A big mistake is selling your winners to buy more of your losers. Do the opposite. The biggest gains come from averaging up.
— MicroCapClub (@iancassel) September 17, 2014
Linkfest: September 17,2014
Some stuff I am reading today morning:
A tale of two stocks (Altais)
Why Raghuram Rajan may be right about a ‘crash’ (ET)
Narendra Modi hits out at detractors (FE)
After 12 years, diesel sales turns profitable (BS)
The curious case of Venus Remedies (Capital Mind)
Fresh investing can wait (Prashant)
Choosing debt mutual funds for the long term (FreeFinCal)
Be careful relying on historical market returns (PragCap)
The beginning of the end of the hedge fund gravy train (Abnormal Returns)
Eminent Follies (Media Crooks)
Rich Indians love India
The survey of more than 2,000 individuals around the world, all with personal wealth over $1.5 million, showed Chinese are more eager to emigrate than the very well-off in any other region.
Forty-seven percent of rich Chinese planned to move abroad in the next half-decade. That compared with 23 percent in Singapore and 16 percent in Hong Kong. One-fifth of rich Brits intended to emigrate, while only 6 percent of Americans and 5 percent of Indians had that plan, reported the South China Morning Post today, citing the report.
Chart:Corrections in 2005-2007 Bull Market
Source:Nooresh Merani