulting with ICreate, a company that does banking BI (and is founded by two close friends, so excuse my glorification), and we’re trying to do great things in a compressed time-frame. And then I have the young V and the younger Z that demand my attention at home, since they are largely confused about what this whole "going to […]
The BSE cancelled all futures trades in its recently introduced derivatives segment, on Mahurat Trading on 26 Oct.
It was rumoured that using algolrithm trading methods-high frequency intra-day trades using software-a Delhi-based broker had played havoc with sensex futures. While the low for the day in sensex futures was 14,000, compared to the sensex close of 17,289 in the cash segment, the average price for […]
Network 18 has something funny going on. According to me, the company is helping its own promoters buy more shares.
Let me put forth some evidence. […]
A tweet from @inquestioner went “Scary,34 million joined the ranks of the poor in India because of the recession that everyone was in denial of.UNDESA figurs.”
I usually find these figures very global-warming type – meaning, highly suspect and jugaad methodology – so I thought I’d investigate. In the “World Economic Situation and Prospects, 2010” report, Page 35, they say:
Rediff’s article: Stay calm, don’t panic by Anil Rego try to mollify investors who got in at the peak of a bull run that it’s all ok, the Sensex recovered really fast after that.
As one can see, someone who invested in peaks, saw troughs, but if s/he had waited patiently would have gained significantly from the stipulated levels at which s/he had bought. Another key point […]
Late yesterday Satyam’s founder Ramalinga Raju, who has been looking at the company’s war chest sitting idle when there are good uses of the damn money, decided to take action. The best thing to do, he and his board decided, was to buy companies named the mirror-inverse of Satyam, i.e. Maytas.
For $1.6 billion, Satyam would buy Maytas Properties ($1.3 bn) and Maytas Infra ($0.3 bn) and get into the “infrastructure” […]
Business World has an article on the RBI: “Lost in Minutiae“. I find glaring inconsistencies in the article, like:
The latest measures of the reserve bank of India (RBI) giving banks access to more cash at lower interest rates will no doubt be welcomed by the market; a market does not exist which does not love handouts. What is important about the measures, however, is what they tell us about […]