Author Archives: Fauji

FOOLED BY RANDOMNESS

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets is a book by Nassim Nicholas Taleb that deals with the fallibility of human reasoning.  He published the book in 2001. Taleb’s other seminal work is The Black Swan   … Continue reading

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BUDGET A NON EVENT FOR A MAJORITY OF SERVING SALARIED PEOPLE

The FM presented another budget of the government’s income and expenditure before the parliament and the nation on 28 Feb. It is a non-event. It confirmed my take on the GDP numbers which I had written in an earlier blog … Continue reading

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KEEP YOUR INVESTIBLE SURPLUS READY FOR THIS NEW MUTUAL FUND FROM PPFAS

In one of my previous blogs on Value Investing I had mentioned about Mr Parag Parikh, who is an astute value investor and was planning to launch a mutual fund.  Yesterday, I spoke to Ms Usha Galia and Mr Ankur of … Continue reading

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EXTRAORDINARY POPULAR DELUSIONS AND THE MADNESS OF CROWDS

This is the title of an old famous book.  Henceforth, I shall periodically put on my blog a list of recommended books and in case I have read them their book reviews, too. These books were read by me very … Continue reading

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RAJIV GANDHI EQUITY SAVING SCHEME(RGESS)

Rajiv Gandhi Equity Savings Scheme or RGESS is a new equity tax advantage savings scheme for equity investors in India, with the stated objective of “encouraging the savings of the small investors in the domestic capital markets.”. It was approved … Continue reading

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LATEST GDP NUMBERS BY CSO

Today, the Central Statistical Organisation gave out the GDP numbers and said that the growth would be 5% for this fiscal year. For stock markets, this may be a great come down, for the Indian industry also these numbers may … Continue reading

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SHOULD YOU INVEST IN AN IPO?

  Last Sunday I was playing golf  with a couple of senior military officers and post golfing we happened to share a beer and a bite. The conversation veered towards stocks, IPOs and whether they are really worth investing. It … Continue reading

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I NEED A “KICK” AND A ‘HIGH’

  Sudeep Sahi is a good friend. Yesterday over a chat at a party he asked me what was happening in the stock markets. I said, “Nothing. Just the usual, the markets are fluctuating.” I had actually borrowed the reply … Continue reading

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CETERIS PARIBUS

The other day I was addressing a group of professionals on how our emotional and behavioural makeup decides our financial destinies. And during the course of the talk, I suggested that whenever a good business temporarily undergoes a problem and … Continue reading

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MUTUAL FUNDS & MY FRIEND MUKUL

Happy New Year to all my readers. May you all have a great financial year ahead. There has been a gap since my last blog. The reason being I have been travelling a bit. I will try to be more … Continue reading

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