It seems to me that its not the world thats so bad.... sorry...
It seems to me that people are beginning to believe the India story, and that housing finance will be availed by multitudes soon
And that farm incomes will rise, and govt will spend and enable infrastructure investments.
It seems that nobody is worried about an acquisition going wrong
Or the Eurozone breaking up
Or China's consumption sharply dropping, or them devaluing the currency aggressively
Or the effects of bad climate
It seems to me that I have been wrong for more than 6 years now - perpetually worried that something bad is around the corner.
But history has proven that these are fertile grounds for new villains, accounting scheming, and promoters enriching themselves.
That said, I do what Howard Marks says, staying cognizant of potentially bad stuff but moving ahead with caution.
Coming to valuations, future upside is getting based on business performance, and highly dependent on something not going bad... But things have a way of going bad.
I predict that some of the foreign borrowings, and M&A activities will soon haunt companies, not to mention the unsustainability of very rich valuations...
I keep telling myself what my friend AR says: All money made from the stock market is often just a short term loan from Mr. Market.
The pendulum is towards optimism for India, but very far from euphoria.
It seems to me that people are beginning to believe the India story, and that housing finance will be availed by multitudes soon
And that farm incomes will rise, and govt will spend and enable infrastructure investments.
It seems that nobody is worried about an acquisition going wrong
Or the Eurozone breaking up
Or China's consumption sharply dropping, or them devaluing the currency aggressively
Or the effects of bad climate
It seems to me that I have been wrong for more than 6 years now - perpetually worried that something bad is around the corner.
But history has proven that these are fertile grounds for new villains, accounting scheming, and promoters enriching themselves.
That said, I do what Howard Marks says, staying cognizant of potentially bad stuff but moving ahead with caution.
Coming to valuations, future upside is getting based on business performance, and highly dependent on something not going bad... But things have a way of going bad.
I predict that some of the foreign borrowings, and M&A activities will soon haunt companies, not to mention the unsustainability of very rich valuations...
I keep telling myself what my friend AR says: All money made from the stock market is often just a short term loan from Mr. Market.
The pendulum is towards optimism for India, but very far from euphoria.
