Memo 32 - Investing through interesting times! A complete victory over Covid seems at least a few months away, but that has not stopped the stock markets from making new highs yet again. The 2 nd wave made little dent on the markets even though it had much deeper impact on lives & livelihood of large number of Indians. The divergence seems even stronger when we see that unemployment rate in India is stubbornly high but most start-ups are facing unprecedented attrition as well as wage infl...

Memo 31 – Market View: Pessimism, Scepticism, Optimism and Euphoria! The roller coaster of 2020 is resolutely behind us – Covid concerns are fading, life is bouncing back towards normalcy, our favourite restaurants & our household help are back in action, government &central banks are providing unconditional support to the economy and, stock markets are at least 20% higher than pre-Covid levels! One may be seduced to think that it’s surely a party time for investors. Well, life is n...

After almost four years of steady rise, the past few months have been rather challenging for Indian stock markets. The thousands of whatsapp groups which were buzzing with new recommendations every day have become unusually silent; the newspapers and TV anchors are no longer talking about multi-baggers and public personalities are no longer boasting about their winning bets. Let’s take a moment to understand why the euphoria suddenly turned into fear. The damage at the index level looks small (...

11,000 is just a number! We will take the liberty to borrow a few lines from our June 2017 article titled “10,000 is just a number”, where we discussed at length that the Indian stock markets are headed much higher in the coming days. It’s almost a déjà vu as Indian stock markets made fresh highs and NIFTY crossed 11,000 for the first time. As in the past, only a few are celebrating this feat. Through this article, we want to specifically address the three reasons why folks like us are not ce...

While we claim no expert insights or inclination on this topic, the record number of queries that we have received over past two months have pushed us to write on it. The interesting commonality to all these queries is the “left out” feeling. People have almost stopped short of asking"I don't understand anything about bitcoins but is it okay to buy them?  Am I missing something big if I don't buy them?" Again, we are no expert on bitcoins or block chain, so allow us to borrow some insights fr...