The best way through bullshit was to wade in, hold your nose with one hand and a grenade in the other, and cut straight to it.Alexandra Bracken In the past couple of decades, there have been several megatrends in asset management like the rise of index funds, target-date funds, thematic funds, smart-beta funds 🤮, ETFs,…… Continue reading What the hell is ESG?
The good thing about the internet is that it gave everyone a voice. The bad thing is that everyone now has a voice. What do you get when everyone has a voice? An age of abundance, an abundance of, for the lack of a stronger word, horseshit! This is also an age of bullshit, the…… Continue reading Personal Finance: The rise of the quacks
We human beings are suckers for good stories. This how we make sense of the world. We are hardwired to seek patterns where none might exist. Stories are also how we sell things that otherwise people wouldn’t touch with a 10-foot pole, toxic insurance polices being a prime example. It’s absolutely brilliant how we neatly…… Continue reading Enough with the Robinhood traders nonsense
Gentlewomen and men, I’ve been around here for a long time and I’ve been around the block a few times. I was there when the first barter trade took place, a porcupine was exchanged for two goats and 1.2 meters of satin loincloth. https://twitter.com/passivefool/status/1248796986775498754 When people were freaking about this Corona crash, I was laughing…… Continue reading Will the real advisors please stand up?
When it rains, it really does pour. Ever since Franklin Templeton’s fateful decision to shut down those six debt fund schemes, things have gone from worse to woreset for the fund house. First, they couldn’t handle the surging redemptions, so they decided to shut down the schemes. Then Jennifer Johnson, Franklin’s global head, decided to blame…… Continue reading Franklin Templeton’s lucky streak continues
I wrote this post with my thoughts on the whole Franklin India debt schemes fiasco. But since then, there’s been more action in debt funds. I still can’t get over the fact that these damn things are supposed to be boring. Debt is supposed to the thing that allows you to sleep at night peacefully,…… Continue reading What the hell is going on with debt mutual funds?
Another day and another fiasco in debt funds. Ever since the IL&FS crisis, debt mutual funds have been going through an intense trial by fire. The number of defaults, downgrades and bust-ups have been astounding. Remember, debt is supposed to be an asset class that’s supposed to provide safety and stability in your portfolio. But…… Continue reading Never a dull moment
This post has been in the cold storage for a while now. This isn’t a blogpost in the strictest sense but rather my incoherent thoughts on the subject of advice. I intend to keep this as a live post and keep updating it as and when I think there’s some new thought worth sharing. Being…… Continue reading All the financial advice in the world
There’s nothing new in what I am about to write. Countless people have written about this in past. In fact, you can find 100s of such posts in the archives of Moneylife. Somebody sent this tweet to me the other day. This person seems to have invested in 3 scammy stocks which were your run…… Continue reading When you fish in filthy waters, you get filthy fish
If you clicked on the link to actually get mutual fund recommendations then you are an idiot. Like a big one, like a world-class idiot. Now to the matter at hand. ‘Tis the season to be jolly and ’tis also the season for financial wankery. All the so-called “advisors”, “experts”, “analysts”, brokers, mutual fund platforms,…… Continue reading The 7 best mutual funds you should definitely invest in 2020