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Linkfest:December 29,2015

Some stuff I am reading today morning:

The Coffee Can Portfolio (Saurabh Mukherjea)

Top best money moves for 2016 (ET)

Consumers with income above 10L to lose gas subsidy (Mint)

A Stock Picker’s recipe for success (CFA Institute)

Overpaying for low probability (Crossing Wall Street)

Pros & Cons of a sideways market (Common Sense)

The Hedonic Treadmill (Prof Sanjay Bakshi)

Valuing the Star Wars franchise (Aswath Damodaran)

7 Tech Trends from 2015 (Mossberg)

Every business person should understand this (A VC)

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Humor

China Money Manager

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ForecastingFolly

Forecasting Folly:Goldman Sachs Edition

Hat Tip:Bala

Around a year back,on 4 December 2014,the following article came in ET:

Top US brokerage Goldman Sachs today said it is bullish on India and sees Nifty hitting 9,500 -mark by end-2015 due to strong capital inflows in the country which is expected to become fastest-growing large emerging market economy in the 2016-18 period.

“We stay overweight on cyclical recovery and reform progress and expects Nifty to reach 9,500 at end-2015,” Goldman Sachs Chief Asia Pacific Regional Equity Strategist Timothy Moe told reporters here

The 50-share NSE benchmark index today ended at 8,564. “We forecast a large balance of payments surplus in 2015 driven by a narrowing of the current account deficit and strong capital inflows. We forecast mid-teens earnings growth in 2015-16 largely driven by banks, IT and a few cyclical sectors,” he said.

Forecasting Folly,anyone?

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Links

Linkfest:December 28,2015

Some stuff I am reading today morning:

Reliance Jio soft launches 4G services (FE)

Tata Group:3 years under Cyrus Mistry (Mint)

Rupee Strength cuts India dependence on world (Bloomberg)

Outlook of Mumbai’s residential property market (Morningstar)

Investment Checklist (Subramoney)

Real Estate and the Stock Market (Prashant)

Ajay Relan’s stock pick for 2016 (OB)

Is Bloomberg’s return bad for Bloomberg? (Spiegel)

The 50 Best Investing Insights of 2015 (Fund Reference)

Is Warren Buffett a slumlord? (Zero Hedge)