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tigershark
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   Posted: 30/Oct/2008 at 9:31pm |
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must read ==the new paradgim for fin mkts credit crisis of 2008-- by george soros.written in mar-april 2008.but what happened in sept oct 2008 is already in the book.the chapter new paradigm and onwards are really eye openers
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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tarkeshwar
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Posted: 30/Oct/2008 at 11:03pm |
Originally posted by tigershark
must read ==the new paradgim for fin mkts credit crisis of 2008-- by george soros.written in mar-april 2008.but what happened in sept oct 2008 is already in the book.the chapter new paradigm and onwards are really eye openers |
Tigershark, what does the book say about things to unfold from now on? Will look for the book ;)
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tigershark
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Posted: 30/Oct/2008 at 7:47am |
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not completed will make post once i do so
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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tarkeshwar
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Posted: 30/Oct/2008 at 9:49am |
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Repeat post..please read the one below.
Edited by tarkeshwar - 30/Oct/2008 at 9:57am
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tarkeshwar
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Posted: 30/Oct/2008 at 9:55am |
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I just skimmed through the book. It seems he takes the most prevalent position that usa goes into recession, dollar depreciates and china, india and some oil-producing countries remain resilient to some extent. Even in March, he was short dollars and long Indian stocks (according to book).
These predictions seem logical and may prove true in medium term but for now, except usa recession, its the exact opposite that has played out
Please post if your comprehensive reading of the book says otherwise. I mostly read the "My Outlook for 2008" chapter ;)
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tigershark
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Posted: 31/Oct/2008 at 2:23pm |
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usa as a fn super house controlling world economy days r over dollar as int reserve currency is over.days of massive credit expansion over,two bubbles us housing and the super bubble of global liquidity already burst the burst in global liquidity bubble has sucked everyone into it hence you se the reverse happening.no country in the world going forward will be happy to hold on to dollar.usa is in long recession.fn mkt to be regulated, banking globally to be regulated. new asset bubble just starting may be in china.i feel its so far played this way.
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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tigershark
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Posted: 31/Oct/2008 at 2:31pm |
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he also makes a point---credit expansion takes a long time on the other hand wealth destruction is extremely rapid. so we can presumably take heart that most if not all the wealth destruction has already occured
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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Vivek Sukhani
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Posted: 23/Nov/2008 at 11:22am |
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Basant Sir, we have got to have a re-look at this portfolio. we are staring down the barrell in case we dont do something about it. If we mark to market this portfolio at today's CMP, the situation starts looking quite grim.
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Jai Guru!!!
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