Ben Graham was a Quant or Systematic Rule Based Investing
What is Quantitative Investing ? Quantitative investing attempts to reduce the investment process to its scientific and statistical core, eliminating emotional, human judgment from the equation as much as possible. This quantitative investment process is also known as systems based... Read More →
Investing in Equities: Lottery Effect
Imagine how much harder physics would be if electrons had emotions Professor Richard Feynman So why do investors buy (especially retail investors) high beta names especially with negative news around them? This is because of a phenomenon called the Lottery... Read More →
Behavior Gap
Today we are going to talk about an important concept called “Behavior Gap” and why it is so important for all investors to be aware of this. I really wish I had known this early in my career. Whenever I... Read More →
Greed and Fear – Disposition Effect
It turns out that there are specific names for the behavioural patterns that I have described in my earlier blog which you can read here. Over the next four blogs I am going to break down greed and fear into four... Read More →
Greed and Fear – Making of a Bubble
The two most basic instincts of humans from the days of Adam and Eve. Adam was greedy and got tempted by the apple. And then fearful because he knew he would have to pay for his greed. These are our... Read More →
Magazine Covers and Financial Markets
Now when I say you should not focus on external events, it does not mean that you should go and live in a cave and shut yourself from the rest of world, because that is only way you will be... Read More →
Policy makers have no end game or Dont fight the Fed – Whatever it is, this time its not different !!!!!
Policymakers have no endgame, markets do. Stan Druckenmiller Don’t fight the Fed – Old saying on Wall Street So how do we reconcile the two. Like debates between efficient markets and mispricing, like Eugene Fama and Bob Shiller, both these... Read More →