VIIR Portfolio Performance Year-to-Date August 31, 2013

September 2, 2013 I just finished up the September issue of the Premium Access report and wanted to give you a brief update on the performance of the VIIR portfolio after a tumultuous month in the Indian markets. Year-to-date the Nifty index is now down (7.34%), the Nifty mid-cap index is down (25.32%) and the VIIR portfolio…

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There are Still Opportunities in this Market: Hexaware Update

August 28, 2013 The market is crashing and the Rupee is hitting new all-time lows. The reaction in the market yesterday was purely driven by the passing of the Food Security Bill. The government needs to start implementing policies that reduce the fiscal deficit in order to bring it under control and not vice versa.…

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My Take on the NSEL Crisis

August 19, 2013 Ok, please repeat after me. There is no such thing as a risk-free return. Even if you park your cash under the safety of your mattress, you’re still losing purchasing power as inflation erodes the value of your cash. Anytime someone offers you guaranteed risk free returns, please turn and walk the…

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Focus on Underlying Value, Not “Half Knowledge” Guy

July 8, 2013 Every time I see the Economic Times ad about the “half knowledge” guy, I always think about the commentators on CNBC, who declare with such authority their view on the short-term direction of the market. In general, I can’t believe how much time is wasted on trying to divine the short-term direction of…

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It All Comes Down to Performance

June 24, 2013 The announcement by Federal Reserve Chairman Ben Bernanke that he would wind down his debt monetization program called quantitative easing (QE) as early as the Autumn of 2013 has sent shockwaves around global markets. Although he has promised to keep the Fed funds rate at 0% well into 2015, global markets have…

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