Came across an article which crisply summarized what can be expected in an emerging economy during a market turmoil such as the present one.
4 things essentially - FAIL
F: Fear and uncertainty
A: Asset prices (falling)
I: Interest rates (rising)
L: Liquidity crisis
The whole world seems to be crashing... but it is during times like these that great corporations and fortunes are made. If you want to take cues from Warren Buffet, he has been buying American stocks from his personal account in which he previously owned nothing but US government bonds. He says "Be fearful when others are greedy and be greedy when others are fearful"
2 comments:
hey ranga, also be kind enough to tell me which stocks you are personally picking ;-)
how is your martial arts practice coming along? I started studying a form called Aikido recently - see aikidobombay.org
Hey Pradyot,
Martial Arts practice coming along fine, though a bit slow. On the stocks front, i am in favour of sitting on cash, using it to take to take advantage of extreme volatile movements in the market. No long term commitments right now :-(
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