The markets got crushed this week. The Nifty ended -2.64% (-3.92% in USD terms).
The biggest losers were banks but pharma was spared most of the pain.
Top winners and losers
Advancers and Decliners
Long-bonds would have got shellacked this week…
… however, interbank lending rates (MIBOR) continued to stabilize.
Investment Theme Performance
|Quality to Price||+7.14%|
|Magic Formula Investing||+1.33%|
|Financial Strength Value||+0.75%|
|Growth with Moat||+0.50%|
Thought for the Weekend
Scott McNealy — a co-founder of Sun Microsystems:
It’s important to make good decisions. But I spend much less time and energy worrying about “making the right decision” and much more time and energy ensuring that any decision I make turns out right.
Merely selecting the “best” option doesn’t guarantee that things will turn out well in the long run, just as making a sub-optimal choice doesn’t doom us to failure or unhappiness. It’s what happens next (and in the days, months, and years that follow) that ultimately determines whether a given decision was “right.”