Fund management is a business, like consumer products. So, just as Lux of Hindustan Unilever comes in many variants, so do funds. About two years ago, a new fund flavour hit the market: global investing. A rash of funds appeared which claimed to make money for you by investing in a Korean or a Canadian stock. Fund companies may not know much about the value and price of Indian stocks but they...
Job losses in financial services have been savage
The slowdown is on in full swing. Everyone I meet is privately worried about business and jobs. Businesses are preparing for a slowdown by chopping costs. Unfortunately, in the services sector, chopping costs invariably includes layoffs. Layoffs are more evident in financial services. The scale of layoffs is frightening. From a few hands to a...
The US is a land of stock newsletters. There are hundreds of them advising investors on what to buy and sell. They use a variety of strategies and techniques to recommend stocks. Guess which is the best performing one recently? It is one that relies on astrology! Yes, Crawford Perspectives run by Arch Crawford.It’s recommended stocks were up a breathtaking 36% between January and October,...
