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Investment Communique

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We came across an excellent piece regarding lessons that make you a smart investor based on investment style of Howard Mark- one of the most respected investment managers globally having a long proven track record. His firm manages around USD 99 billion in assets. His investment philosophy corroborates with our investment philosophy at Truemind Capital and thus we thought of sharing his words of wisdom with you. Key principles of his investment philosophy are: Margin…

When the arch bear turns bull, it is time to start worrying in the stock market! Thus goes the saying.¬†Suddenly, everyone has tips and multi-bagger ideas. This is a clear warning sign that a correction is due. Sensex has crossed all time high level of 32,000 (a growth of 19% + YTD) without any change in economic fundamentals. Indian markets are not the only one rising; all markets across the world have been lifted in…

The good part about Indian stock market is that it is getting more and more institutionalized. Many people are choosing mutual funds and PMS products to channelize their savings instead of putting money directly in stocks. The number of active SIPs has almost doubled in the last 3 years from ~65 lakhs to more than 1.2 crores now, bringing in about INR 4,500 Crores every month to mutual funds. There are many benefits with increasing…

Are you an investor or a speculator? There is a clear difference between the two but these differences get overlapped sometimes. As the markets have reached all time highs, there are varied emotions in the investment community. There is clearly a divided camp. Some are very bullish and others are cautious. The rationale of the bullish camp is based on hope more than any apparent changes on the ground. Although there have been some good…

The hottest topic to discuss now days is – Is it good time to BUY or SELL? Well, this can be answered with following observations. Last month, two major developments boosted the market sentiments. The first one from US where Fed rates and commentary were on expected lines. No negative surprise is sometimes construed positively by the markets. Other Central Banks around the world maintained lenient view on money flow, thus boosting confidence for availability…