Tuesday, June 15, 2010

How to make your shit smell good

I logged on to Icicidirect for some work. There was a news ticker flashing on the page immediately after login. This is what it said: " We are glad to inform you that Dhanlaxmi Bank given as Strong Buy recommendation with potential upside of 23% and time frame of 12 months has achieved its target price within 37 days of recommendation" The thoughts that crossed my mind were as follows

" You f***ing idiotic son of b***ch analyst - your prediction has come horribly wrong. You are lucky it went up in 37 days instead of 365 days. It means your prediction came true in 1/10th of the time or in other words, you grossly underestimated by 10 times."

Now i understand that stock markets are extremely unpredictable. My grouse is analysts claiming credit for something they have crapped about. The prediction was basically shit. ICICI just made it smell good.

On a lighter note, it would be good to bet your money on stocks that have "Dhan" and "Laxmi" in their name. I mean, the returns are commensurate with the name "Dhanlaxmi"

disclaimer: I have been influenced by Naseem Talebs book "The Black Swan"

1 comment:

  1. The influence is I think going too far :-)

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