Source:MicroCap Club
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On Selling Strategies
Source:MicroCap Club
Category: Excerpts
(Disclosure:I am market making in the shares of CSB)
Canadian billionaire Prem Watsa’s Fairfax Financial Holdings is looking to acquire more than 10% stake in Kerala-based Catholic Syrian Bank, people familiar with the development told ET. Watsa’s latest Indian bet is seen as part of the Canadian billionaire’s plan to establish a conglomerate in India with interests in fields ranging from banking, insurance, broking, infrastructure and chemicals.
A proposal to this regard has also been submitted to the Reserve Bank of India, sources said. “The bank needs constant capital …we are talking to many investors including Fairfax,” said S Santhanakrishnan chairman, Catholic Syrian Bank. A mail sent to Fairfax Financial did not elicit any response until press time Sunday.
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The Market is Level 2 Chaos
Source:Fritz
Stockholm Syndrome is a psychological phenomena where hostages express sympathy and empathy towards their captors.
Even during bull markets, 90% of equity mutual fund managers fail to beat index averages… even as they pull in billions in fees each year.
The fact is typical mutual funds have made a lot of people in the financial industry wealthy, but shareholders get the shaft nearly every time.
Look, bottom line, the mutual fund industry is one massive Stockholm syndrome played out over millions of investors…
Mutual funds are the captors and investors are the hostages – hostages that keep rationalizing these dead-end investments, even having positive feelings for fund managers whose number one job is to steal money in fees.
It’s crazy, isn’t it?-from DR
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