The Nifty ended the week +1.46% (+2.43% in USD terms) largely driven by banks and IT.
Top winners and losers
Advancers and decliners
Investment Theme Performance
|Growth with Moat||-1.10%|
|Magic Formula Investing||-2.21%|
|Financial Strength Value||-2.65%|
|Quality to Price||-3.41%|
|Long Term Equity*||-4.58%|
Telecom stocks feeling the heat from Reliance Jio… Just when pricing power was threatening to return, the 800 pound gorilla decides to step into the rink…
Thought for the weekend
For an investor to both be right and make money:
- his view of what will happen in the future – and what should be done about it – has to be analytically correct a priori,
- the things he thinks will happen have to actually happen, and
- those things have to happen on schedule.
But in investing, it’s hard to know what will happen and impossible to know when it will happen. Many things influence performance other than (a) investors’ hard work and skill and (b) the market’s dependable discounting of information about the future. Luck – randomness, or the occurrence of things beyond our knowledge and control – plays a huge part in outcomes.
Source: Getting Lucky (pdf)