We have learnt some tough lessons said the CEO of India�s largest private sector MF who had promised his unit holders growth with vision. Another voice notorious for his tandaav with the bears a Le Grand From Age if you might call him has turned his tail 180 degrees. He was a bear a big one and is now a bull a quick hurried harmless bull, who gives no guarantee of his species because he might become a bull one day, a bear the other and a dog or a Pig depending on which way the wind is blowing.
The Star anchor of
Coming back to our fearless bear he had the courage to call Buffett lucky well if luck makes money and intellect loses it I�d rather be lucky then intelligent. Mr. Bear writes a report every few days. He is good at English and probably a student of Gynecology. In one of his reports he was doing a pregnancy test on the bull! He said that after checking the urine he is of the opinion that this is not a bull market and that a bull trap. Those reports do make for interesting reading especially if you are fond of brushing up your English.
Then there is another who sees to rhythm with the range. His ranges are as deep as the
I think that there is no way to check the quality on the Idiot Box for whatever reason it is called one. Now no one can tell me that you should switch off the TV because that means that if there is murder going on in front of my house I should just move away from the window and pull the curtains.
Markets are not about making a day trader out of every participant. It is also about long term education and if that looks too charitable to these business channels then well, good luck to them because sooner or later they will have to go free to air for their free advice. But as the critics would say there is are no free lunches in the world.
There is some serious flaw in the way the business channels operate. Either they are too stupid to understand their drawback or either too much hand in glove with the participants to create a psychology that they seem to have desired.
It takes no magic wand to understand why certain people including the self proclaimed momentum trader and several others are put up as mascots time and again. I think the primary precondition to have your face on TV is your English speaking skills rather then your thinking ones. No wonder the best of the speakers get mud and dust on their face but that's ok as long as there is a market we will have opinions but to blow the trumpet every time there is an opinion and to expect the crowd to be the bunch of rats and the mascot to be the Pied Piper of Hamlin is something that the crowd will be able to decipher sooner rather then later.
But as Gustave Le Bon wrote his book �THE CROWD A study of the Popular mind� the most eminent men seldom surpass the standard of the most ordinary individuals. From the intellectual point of view an abyss might exist between a great mathematician and his boot maker but from the point of view of character the difference is most often slight or non existent.
Strangely making money in the markets is 65% character and 35% intellect.
Also see: Letter from a bruised bull to the"expert"analyst.
I like udayan and sankar sharma much more than Rakesh jun.. and samir arora.We need analysts who can change with market and not people who are static in their ideas.
[QUOTE=raj261178]I like udayan ------ Udayan even though has gone wrong big time when it mattered in march 2009, provided good account of himself in full 2008 and he is a hit among most of the small time investors for his sincerity and will always have ear full for udayan. --------.
I strongly believe that CNBC and its so called experts are doing only one thing and that is to trap the retail investors... They always create a Euphoria which makes poor retaler believe that he is a fool if he is not investing in markets..
[QUOTE=sonthaliarahul]
I am very fortunate not to have a TV and with these guys, I will never watch TV. I would rather watch movies/music rather then listen to these idiots..
I beleive there is always a bull market some where all the time, we just have to buy and home work not buy and hold.
Why does first in business worldwide worry about what bloggers are writing.
http://zerohedge.blogspot.com/2009/06/dennis-lets-zero-hedge-have-it.html#disqus_thread
The TV channels mostly cater to day traders. They are also manipulated by big bulls to some extent.
An argument with the so called experts!
Posted on:6/28/2009 9:54:30 AMPKB2000
Market and media have something in common
Both of them are unpredictable in nature and there are experts in them.
They excite the people.
Media and experts can not control market and market can not keep them aside. Partly they are complementary to each other
People in market are in market and directly and indirectly they are in media too.
People can not avoid media because that is the source of knowledge. In that respect I consider TV to internet through news paper as the media of the people.
Media and market are made by the people but the question remains how far are they for the people! Probably the answer is unknown and the effect on people is absolutely person specific. But I think that the influence of media and the experts in market gradually decrease as long as people become more experienced in the market that of course take a little longer term (at least a few years.)