Categories
Categories
Linkfest: September 02,2015
Some stuff I am reading today morning:
MAT relief for foreign investors (Mint)
Indian tyre makers no match for the Chinese (Onkar Kanwar)
Is Enam buy paying off for Axis Bank at last? (ET)
Interview with S Naren,CIO of ICICI Pru Mutual Fund (VRO)
Prabhat Diary IPO gets screwed (Moneycontrol)
Religare Research:Buy UltraTech Cement (MyIris)
Latest Bank FD rates for Sept 2015 (MyInvestmentIdeas)
Modi making progress on stalled projects (Bloomberg)
Why Fed will raise rates this year (Barry)
How much diversification is necessary? (Common Sense)
Categories
A True Investor & Market Declines
Source:Jason Zweig
I hugely admire Raamdeo Agarwal of Motilal Oswal for his stock market expertise.
Yet it is instructive and amusing how even stock market veterans don’t have a clue how the future will pan out.
In this interview exactly one year back, dated 1 Sept 2014,Raamdeo Agarwal makes the following bold prediction:
Latha:Udayan was saying he was expecting Nifty to be 9,000 around the budget.Your guess?
Raamdeo Agarwal:By the next budget,it should be closer to 10,000.Because we were in Delhi and speaking to some people.They are saying that first budget was more about cleaning up and small incremental measures but the second budget will be full of big bang reforms
Forecasting Folly, anyone?
