Well, DHFL Pramerica Mutual Fund finally sent out a communique to all its investors on the DHFL fiasco. Remember DHFL funds fell anywhere between 10% to 50% post the default by Dewan Housing (DHFL). Luckily for the mutual fund, it’s exposure was not as high as others such as UTI MF and Reliance MF and the schemes were small in size. But the fall in percentage terms looks horrific.Read More
The election results are set to be announced on May 23rd. And the markets are clearly spooked because they know something – Modi isn’t coming back to power, perhaps? This does make sense given that most informed experts are predicting that the BJP will find it hard to come back to power. And these are some of the smartest people around, so, their word means something.Read More
Came across this tweet by Professor Sanjay Bakshi and I just had to share this. The ability to destroy our best held beliefs and ideas.
I’m not a Buffet or a Munger fan boy nor do I think that investors should hang on every word of theirs. But, you’ll have to admit, these two can be incredibly funny. Here’s are 2 funny clip their views on Bitcoin.
Zoltan Pozsar is the Managing Director of Investment Strategy and Research at Credit Suisse. Prior to this, he was a senior adviser to the US treasury. So there is nobody better to explain what the money markets are, how they work, and the interplay with the broader economy.
In this absolutely fascinating conversation, Zoltan talks about everything from what money markets are, regulatory changes, yield curve inversion, to the impact of the inversion on carry trades and why foreign investors are cooling off on US debt.
I know this isn’t all that relevant for you as an Indian investor but this data goes to show the power of an idea – passive investing, in this case. This also reminds me of this quote:Read More
If you are curious about how index funds work, then check this video out. It’s pretty decent.