Steve Bannon and your Portfolio

I have been trying to keep away from US politics and the frenzy Trump seems to have caused all around me. Armies of snowflakes march against the Wall of Fate that will stand for 5 years. It gives me heartache to think about it, even as I try to filter their screeching to not get “triggered” myself. These are well meaning people, far ahead of their time, feeling let down by institutions that were built to uphold the tribal nation state. There is ofcourse much lulz to be had in raging against the Plastic First Family. But I am an alien here, and this is not my business. Continue reading “Steve Bannon and your Portfolio”

Cinderella at the Ball – Are Airlines still a Value Trap?

Once dismissed as a “death trap” by Warren Buffet, Airlines saw frenzied buying in 2016. In third quarter Buffet’s Berkshire was seen accumulating stocks of not one but multiple airlines. In India, airlines listed on the exchanges saw buying by marquee institutions and funds. In 2016 the much maligned Airlines business caught the fancy of the investment community. What changed? Continue reading “Cinderella at the Ball – Are Airlines still a Value Trap?”