Can you turbo-charge your SIP using a market-timing formula? Jason Monteiro shows how to get...
Finding high-quality stocks at cheap prices
Investors constantly look to pick quality stocks at cheap prices. Although this sounds simple, it’s difficult for investors to overcome their behavioural biases. Quantitative Value (Wiley; $85; pages 274 ), a book by two money managers and investment bloggers, Wesley Gray and Tobias Carlisle, discusses a quantitative methodology that utilises the approach used by successful value investors—Benjamin Graham, Warren Buffett and Joel Greenblatt, to create a system that can beat the overall market. Gray and Carlisle time tested the ‘Magic Formula’ described by value investing guru, Joel Greenblatt, in his book The Little Book that Still Beats the Market (reviewed in Moneylife). The Magic Formula focused on picking stocks based on return and valuation. The duo uses this formula and improves on it to create their quantitative model.
Electronic postal order is a big achievement for Indian citizens abroad who have been pressing the government for the last five years to facilitate them in nation building by exercising their right to know
The Postal department (DoP) has launched Indian postal order in electronic format (eIPO) that would help Indian citizens staying abroad to pay fees for their Right to Information (RTI) applications.
This facility is available at https://www.epostoffice.gov.in and India Post website www.indiapost.gov.in. Debit and credit cards of any bank powered by Visa or MasterCard can be used for buying eIPO online.
Indian citizens settled abroad were finding it difficult to seek information under the transparency law, as a postal order or demand draft of Rs10 was not easily available.
The applicant needs to register on the website to create his/her profile for the first time. He has to select the ministry/ department from whom he desires to seek information under the RTI Act and the eIPO so generated can be used to seek information from that ministry/ department only. A printout of the eIPO is to be attached with the RTI application sent in a hard copy. In case the RTI application is filed electronically, an eIPO is required to be sent as an attachment.
Delhi-based activist Commodore (retd) Lokesh Batra, steered the eIPO campaign for Indians living abroad in several countries. (Read 2013 wakes up to online payment of RTI applications for Indians abroad).
Commodore Batra had been continuously filing RTI applications since 2008 to relevant government departments which handle this issue like the ministry of finance, the Department of Personnel and Training (which implements the RTI Act), the Department of Posts (which can make e- payment possible), the National Advisory Council (NAC) and the Prime Minister’s Office (PMO). While initially the DoP had taken initiative to hasten the process, the RBI was sitting over it. Thereafter the DoP was waiting for a green signal from the ministry.