Zerodha co-founder Nithin Kamath has drawn parallels between historic market crashes and the current investment climate, reminding traders that every boom-and-bust cycle has one common driver: human greed. In a post on He quoted US President Herbert Hoover’s comment at the time: ‘The only problem with capitalism is the capitalists. They’re fucking greedy.’ Kamath used […]
Warren Buffett has long warned that markets are not always rational, and one of his most sustainable illustrations is a resemblance of his mentor, Benjamin Graham: “Oil discovered in hell.” The story goes as follows. An oil program arrives at the gates of heaven, to be told by St. Peter that the section is reserved […]