Single Country Emerging Markets ETFs, ETNs and Closed-End Funds List (more…)

How Nassim Taleb turned the inevitability of disaster into an investment strategy

One day in 1996, a Wall Street trader named Nassim Nicholas Taleb went to see Victor Niederhoffer. Victor Niederhoffer was one of the most successful money managers in the country. He lived and worked out of a thirteen-acre compound in Fairfield County, Connecticut, and when Taleb drove up that day from his home in Larchmont he had to give his name at the gate, and then make his way down a long, curving driveway. Niederhoffer had a squash court and a tennis court and a swimming pool and a colossal, faux-alpine mansion in which virtually every square inch of space was covered with eighteenth- and nineteenth-century American folk art. In those days, he played tennis regularly with the billionaire financier George Soros. He had just written a best-selling book, “The Education of a Speculator,” dedicated to his father, Artie Niederhoffer, a police officer from Coney Island. He had a huge and eclectic library and a seemingly insatiable desire for knowledge. When Niederhoffer went to Harvard as an undergraduate, he showed up for the very first squash practice and announced that he would someday be the best in that sport; and, sure enough, he soon beat the legendary Shariff Khan to win the U.S. Open squash championship. That was the kind of man Niederhoffer was. He had heard of Taleb’s growing reputation in the esoteric field of options trading, and summoned him to Connecticut. Taleb was in awe.

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Employees of Satyam Computer were in disarray following their Chairman B Ramalinga Raju’s resignation after the firm admitted to financial wrong-doing, leaving the entire business world of the country shell-shocked.
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Looks like the brothers are planning on the end game over MTN purchase by Anil Ambani.

Continuing flight of foreign capital from Indian equity markets and the persisting global financial crisis, hit by surging crude oil prices, are likely to send the domestic currency crashing to 47-level against the US dollar in the coming months, the experts have warned. (more…)

RBI raised the benchmark repurchase rate at which it lends to banks to 8.5% to curb rising inflation. It also raised the cash reserve ratio to 8.75% (more…)

India’s inflation hit 11.05% in the first week of Jun 2008 hitting a 13 year high. Investors specially foreign investors have lost confidence in the abilities of RBI governor and the government as a whole to contain inflation. This loss of confidence is marked by them fleeing the market as they are hit by the twin whammy of falling stock markets and a depreciating Indian Rupee further eroding their dollars assets. (more…)

Warren Buffett’s 6 tips for successful investing

1. “Be fearful when others are greedy and greedy when others are fearful.” Warren E Buffett, the richest man walking the planet today, swears by this investment dictum and attributes a lot of his stupendous success to this twelve-word sentence.

A question that begs itself is ‘Had Warren Buffett been Indian, what he would have done in the current market environment?’

It will take a brave man to say that the current stock market environment is one of greediness! We are indeed sensing fear all around and what better time than this to walk the Buffett talk and start feeling greedy. (more…)

Using the data discussed in this article we will be listing the stocks to buy in India for the short term as of Jun18, 2008. Read the article linked above to understand these charts better. The chart below shows that Indian stocks right now take the longest time for payback (more…)

The lack of progress in the discussion between the Communist Parties and Congress Ruling Coalition to sort out the Nuclear Issues along with the unfettered rise in inflation (9.82 % Reuters Forecast Jun 07 - Jun 08) in India and the sleight of hand by which Morgan Stanley was able to show profit this quarter (more…)