The Share Market Bull Run Infection

The Bull Run InfectionEvery few days, newspaper frontpages announce the Sensex’s march past another milestone, 10000, 15000, 20000 and so on. You have photos of brokers jumping for joy and quotes from experts. Business channel hosts are all smiles and it feels like it’s already Diwali. Media portrays the event as a big win for India.

Why the markets surge when nothing seems to have changed or why they crash suddenly is beyond the understanding of every expert, let alone a layman like me. There’s always some exotic reason put forward, like change in interest rates in Timbuktoo. However the fact is that no one knows. If the experts knew, wouldn’t they be making millions and then relaxing on a private island rather than giving tips on TV all day?

Viva Las Vegas! – City Offers More Than Just Casinos and Gambling

Viva Las Vegas - Maharashtra Herald ColumnIn my last piece I wrote about my time in San Francisco. After a hectic work week at San Francisco, me, my wife and a friend headed to Las Vegas. Las Vegas is casino country. You step out of the aircraft at Las Vegas airport and it becomes obvious that Vegas is not just another American city. The first thing you encounter at the airport isn’t baggage claim or immigration or customs, but a series of slot machines!