Two smart experts from Deutsche Bank had called emerging markets a bubble in early July ‘06 when Sensex was at 10,500. They foresaw a collapse. A monster rally followed
In the Earning Curve section of this issue, we have highlighted that experts and their methods are often wrong in many ways - from college admissions to stock picking - and yet, we continue to rely much more on experts than...
If the government moves to slay the monster of inflation, stocks will suffer collateral damage
A whole new generation of investors and traders has grown up believing that a relentless rise in stocks is guaranteed. When the market falls, it is time to buy. They believe that we are unlikely to see a serious decline of any magnitude soon. Returns may vary from month to month but, at the end of...
There will come a time when emerging markets will have emerged. Has that time come?
In our November 23 issue, we had pointed out that “if the US market sneezes, the emerging market will have a large attack of bronchitis. Or so goes the conventional wisdom. Well, conventional wisdom may be wrong”. By saying that there was a permanent change somewhere, we may have sounded as if we were making a...
