What the hell is ESG?

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?

Enough with the Robinhood traders nonsense

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

Will the real advisors please stand up?

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?

Franklin Templeton’s lucky streak continues

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

What the hell is going on with debt mutual funds?

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?

Never a dull moment

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

The 7 best mutual funds you should definitely invest in 2020

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