Bulls, Bears and Other Beasts

by Santosh Nair

share valuation is based on perception about future earnings and not the past performance of companies.

But you can’t make big money by investing in their shares unless you are able to buy them cheap.

There would be no conversation. Two rings meant a buy order and four rings a sell order – or the other way round.

There was this story about a Calcutta-based software firm that suddenly became a big hit with retail investors. Only later did the buyers realize that Soft Wear was a hosiery firm and not a software firm.