Losers’ Game
R Balakrishnan on ideas for smart savings  and  investing 08 October 2009
On saving and investing prudently, explains why and how investors lose in IPOs
 
I wonder why retail investors are lured to IPOs like moths to a flame. Is it a new set of investors? Or are they the same who have forgotten the lessons of two years ago? Or do they think ‘it is different’ this time around? In any IPO, the investor is fighting a losing battle against a deadly combination of...
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