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Dalal Street Rules – Year 2011

Date30 Oct 2019

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CategoriesBehavioral Finance, Dalal Street Rules Series, Factors, Systems Investing

World Cup is getting hot, Dhoni hits the winning shot. Kalmadi thinks we are retards, Raja gets a "go to jail" card. Anna fasts for Lokpal, Mamata wins her first election in Bengal, S&P Downgrades US Treasuries, adds to our miseries.We didn't start...

Dalal Street Rules – Year 2010

Date14 Oct 2019

Posted ByAnish Teli

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CategoriesBehavioral Finance, Dalal Street Rules Series, Factors, Systems Investing

BJP’s blown away, Manmohan has his say, CAG smells a scam, Run as fast as you can. Coal Blocks, Spectrum locked, Games can, feed the flock. In June 2009, Congress came back with a much larger seat tally than was expected. Markets...

Dalal Street Rules – Going Quant

Date30 Sep 2019

Posted ByAnish Teli

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CategoriesBehavioral Finance, Dalal Street Rules Series, Factors, Systems Investing

Background: Efficient Market Hypothesis Vs Factor Investing Efficient Market Hypothesis (EMH) and Bill Sharpe and his Capital Asset Pricing Model (CAPM) model were the accepted framework for evaluating expected returns from stocks for almost 3 decades between 1960 and 1990. The most...

Dalal Street Rules

Date17 Sep 2019

Posted ByAnish Teli

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CategoriesBehavioral Finance, Dalal Street Rules Series, Factors, Systems Investing

Prologue – Circa 2008 I made a mistake in presuming that the self-interest of organisations, specifically banks and others, was such that they were best capable of protecting their own shareholders. Alan Greenspan, Oct 2008, Congressional Hearing Post the Great Financial Crisis...

Ben Graham was a Quant or Systematic Rule Based Investing

Date12 Sep 2019

Posted ByAnish Teli

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CategoriesBehavioral Finance, Factors, Systems 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 investing or...

Investing in Equities: Lottery Effect

Date26 Jul 2019

Posted ByAnish Teli

Comment0

CategoriesBehavioral Finance

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 Effect. For...

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