Living with ambiguity is the first lesson we teach our Analysts at #FirstGlobal. A lesson that is particularly hard for the engineers to grasp 😊
The Difference between education & real life is this:
In Maths and Science, the problems have a known set of variables with definite values (speed, direction etc)
Whereas decisions in real life, and particularly the markets, are made with variables that are unknown or even unknowable
This lesson has been brought home to us in stark terms over the last few weeks. After all, which investor in IRCTC could have foreseen that for the first time since its inception, Indian Railways would suspend all passenger trains.
While this may appear a Black Swan event, remember uncertainty is baked into markets. It is their very essence.
Life and #markets can be modeled.
But be prepared for the unmodelable.
Only Hares can navigate out of such situations.
Fast. Nimble. Panoramic Vision
Always be Hare-ish
Warmest Regards,
Shankar Sharma
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Economists Think Dollar's Fall May Explain the Recent ‘Rally’ by Steve Liesman
Einstein taught us about relativity in nature. Now come Devina Mehra and Shankar Sharma of First Global to teach us about relativity in financial markets -- and raise some serious questions about just what is driving stock prices.
First Global reports are quite credible and, on occasion, more than that.
What prompts this mention is Intel's earnings report and the fact that First Global has had a pretty good bead on the company and its stock.
AMD up again following First Global upgrade to ‘buy’ (AMD) By Tomi Kilgore
Analyst Kuldeep Koul at First Global upgraded Advanced Micro Devices (AMD) to "buy" from "outperform," given the "exceptional traction" that the chipmaker's Opteron line of processors has been able to get.
Baidu Climbs on First Global’s ‘Outperform’ Outlook
Baidu Inc., the operator of China’s most-used Internet search engine, rose to the highest price in two weeks after First Global rated the shares “outperform? in new coverage.
Personality counts: Walmart's frugal, but Target charms
"It's better to take a slight hit on [profit] margins and keep on moving and inventing," says First Global Securities. And at least for now, Target is inventing in a way that appeals to consumers with money to spend.
Dead Batteries
At 11 times trailing earnings, Energizer is cheaper; Gillette's multiple is 25. But cheaper doesn't mean better, says First Global.
Bipinchandra Dugam @bipinchandra90
@devinamehra @firtglobalsec
invested in both GFF-GTS and Super I50. Thank you very much for such wonderful investing experience with completely new approach. In my 15years of investing first product I felt which close to what customer want.
Shishir Kapadia @shishirkapadia1
@firstglobalsec @devinamehra
by far you are the best, I have not come across transparency, acumen, global expertise, exposure, protection of capital, delivering return from any fund/ fund managers. Invested very small size in 3 products will keep on increasing it over the period
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