Sleuths from leading financial publications have unearthed the fact that the massive rally seen in the NASDAQ and Dow was caused by the aggressive buying of one ‘whale’ investor. The moot question is whether there will be a mega crash when he starts selling his holdings
Shankar Sharma has opined that the reason Radhakishan Damani achieved enormous success in D’Mart even though others have failed miserably is because the Billionaire focused on elementary aspects of business and avoided “nonsense” metrics like GMV etc
Though old-school investors of the proven caliber of Rakesh Jhunjhunwala, Prem Watsa, Samir Arora and others offered sensible advice, new-age investors behaved like drunken sailors and poured billions of dollars into dubious e-com ventures run by college dropouts. Now, these ventures are proving to be bottomless pits and the investors are wailing over their losses
It is simply mind-boggling that while we are barely eking out a living, Nikesh Arora of Softbank is taking home an annual salary of Rs. 850 crore which is more than the collective net worth of our favourite stock pickers
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