Indians are proud of their recent economic prosperity; at least, they were, until recently. To the constant drumbeat of stock market economists, assorted academic pundits and short-sighted businessmen, we have come to believe that the West is in decline and the East’s audacious ascendancy has started. That rise is supposed to be led by China and India. However, the fact is that economic...

One of the rare hedge fund managers who has come out making loads of money in the recent financial meltdown is Andrew Lahde who founded Lahde Capital Management LLC with US$10 million two years ago. But having made an 870% gain last year and more this year, Lahde is quitting the game with a fine parting letter to his investors. Here is an abridged version of the letter.

“Today I write not...

None of the A-graded stocks emerged as an outperformer this fortnight. We have deleted six stocks from the list and added an equal number

Winners
Among the momentum stocks, none of the A-graded stocks emerged as an outperformer this fortnight. Education solutions provider, Educomp, which was B-graded, rose 37% during the fortnight, as it posted an amazing 122% growth in operating profits for...