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I recently completed reading this fabulous book, generally I try to review the book, but this time I have shared some quotes from the book and they are absolutely hilarious: –

“Doubt is not a pleasant condition, but certainty is an absurd one.” -Voltaire

“Daryl Morey suggested a new definition of the nerd: a person who knows his own mind well enough to mistrust it.” (31)

“Danny said, “I’ve always…

Where will be markets on Tuesday ..The Banaras Nifty

Now that Modi is having the last laugh, here’s the list of Taleb’s aphorisms that he needs to dish out to the pseudo intellectuals and the snake oil salesmen who argued that his demonetization policy move would spell death-knell for him in electoral politics:

People feel totally lost (& deep anxiety) finding out that someone they held for stupid is actually more intelligent than they are.

Risk…

Post Budget Analysis in Advance

Today is the biggest political economic event of India the yearly govt. Budget 2017, It has been always the biggest sales event by the media and every year the projections, expectations are on the rise.

The following will be the reactions to the budget to be presented even before analyzing it .

BJP – Path breaking, pro-farmer & will help the last person in the society.

Congress – Anti-poor & will…

Genius of Warren Buffett with comments:

I’ll give you some examples, followed by comments. Since this article is about learning, let’s start with this:

“What we learn from history is that people don’t learn from history.” When investors get either too fearful or too greedy, they sometimes hide behind the notion that “This time it’s different.” Usually they regret it.

On fear and greed

“Two super-contagious diseases, fear and greed,…

Just Say No – 2017 Resolutions

Wishing all my readers a very happy and prosperous new year . It was a long 2016 year end vacation .

Here are some of the bad financial habits that one need to give up in 2017 by saying No :

Don’t carry a credit card balance.

Don’t invest in high-turnover stock funds.

Don’t trust brokers when their lips are moving.

Don’t forget that a high potential return means high risk.

Don’t buy a home if you…

Where is India headed ?

Here are some dashboard points that I expect after the clean up of  the old currency  what we can expect on the Indian economic scenario :

A huge amount of around 15-20 lakhs crore of black money would be identified

We will see a bump of 8 to 10% in deposit with banks

Out of the money identified 15 to 20 lakh would be withdrawn over a period of two to three months

Substantial amount of money…

Some Lessons from the currency invalidation in India

Change is Sudden Everybody is concerned about the overnight action making high value currency invalid across India. Nobody saw it coming; or was prepared; or had even any idea of its happening. But there is something else which we know will surely come, but are not sure when, where and how – that is death. And it will come even more stealthily than this! We had 4 hours advance notice for this –…

Do not Panic if your Money is Legal

Sharing an important Circular from RBI and GOI, Please do not panic and understand the motive behind this great initiative:

The Government and keeping in view the need to minimise inconvenience to the public, the following operational guidelines have been issued:-

Old High Denomination Bank Notes may be deposited by individuals/persons into their bank accounts and/or exchanged in bank branches or…

Rebooting from the Risk – Return and Disappointment theory

Back from the long Diwali holidays, time to reboot on the markets, long breaks are always good to revive and get some thoughts from your near and dear ones.

On the way back from Bhopal to Mumbai, some fellow passengers were curious about the markets and the train was late as much as 6 hours. It was a holiday special train and passengers paid a premium to board the train compare to other routine…

This is interesting peace I got from an anyonomous source , but worth reading regarding the feel on BREXIT, if it would have been the case of divorse :

Hard Divorce: You lose the house, money, everything, and have no access to kids

Soft Divorce: You get access to the kids, but don’t expect any sex or anything like before. It’s different now (more…)

Yes you can beat the benchmarks? Even after getting it wrong

I have always said that equity have outperformed every asset class provided it has been done for long term and continuous investment been made with basic checks.

Is it so bad to see some stocks fall hugely? We have seen a number of stocks roll over and play nearly dead, losing more than 90% of their value in a few years. And then we thank our stars that we don’t own them. (And if we do, we don’t…

Mutual fund is still an untapped market in India, Although India has more than 50 AMC (Asset Management Company) operating with more than 20,000 odd schemes.

When it comes to investing I always say that Equities have out-performed other investment asset classes over the long-term in India as well as globally. With growing maturity, retail Investors in India have begun to realize this and also…

Let your Profits run and cut your Losses short

In one classic experiment conducted by Daniel Kahneman and Amos Tversky, pioneers in the field of prospect theory, subjects were given a hypothetical choice between a sure $3,000 gain versus an 80% chance of a $4,000 gain and a 20% chance of not getting anything.

The vast majority of people preferred the sure $3,000 gain, even though the other alternative had a higher expected gain (0.80 × $4,000…

Is the 2008 Lehman Moment Back ?

Analyzing and reading the experts view on the current situation of Deutsche Bank to that of Lehman Brothers in 2008.  Many of them are emphasizing and argue that 2008 is back.

I will argue that the current situation is the iconic milestone of the clear END of the 2008 crisis. Here is my argument:

What was the Lehman Crisis about? In September 2008, we were facing an under-regulated banking sector…

Why you should invest rather than save

Here is an anecdote between investing and saving , Savings are anyway always killed by the inflation considering the time value of money,

You may lose some or all of the money you invest depending upon your planning and risk appetite . You can earn interest by putting money in a savings account, but savings accounts generally earn a lower return than investments. Investments have the potential…

Can you control the Market ?

Someone asked me what your view on the market? my response was it will fluctuate. Some experts feel there is a breakout around the corner, some of them carefully waiting for the Fed policy this Friday. While some of them feel there will be a correction.

Global events are an integral part of market now, you cannot control these events neither can devote your full-time in predicting these events.…

I will be greedy when others are fearful – Is that easy ?

In the financial market arena everyone is pundit and everyone has a say on one market or the other, sharing some of the unfortunate truths about investing some of them are from the past, and they stand true with the present scenario

Saying “I’ll be greedy when others are fearful” is much easier than actually doing it.

The gulf between a great company and a great investment can be extraordinary.

M…