Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Sigh, baby, sigh! - Views on News from Equitymaster
  • E-MAIL
  • A  A  A
  • Aug 15, 1999

    Sigh, baby, sigh!

    Udhar, they are getting nervous. Will the US Fed raise rates? Will the computers know what to do after midnight on December 31st, 1999? Will my 3 year old baby be safe from guns when she goes to school?

    But Idhar, there are no such worries. Idhar we know there will be a war with Pakistan. Idhar, we know we will win - but with damages. Idhar, we know there will an election with a coalition government. Idhar, we know there will be another election within 18 months of this one. But, Idhar, we do not worry. Idhar, Indians are rejoicing.

    Look at the BSE-30 Index. It is powering itself to new highs. Yes, you udhar-type dollar-calculating NRIs and FIIs may worry about why the BSE-30 Index is up only an average of 5.2% p.a. in US$ terms since January 1995 while the Dow is up by 28% per annum. But these Udhar-types will need to be a bit careful of their swollen PE ratios. And even otherwise, we have our share of world class winners.

    Heard of Infy? It is an Idhar stock that has appreciated by an average of 118.2% each year since January 1995 - in US dollars! Heard of Microsoft? That is up only 72.4% p.a. And then there is our very own Zee. This stock was up an average of 53.7% per annum in US dollars while the big boss Murdoch's News Corp was up only 25.2% and even the US giant Time Warner was up 37.0%.

    See, Mr. Udhar, all the fun is Idhar. Your CNN only writes about all the fireworks on the Pakistan border. Tell them to send their cameras here on Dalal Street instead - that is where the action is.



    Equitymaster requests your view! Post a comment on "Sigh, baby, sigh!". Click here!


    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms