Forecasting Folly:Raamdeo Agarwal Edition

I hugely admire Raamdeo Agarwal of Motilal Oswal for his stock market expertise.

Yet it is instructive and amusing how even stock market veterans don’t have a clue how the future will pan out.

In this interview exactly one year back, dated 1 Sept 2014,Raamdeo Agarwal makes the following bold prediction:

Latha:Udayan was saying he was expecting Nifty to be 9,000 around the budget.Your guess?

Raamdeo Agarwal:By the next budget,it should be closer to 10,000.Because we were in Delhi and speaking to some people.They are saying that first budget was more about cleaning up and small incremental measures but the second budget will be full of big bang reforms

Forecasting Folly, anyone?


Interview with Sanjoy Bhattacharyya & Raamdeo Agarwal

Lots to learn from this short interview.