Value investing and timing. In a discussion on prospects for Psu banks among a few friends, one of the points made was that SBI should be part of a portfolio and that there was no way it can be ignored. I don’t think anyone is going to disagree with that. After all, it is the...
In my weekend reading I came across a phrase called ‘time inconsistency’ in the field of behavioral economics. Time Inconsistency refers to the tendency of the human brain to value instant gratification more highly than future rewards. And I was struck by how familiar I was with that aspect, as I see it every day...
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