“The essence of investment theory is that being smart is not a sufficient condition for being rich.”-Peter Bernstein
Day: September 1, 2014
August 2014:Sector of the month
The sector of the month of August 2014 were the Oil Marketing Companies as can be seen from the table below:
Symbol | Close on 31 July,2014 | Close on 28 August,2014 | Gain |
IOC | 331.25 | 359.4 | 8.50% |
HINDPETRO | 399.3 | 458 | 14.70% |
BPCL | 580.15 | 694.3 | 19.68% |
What comes first
"I always believe that prices move first and fundamentals come second"
- Tudor Jones
— Trading Proverbs (@tradingproverbs) August 31, 2014
Linkfest: September 01,2014
Some stuff I am reading today morning:
The great Indian financial inclusion circus (Mint)
Rising Rupee brings a windfall to foreign investors (BL)
5 ways to identify multi-bagger stocks (ET)
ITC to make a big splash in milk (BS)
Why Knight Frank real estate reports are always bullish (FirstBiz)
98 Powerful words that can make you very rich (Stable Investor)
Sensex by day of the year (Prashant)
The most important trait for any successful “Resource” investor (DailyReckoning)
India’s foolish crush on Japan (Bloomberg)
Why care what Hussman Forecasts? (Swedroe)