In Part 1 (read here), we covered what stocks are, how companies and shareholders benefit from them, and why earnings drive stock prices. In this post, we’ll shift from the business itself to the people buying and selling it, and examine how psychology drives the market from day to day. A company’s business changes little […]
Stock Market: A Plain-English Introduction Part 1
The American stock market has been surging. Many Americans who have never owned a stock are getting interested, and it’s easy to get swept up in tips from friends or social media. If you’re new to stock investing, this is a good time to step back and understand what the stock market actually is. This […]
Balconies, Bribes, and Us
While sitting on the balcony of my parents’ apartment in Delhi, my wife and I noticed that nearly every neighbor had enclosed their balcony to create an extra room. We thought, why not us? The contractor’s first line item was blunt: Rs 1,00,000 for the Municipal Corporation. He said it had been standard practice for […]