A long watch but well worth your time.
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A long watch but well worth your time.
Disclosure:I am market making in the shares of Bombay Stock Exchange
Wishing everyone a Happy Holi.Some stuff I am reading today morning:
Why we are awful at assessing risk (Fool)
PSU Banks:Will the new govt privatize? (Mint)
5000 Crore of crop loans may turn bad (ET)
Meet the new age grocers (BS)
BJP going for the kill in Uttar Pradesh (BL)
Win ! (MediaCrooks)
The Bull that got away (WSJ)
Different from the consensus (Aleph)
Warren Buffett’s underperformance (SalilMehta)
An Investor’s guide to better writing seriously (InefficientMarkets)
Hat Tip: Joe KusnanWhen there is a stock-market boom, and everyone is scrambling for common stocks, take all of your common stocks and sell them. Take the proceeds and buy conservative bonds. No doubt the stocks you sold will go higher. Pay no attention to this— just wait for the depression which will come sooner or later. When this depression— or panic— becomes a national catastrophe, sell out the bonds (perhaps at a loss) and buy back the stocks. No doubt the stocks will go still lower. Again pay no attention. Wait for the next boom. Continue to repeat this operation as long as you live, and you’ll have the pleasure of dying rich.