Investing is Hard

On June 30th 1997, Amazon.com (AMZN) was trading at a split adjusted $1.50 per share and was valued at $700 million. That day the stock traded 228,900 shares in a range of $1.48 – $1.59. I’m sure someone traded in and out of a great business that day, not knowing that the stock was about to…

Risky Business

Most things are going well for most investors. So let’s talk about risk. People are masters at discounting risks that threaten the continuation of their past success. Winning feels good, but winning and then assuming you’ll keep winning indefinitely by doing what you just did is pure heaven and too hard to let go of. Risk hides…

Govt may ask banks for at least $295 million in back-taxes

Authorities are demanding that banks pay taxes on services they claim were rendered to customers who maintained accounts above minimum balances The total amount of tax demands may reach more than Rs100 billion through 2016 as the government probe widens to include all of India’s roughly 100 lenders. The Indian government plans to issue demands…