Author: shyam

Go Track Yourself On StockViz

The worst lies are the lies we tell ourselves. We live in denial of what we do, even what we think. We do this because we’re afraid. We fear we will not find love, and when we find it we fear we’ll lose it. We fear that if we do not have love we will be unhappy.

~ Richard Bach

StockViz is now opening up position and P&L tracking for equity derivatives and option strategies that was previously available only to our demat/trading clients. We now have action buttons that allow you to add/remove equity, futures and options positions to your StockViz account. We’ll keep track of your positions, mark it to market, calculate the P&L, manage expiry account-keeping etc.

You can even specify the actual price at which you transacted, or in case you are using this for simulated trading, specify the hypothetical traded price.

Here’s where you can find the action buttons:

Equity and Equity Futures

Equity Futures

Options

Options

Option Strategies

Option Strategy

Track P&L from within Your Portfolio

portfolio 1

Update from within Your Portfolio

portfolio 2

Its never been easier

The first step in improving yourself is to measure yourself. So get with it!

PS: If you open a demat/trading account with us, we’ll keep this updated for you. Make your life simpler 🙂

UBS: Doodh ya Paani?

Gautam Chhaochharia, Head of India Research, UBS Securities picked these 9 stocks during an interview in CNBC. The Money Control transcript can be found here.

In typical StockViz tradition, we have created a Theme out of these recommendations so that you can Follow them and see for yourself if they are doodh ya paani.

Theme: UBS Top 9 Dec-2013

Sunday Long Reads: All Ideas Are Second Hand

Creativity is just connecting things

Mark Twain:

When a great orator makes a great speech you are listening to ten centuries and ten thousand men — but we call it his speech, and really some exceedingly small portion of it is his.

Salvador DalĂ­:

Those who do not want to imitate anything, produce nothing.

Mark Twain on Plagiarism and Originality: “All Ideas Are Second-Hand”

The Persistence of Poverty

Not only does poverty make it difficult to focus the mind on multiple pressing issues and distort the process by which we prioritise them; but also the very nature and quantity of these issues reduce the motivation to even start trying.

One conclusion I think can be soundly drawn from these ideas: any traditional notion of “tough love” or “getting tough” on lazy poor people that blames them for their lots in life while downplaying their socioeconomic context is, to a first and second and third approximation, bullshit.

 

Poor Choices

Poverty Thoughts

Poverty is bleak and cuts off your long-term brain.

I will never not be poor. It’s not like the sacrifice will result in improved circumstances; the thing holding me back isn’t that I blow five bucks at Wendy’s. It’s that now that I have proven that I am a Poor Person that is all that I am or ever will be. It is not worth it to me to live a bleak life devoid of small pleasures so that one day I can make a single large purchase. I will never have large pleasures to hold on to.

 

Why I Make Terrible Decisions, or, poverty thoughts

America: The swing of the pendulum between Capital and Labour

1974 would mark a fundamental breakpoint in American economic history. Productivity has increased by 80%, but median compensation (wages plus benefits) has risen by just 11% during that time. The middle-income jobs of the nation’s postwar boom years have disproportionately vanished. Low-wage jobs have disproportionately burgeoned. Employment has become less secure. Benefits have been cut.

The 40-year slump

The Wolf of Wall Street

Meet Jordan Belfort: a white-collar crook who duped innocent investors to finance an insatiable greed. Belfort was convicted of scamming more than $100 million throughout the nineties to finance a hedonistic paradise.

After all, it wasn’t every firm that sported hookers in the basement, drug dealers in the parking lot, exotic animals in the boardroom, and midget-tossing competitions on Fridays.

 

The Wolf of Wall Street Can’t Sleep