Posts

Showing posts with the label rags to riches

no one knows anything, everyone knows everything

During the financial turmoil that has been characterizing the markets for over a year and a half now, everyone gets to hear a couple of experts' comments on the condition of the markets every now and then, suggestions for trading the next day and then obviously one's expert comments on how and when the market would recover. in fact people are never satiated by the tonnes of information already beaming in the market ,rather they would watch more and more television programmes and discussions, refer to newspaper editorials and articles on market trends and of course hundreds of financial magazines flooding the market today(thanks to the insatiable and ever increasing greed of the new age investors)on the future course of market to make sure they are thinking in the right way(known as 'confirmation bias' in the financial parlance) or that the decisions taken by them really matches the acumen of warren buffet or atleat the Indian warren buffet, rakesh jhunjhunwala. a rec...