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.
Anyway Mitali was sitting next to him.
Mitali Mukherjee
Mitali Mukherjee has been with CNBC-TV18 for 5 years. She leads the
market coverage for the channel as News Editor, Markets. Mitali co
anchors the prime time show Morning Call. She also anchors Business
Lunch and India Market Wrap, a show that tracks the crucial closing
hour of trade everyday. In the evening, she co anchors Markets Today a
show that focuses on the stock market action of the day and analyses
the outlook for markets and also anchors and produces CNBC-TV18's
weekend show Classroom, aimed at increasing investor awareness about
equity markets. Mitali holds a gold medal from Delhi University in
Political Science. She is also a gold medalist from the Indian
Institute of Mass Communication, in Television Journalism.
Thanks,Basant! For the knowledge u shared on MF's,I respect ur knowledge on markets ,Most valuable for me>>>>>>>>
Yes. I do agree with you.However if one studies the market dynamics adequately then I find it is the best tool to create wealth in the long term.Passion,intelligence, behaviour modification, money management, assessment of financial goals is essential to deploy our appropriate risk capital in the market and then let it grow with the businesses.
Basant Ji I am newbee I want to share my portfolio to get valuable insight of this group But I am not sure how to create new string
yan i know
Looks like RD is at work with his pair trade !!!
Long Aviation, Short Telecom
[QUOTE=Circuit]Looks like RD is at work with his pair trade !!!
Long Aviation, Short Telecom
[/QUOTE]
I Do not think being long on aviation would be a good idea. Forget about his valuation argument, i strongly feel with better video conferencing facilities and IP telephony business travel would decrease substantially in the coming yrs...
I wish I could have walked into the travel and Living channel of a 40 inch TV for a vacation as well
But aviation stocks have no valuation argument. Buffett bought Wells Fargo (5 PE stock) and Geico when they were trading at valuations where he thought the intrinsic value was more then the market cap. Where is the Intrinsic Value in Aviation?
Wait for a 2000 point fall on the sensex and that will be the biggest test of sectors without earnings and loads of (increasing) debt.
BTW on the Wells Fargo theme Axis Bank was a 5 PE stock in March!
Posted on:8/8/2009 10:55:50 PMbasant
Thank God. It was just the laptop!!!