Archive for June, 2009

Book Review: Fooled by Randomness

Posted in MY Personal views with tags , , , , on June 21, 2009 by sandyyadav

Every body wants to be succesful in his/her life. But what are the reasons that some of us more succesful then our counterparts? Is it really down to skill, knowledge and stratergy or some thing altogether unpredictable? Black Swan the name give by the author Nassim Nicholas Taleb. After reading Black Swan I found fooled my randomness is also worth a read for the people who are associated with markets.

The book will definately challange the way you think about business and the world.More precisely its the factor called luck, how we percieve luck in our personal and proffesional experiences. Its more obvious in the markets we hear an enterpreneur has ‘vision’ or a trader is ‘talented’. but all too often thier performances is down to chance rather than skill, its becoz we fail to understand probability that we continue to believe events are non-random, finding reasons where none exits.

As a trader I loved the way the chapers are constructed in the book.

REFORMING THE COMMODITIES MARKET IN INDIA

Posted in ECONOMY on June 18, 2009 by sandyyadav

The newly elected government seems to be going in the right direction. Indicating that this is the most literate cabinet India ever have. Last year Mr Chiddambaram proposed a CTT on all commodities contract, that could have been disaster for the commodities market if the same has been introduced. The exchange traded commodity market is still in its juvenile stage .

Commodities market in India need to develop a lot comparing to the other markets of the world. Current FM has shown indications that he will not introduce the CTT in the budget, this will cherish all the commodities traders and encourage the investors to focus on the commodities too as a investment destination.

Even the most developed country of the world have not imposed commodity tax.