Another great article by the Great Khali

karvy · #11 18th October 2007, 09:34 AM

The RBI, SEBI, NSE honchos are highly qualified and highly paid professionals , whose wisdom and technical knowledge demanded that they should have had the foresight to see the quality of foreign funds entering the country through PN route and the necessary preemptive action taken a long time ago when reforms in the economy were taking shape. It is easy to be wise after the event . The common sense is conspicuous by its absence and resulted in huge losses to the retail investors for no fault of their's.

karthickdoss · #12 18th October 2007, 04:02 PM

Quote:

Originally Posted by uasish

karthikdoss,

I sympathise with you.I also lost 34k in single day that too in cash mkt on the 1st occassion of exchange freeze in my life.
Nothing is lost all this money will come back.

Asish

Thanks Asish.
Today was a good day. I compensated for yesterday's loss. I thot me an important lesson that market wont run away and it presents opportunities to people who have nerves to stay in the market for long...
People like you are my role model and inspiration, giving me strength to face another day in the market.

Indianzz · #13 18th October 2007, 07:13 PM

I think sebi & fm both did most of the things right except for timing of their comments.

the problem with most of the people is that they don't understand money.
there is no such thing as money ( don't laught, let me explain)

i mean the so called money that every one is so much after is just a paper with something printed on it, does that make it valueable, no

i read it somewhere that:

money is the "value" one associates to a product or servive.

and moeny stores that Value over a period of time.

money is just the unit of it, now that value can take many forms. land/oil/coal/cloth anything.

but as history has taught us, there is nothing of real value in this world, except for "GOLD" ( incidently that is why gold is the one carrier of value that is used to store value in times if uncertainty ( war/etc )

so why do u think that there is so much FII influx in india.

because u forget one critical factor : GROWTH

money ( value) that does not grow dimishies with time .

do u know banks in america or developed markets pay just 1.75% per annum interest
or their best performing mutual funds give them just 8-10% returns.

so they are here for GROWTH in value, nothing else..
i hope some of you would get out of small views and try to really understand what i am saying.

regards

IndianZZ