In your interest.
Online Personal Finance Magazine
No beating about the bush.
Indian promoters manipulate accounts and market prices for two (opposite) reasons. The first is a traditional game, which the majority
of them play – siphoning money from the coffers of a listed company for personal gains. However, in a bull market, a reverse trend starts. Many of them are not interested in suppressing profits. They want to overstate revenues and profits because this boosts...
Why do the portfolios of contra funds look exactly like large-cap diversified equity funds? Debashis Basu provides the answer
When you think of a contra fund, what would usually come to your mind? Funds that stay away from what the rest of the crowd herds into? Funds that would tend to rely less on stocks like Reliance Industries and Infosys? Or those that avoid chasing hot mid-cap stocks...
The consensus was too pessimistic; so that market did the opposite
Last fortnight, we were in the middle of worldwide gloom and doom, made worse by further bad news from the developed world as well as the shenanigans of Indian companies. We wrote that the financial numbers that seemed like a given, were suddenly getting gutted by a changed business climate or funny accounting. The market was...