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That’s what even so-called expert investors suffer from, bringing down their performance In 1979, the Texas legislature required the University of Texas to increase its intake of medical students from 150 to 200. These 150 had been selected by first short-listing the best 800 from the academic...

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With a crowd of companies vying for your money, it might be a good idea to keep your eyes open and your wallet closed, advises Shreedhar Kanetkar Companies raising funds have been off to a great start in 2007. By early February, at least 20 companies had lined up to approach Indian investors,...

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Sucheta Dalal Sucheta Dalal 01 March 2007
The story of how fraudsters used credit card information to purchase airline tickets is giving the jitters to credit card users. Here is how to guard against getting cheated, says Sucheta Dalal Until now, it was the ultimate sign of success to be able to hand over your credit card to a...

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DBS Chola is launching an interesting new scheme called Hedged Equity Fund. It will be a unique product. The fund manager will have the choice to completely hedge the portfolio through derivatives like options and futures when the market is volatile and remove the hedge when the sailing seems...

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Companies are worried about competition. How will that affect your port0folio, asks Shreedhar Kanetkar In November 2006, the McKinsey Quarterly surveyed some 1,300 executives in 100 countries. All were responsible for big decisions; one in five was from the finance department. They were asked,...

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Debashis Basu Debashis Basu  and   Shailendra Lotlikar 01 March 2007
Each of these stocks figure in the holdings of only one scheme of fund houses. What attracts a fund to these stocks? Should you buy them in anticipation that other funds would come in and take the price up? Debashis Basu and Shailendra Lotlikar analyse Fund managers are supposed to be...

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Interesting stories and valuable lessons from the trading life of five top speculators The title is probably an exaggeration. After all, who can conclusively prove that these five were, indeed, the greatest stock traders of all time? Why Gerald Loeb and not Jim Rogers? Why Nicolas Darvas and...

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What if a book is researched extensively, written beautifully and yet ends up with weak conclusions The premise of this book is simple. According to the authors - Stephen Davis, Jon Lukomnik and David Pitt-Watson - there is a “worrying gulf between citizens and globalized corporations”. After...

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This is the season for fund houses to launch new schemes. But is that precisely why you should avoid them? What if you had bought the new schemes launched during this time  last year? Analysis by ML Research Desk The past three years have been the most memorable in recent market history with...

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Recovering from chemotherapy, multiple surgeries, including brain surgery, Lance Armstrong went on to win the most gruelling athletic event. It was all in his mind! Lance Armstrong is winner of professional cycling’s most gruelling race (a three-week, 3,000km run through the most arduous...

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Today, when I was going through daily newspapers, I found Mr MK Narayanan, National Security Advisor, making a shocking disclosure that stock exchange operations were being used to fund terror. Some of the companies running bogus businesses had been traced to terrorist groups that have...

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What you make does not depend on what the fund makes but on how you behave, finds a study on mutual funds It is bad enough that mutual funds have an uphill struggle to beat the indices. What makes the investment returns from funds worse is investors’ own behaviour. A recent study by Dalbar,...

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SEBI has barked but has forgotten to bite Recollect the innumerable headlines of 2005 and 2006, when SEBI Chairman M Damodaran, still new in his role as capital market watchdog, had threatened not to extend the date for compliance with Clause 49 of the Listing Agreement irrespective of the...

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If the government moves to slay the monster of inflation, stocks will suffer collateral damage A whole new generation of investors and traders has grown up believing that a relentless rise in stocks is guaranteed. When the market falls, it is time to buy. They believe that we are unlikely to...

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Jet Airways is probably the best Indian airline with a clear market leadership, especially among corporate customers, the highest-paying category of air travellers. But business is tough. On the one hand, there is rising competition from low-cost carriers (LCCs) and, on the other, higher...

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This year promises to be tough on banks that ignore their customers. Apart from the Reserve Bank of India (RBI) focusing on systemic changes and tracking grievance redressal, the National Consumer Disputes Redressal Commission (NCDRC), which is India’s apex consumer forum, presided over...

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Tanushree Kar reports on the remarkable  initiative of a top design expert, Vanamala Jain, to train women living in slums in the art of pottery One person can make a difference - perhaps the adage can be applied perfectly to Vanmala Jain - a teacher, entrepreneur and homemaker. Her interest is...

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Consider these 5 factors before you do so I just read a news item about a senior executive shifting from company A to company B and 'poaching' people from company A. This is hardly front-page news since it has been a well-known phenomenon for a long time. Senior people who change jobs attract...

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Sucheta Dalal Sucheta Dalal  and   Debashis Basu Debashis Basu 01 March 2007
ML: We always start from the beginning. What are your roots? AB:I come from a town called Cannanore, which is on the northern tip of Kerala, part of an area called Malabar. It is historic for many reasons. It is just 60 km from where Vasco Da Gama landed first. So it was the earliest point...

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The RBI is trying to combat inflation by raising interest rates. It is also specifying a higher risk-weightage for bank loans to the real estate sector. How would this affect the real estate market? According to bankers’ estimates, about 16% of the total bank credit goes towards funding...

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