The legendary 19th century US trader, Daniel Drew, has been quoted as saying that “The way to make money in Wall Street is to calculate what the common people are going to do, and then go and do just the opposite.” Drew was underlining the importance of independent thinking while making investment decisions and nothing has happened to change this from his time.
At the time Daniel Drew...
One of the indicators of a market bottom is the cash available with mutual funds, other institutional shareholders and retail investors. According to one estimate, the cash horde as a percentage of market value of shares is now at the highest level in almost two decades, even as US equity indices posted their worst year since the Great Depression. Does this mean that stocks are due for a ...
Kentucky Fried Chicken (KFC) opened its first restaurant in China in 1987 that too in Tiananmen Square, Beijing. To KFC China, this is as sacred as Ray Croc’s monumental first Mac outlet in the Obama county. KFC expanded its network to 100 restaurants in the first nine years and 1,400 in the next nine years in a “structured process of move from rich east to rural west.” The vision is to...
