Frontline shares might be hogging the limelight with benchmark equity indices hitting new highs almost every other day. However, foreign funds — the main drivers of the recent rally — are also steadily adding mid-cap shares to their portfolio as seen from the block deals data on the Bombay Stock Exchange.
Click here for the full story.
Stocks can’t outperform businesses indefinitely. Indeed, because of the heavy transaction and investment management costs they bear, stockholders as a whole and over the long term must inevitably underperform the companies they own. If American business, in aggregate, earns about 12% on equity annually, investors must end up earning significantly less. Bull markets can obscure mathematical laws, but they cannot repeal them. – Warren Buffett