RBI Policy – Monetary Policy Doing the Job, Fiscal Policy Intervention Needed

Aug 7, 2019

12:08 pm

The Reserve Bank of India today decided to reduce the policy repo rate to 5.40% from 5.75%. While, all the six members of the MPC were in favour of a rate cut, two members voted for a 25bps rate cut and four members voted for a 35bps rate cut. The MPC decided to keep the…

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The Onerous Cost of Capital

Aug 5, 2019

11:34 am

“Wealth isn’t primarily determined by investment performance, but by investment behaviour.” – Nick Murray U.S. Central Bank Policy Tapers Investor Expectations Dovish central bank policy has been one of the key underpinnings of our outlook this year. That domino fell last week, with the Fed dashing expectations of a sustained monetary easing campaign. In all…

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Searching for a Bottom

Jul 22, 2019

1:40 pm

“Wealth isn’t primarily determined by investment performance, but by investment behavior.” – Nick Murray It was a difficult week in the markets last week, broadly brought about by FI selling, a disappointing budget, a change in sentiment, and generally dismal earnings. Markets could likely continue to be under pressure in the near term as we…

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The Hardest Thing

Jul 8, 2019

1:36 pm

“Even the intelligent investor is likely to need considerable will power to keep from following the crowd.” – Benjamin Graham PMS Quarterly Performance – Olympians Large Cap Portfolio Olympians is Up +14.4% YTD, +6.3% QTD, and +17.5% CAGR Since Inception Olympians delivered 14.4% YTD, 6.3% QTD return in the quarter ended June 30th, 2019, outperforming…

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