Hedge Funds have this mystical aura around them. Reclusive, eccentric geniuses who can deliver insane returns. But facts are always stranger than fiction. Year to date, the S&P 500 has beaten the popular hedge fund indices. Bloomberg Opinion/Barry Ritholtz I’m not writing this post suggesting that hedge funds and endowments should invest in index funds.…… Continue reading Surprise, surprise: Hedge funds this year have underperformed the S&P500
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. https://twitter.com/YahooFinance/status/1124714492527427586?s=20 https://twitter.com/YahooFinance/status/1124713593285427200?s=20
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…… Continue reading Understanding the money markets with Zoltan Pozsar
I’ve always been a bit smitten by the markets. I remember carrying a copy of Economic Times to school. I also very vividly remember buying the very first edition of Livemint when it launched in Bengaluru. In those days, I understood very little, but I was still curious though. I remember asking my brother who…… Continue reading My journey from being fully active to almost fully passive
Axis mutual fund has filed to launch a Nifty 100 index fund. This will be the first index fund based on the index. There are 3 ETFs by Reliance, LIC, and ICICI but like most of the ETFs in India, they are illiquid. DSP and Principal, however, offer Nifty 100 equal weight funds. The Nifty…… Continue reading Axis Mutual fund files to launch a Nifty 100 index fund
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: You can kill a man, but you can’t kill an idea. Medgar Evers In India, we are in the very very early stages of…… Continue reading Once an idea takes root. Q1 US fund flow highlights
If you are curious about how index funds work, then check this video out. It’s pretty decent. https://youtu.be/u-CMgOJQ9A0
I’ve been meaning to write this post for a while now but never got around to it. There has a small but growing chorus over costs and performance in mutual funds in India over the past couple of years. This is very heartening, but this is a very small or tiny group of sufficiently informed…… Continue reading Dear investors, wake up and smell the bullshit. Mutual funds sahi nahi he!
We, humans, are instinctively drawn to stories, be it in life or in markets. This episode is about the latter. Ben Hunt is the creator of Epsilon Theory and is one of the most unique voices in BS filled world of finance. His writing is miles away from the beaten path and is absolutely thought-provoking.…… Continue reading Understanding the power of narratives in markets with Ben Hunt
Ok…before you close this tab, this isn’t another of those passive is the panacea for all investing ills post. My reasons for writing this are a little different. Last week a friend of my dad told that he was opening a demat account with Kotak and asked me if buying penny stocks and forgetting about…… Continue reading Should retail investors just shut up and invest in index funds?