Page 5 - Debashis Basu

The FTX fraud and first principles

FTX, which was valued at $32 billion a few months ago and funded by the finest names of the global financial markets, suddenly declared bankruptcy on November 11

The stealth bull market

With the benefit of hindsight, India's stealth bull market is underpinned by some strong positives. The most important of these is earnings growth across different sectors

MF investments in loss-making tech stocks

Zomato, Delhivery, Nykaa, CarTrade-there is no chance of these companies making enough money to justify their lofty valuations. Why are mutual funds then putting investors' money at risk?

Tweaking IPO rules won't stop mispricing

Sebi has announced "stricter information disclosures" in an effort to bring down the "information asymmetry" between issuers and investors

Decoupling theory again

Our idea of Indian outperformance comes from comparing the S&P500, which is a dollar-denominated index, to the Nifty or Sensex, which are rupee-denominated indices

Time to change Sebi rules on advice

If you read Sebi regulations on investment advice, retail algos are illegal products

Rakesh Jhunjhunwala: A perspective

In fact, Rakesh's achievement was greater than that of Mr Simons, a mathematical genius who has a team of super-bright mathematicians and physicists to develop quantitative techniques

Regulating investment advice: Fintech vs Sebi

How do fintech firms deal with the physical process that Sebi demands? They can't

An old, new bull market?

Rising inflation, rising interest rates, and slow growth together act as a cold wet blanket on the stock market

'Rational man' regulation: A farce

People who circle junkyards for matching hubcaps will buy mutual funds without reading the prospectus

Listed firms can't act like start-ups

Start-ups don't care that mad-money funding comes to a hard stop after an IPO

Inflation: Looking beyond forecasts

It may be worthwhile to pay attention to what the markets are telling us, as they did during the pandemic, rather than rely on consensus forecasts

Inflation: How bad for stocks?

If monetary tightening affects discretionary spending (of the middle class and the poor) and non-essential assets mainly, how will demand for the essential items shrink?

Confusing Sebi rules

Any buy/sell advice, including a model portfolio, should be the domain of research analysts while holistic financial planning and asset allocation should be that of investment advisors

Go beyond the rulebook, follow the money

The track record of Sebi and the Securities Appellate Tribunal makes it appear that their effort is to help and not hurt the accused

Colo fraud: Will CBI do what Sebi did not?

If the CBI wants to get at the truth, it has to cast its net wide, without fear or favour

How to hit the job creators

IFB Agro charged it was 'singled out by certain excise officials for not succumbing to their illegal demands'

Corruption: Needed thanedar, not chowkidar

PM Modi promised to act as chowkidar to reduce corruption, and bring in "good governance". Is the slogan working? Not quite

Stock markets ignoring inflation shock?

Russia's invasion of Ukraine has only added to the inflation fire

Eminent yes men behind NSE

Don't forget, the NSE scam and its abuse of power happened under the gaze of three successive Sebi chairmen, the worst happening under C B Bhave and U K Sinha