Sucheta Dalal on the strange turn of events that has elevated CB Bhave to the chairmanship of SEBI and what it means

Never underestimate the power of providence and the quirks of fate. It is a lesson that M Damodaran, the outgoing chairman of the Securities and Exchange Board of India (SEBI), may have cared to learn as he handed over the baton to Chandrashekhar Bhaskar Bhave, 57. Bhave’s...

Peter L Bernstein is an economist and a money manager. But
he is also a rare writer. He picks financial topics and makes
them come alive through a lively narrative, weaving history, anecdotes and interesting characters. Some 15 years ago, he had written Capital Ideas: the Improbable Origins of Modern
Wall Street, a priceless history of modern investment theory shaped by thinkers such as...

In the last issue of MoneyLIFE (28 February 2008), this writer had argued that it was unlikely that the Sensex would fall below the 17,000-17,500 level on a weekly-closing basis in the extreme short term. For the week ended 15 February 2008, the index closed at 18,110, after giving another scare during the week – it had fallen sharply to an intra-week low of 16,608 on 12 February 2008....