“The capacity of the human mind for formulating and solving complex problems is very small compared with the size of the problems whose solution is required.” – Models of Man, Herbert A. Simon
“Boundedly rational agents experience limits in formulating and solving complex problems and in processing (receiving, storing, retrieving, transmitting) information.” – Oliver E. Williamson citing Herbert A. Simon Read More
‘Quality’ is becoming widely accepted as an anomaly and is now being designated by many researchers as a fifth factor explaining investment returns along with the four widely accepted factors: beta, size, momentum, and value. This development is in sync with our long-held belief that quality is a distinct investment style.
In this article the authors, Baijnath Ramraika (CFA) and Prashant Trivedi (CFA), present a framework for superior risk-adjusted returns from high quality stocks. Read More
There has been a lot of uncertainty regarding monsoon in Maharashtra this year. Till July end, there was a fear of famine, then it was a fear of floods, and now we are not really sure what to fear. It seems Indradev – the rain God – reads the latest weather forecast, and acts exactly opposite just to screw up the data.
The high profile listing of social media company Twitter in the last quarter of 2013 and the much anticipated Initial Public Offering (IPO) of Chinese e-commerce giant Alibaba Group Holding in the subsequent quarter – are just one of the several signs of a rejuvenating global IPO market.
The Indian rural market is on a roll. With a size pegged at almost USD 425bn and a per capita consumption that now exceeds the urban market, rural India is the new growth area for companies from sectors as diverse as telecom, vehicle manufacturing, agriculture service and product providers, financial services, consumer durable and FMCG companies. Better monsoons and the National Rural Employment Guarantee Act (NREGA) has shored up the disposable incomes in agri-based non-urban India translating into more non-food spend.
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