Buffett’s Pretences

 

 

There is a halo around Warren Buffett. But astute observers have noted that he is often hypocritical and self-serving. He is known for many smart quips. For example, he has said that "the time to sell is almost never." He is also quoted as saying that it does not matter to him if the stock market remains shut for the next five years. The pretentiousness of these statements is...

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  • Presidential Market Cycles

    In the US, analysts try to link stock price movements to a variety of factors such as how stocks do in January or to specific after-events like disasters or war. One idea is to link stock performance to the “presidential cycle”. The theory is that the stock market goes up and down in line with the four-year presidential term. The logic is that the market declines after the new president is...

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  • Even RBI Can’t Check Fakes!

    What does an ordinary person do when even  the Reserve Bank of India (RBI) cannot check fake currency? In a shocking revelation, MoneyLIFE learns that fake currency worth Rs17,000 was remitted from RBI to ICICI Bank at Hyderabad. So far, it was RBI that had been pulling up banks on finding that their currency chests contained fakes. But the remittance of fake currency from RBI itself suggests...

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