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The market knows
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Linkfest: March 13,2015
Some stuff I am reading today morning:
IPOs flop as revival eludes primary market (Mint)
Modi’s first reform win:Parliament approves Insurance Bill (FirstPost)
For US equities,good days are ending (Akash Prakash)
Inox Wind Limited IPO-Should you invest? (MyInvestmentIdeas)
P/BV Ratio Analysis of Nifty (Stable Investor)
Atal Pension Yojana (One Mint)
The Psychology of sitting in cash (CommonSense)
The end of the debt cycle (Bill Bonner)
Active managers can add more value in small caps.That’s bulls**t (TRB)
Sick BBC and NDTV-Cultural Rapists (MediaCrooks)
Deepak Shenoy at Capital Mind has done a nice review of the Adlabs Imagica IPO
But I found his disclaimer even better than the review:
Very important note: Look, we’re in a bull market. Any share can go up. In 2006, We didn’t like the GMR IPO issue. It went from 250 to 800. We looked like fools. Then after a 10:1 split the price is now less than Rs. 18 (which would be Rs. 180 for the 2006 IPO holders). That makes us look better. But remember, the price went 4x before it fell – anything can happen, don’t just trust us. We have effectively ditched a potential 4x return earlier. That’s our disclaimer.
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The rise and rise of Dilip Sanghvi
