Bull markets rationalise every event and count it as a positive

The markets have been on a tear, since late August. The run-up has been so sharp that I feel giddy. Liquidity is part of the reason, but contributing to it is the solid corporate performance and the changed circumstances in other markets. How have changed circumstances elsewhere helped us? The India story has not yet been...

SBI has many valuable parts. But the Bank does not want you to know them

One of the newspapers recently carried a report that more than 100 companies are trading at a P/E of over 100. However, the report left it at that, without bothering to find out possible reasons for it. One reason could be the hidden value of subsidiaries or other investments that the market may be factoring in and not...

In a bull market nobody reads annual reports. If you do, you can come up with interesting stuff. Look at some details of a hot stock Bartronics

In today’s world, it does not pay to read the balance sheets of companies.
If you have that bad habit, you will not make money in the market. That was the quick lesson that came home to me very recently. I met someone who had purchased shares of a...