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Global and Domestic Cross Currents

Apr 30, 2019

1:12 pm

“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.” – Benjamin Graham Rate Cuts Have Led to a Steepening of the Domestic Yield…

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Game of Thrones

Apr 15, 2019

1:03 pm

Disagreeable data are streaming out of the computers of Merrill Lynch and other performance measurement firms. Over and over and over again, these facts and figures inform us that investment managers are failing to perform. Contrary to their oft articulated goal of outperforming the market averages, investment managers are not beating the market: The market…

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Repo Rate Cut by 25bps, Policy Tone unchanged at “Neutral”

Apr 4, 2019

12:37 pm

The Reserve Bank of India today decided to reduce the policy repo rate to 6.00% from 6.25% with four out of six members voting in favour of the cut. However, the MPC decided to keep the monetary policy stance unchanged at “neutral” with an objective of achieving a medium-term target for CPI of 4% within…

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Back to the Future

Apr 1, 2019

11:42 am

“Financial markets do not play a purely passive role; they can also affect the so-called fundamentals they are supposed to reflect. These two functions, that financial markets perform, work in opposite directions. In the passive or cognitive function, the fundamentals are supposed to determine market prices. In the active or manipulative function market, prices find…

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