Two years ago, on a whim, David Einhorn entered the World Series of Poker, the card game’s most prestigious annual tournament. Einhorn wasn’t much of a player. He joined a live game every two or three months and only occasionally ventured online. Nevertheless, Einhorn won more than $650,000, finishing 18th among more than 8,000 entrants. He promptly announced that his winnings would go to the...
Here is a lesson for investors. A combination of the best corporate brand, outstanding innovation and aggressive acquisition is not enough for you to make money. Tata Motors is a showpiece of Indian innovation, ‘right-pricing’ of products and great manufacturing skills. If its success in creating a new car platform and the market success of Indica and Indigo drew approving nods from global car...
For the week ended 11 April 2008, the Sensex closed at 15,807.64. Until now, the index has held above the 15,000-15,500 levels, which is approximately the half-way mark between the (weekly) all-time high of 20,827 on 11 January 2008 and 9,810 on 9 June 2006. While we stand by what we had previously said – that we are not in a bear market – we cannot still conclude that the bearish phase in the...
