February 28, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed flat
- AD wsa flat, VIX up marginally
- watch for break of trendline support
- option writing support 8500 resistance 9000

Warren Buffet: There is no reason for an intelligent person to use leverage

So Warren says, if you are slightly above average, as long as you don’t blow up, you are bound to grow Rich, such is the nature of the markets, such is the upward bias. Just don’t BLOW UP.

There is no reason for an intelligent person to use leverage as he will get rich anyways, and if you are not intelligent god forbid, leverage is the last thing you need.

So how do you ensure that you do not BLOW UP !!

Warren Buffet claims Risk is in NOT KNOWING what you are doing. No amount of diversification would help if you are shooting in the air. And on the other hand, if you know what you are doing, diversification is just plain stupidity.

Must read article: Option Writing – Promises and pitfalls

...keep in mind the following statistic:

  • 95% of OTM options expire worthless
  • Prices stay within 1 Standard deviation 68.2% of the time, within 2 Standard Deviations 95.4% of the time and within 3 standard deviations 99.7% of the time.

Keeping the above statistics in mind, does it make sense to have un-hedged unlimited risk strategies of selling naked options or any strategy like straddles and strangles with unlimited downside?

The back tests and empirical evidence suggest, you can make money doing that, however

“The Empirical evidence does not work in case of FAT TAILS”

This simple line is very hard to register. Option sellers write code after code, extract nth amount of data and back-test their code to draw their conclusions. They figure out ideal dates to expiry (dte), ideal volatility when to short, ideal time to square off the position based on past information.

The problem is not with the process of back-testing. Their process is very robust. Problem is the source where they are applying the back-test on. The back test is not foolproof.

If you ask the wrong question, you cannot get the right answer. The Gaussian distribution curve on which the Black Scholes model is based, works in mediocristan, a term used by Nasim Taleb.  It PRESUMES that  financial world is governed by normal distribution and a 5 standard deviation away moves are rare and will have mild consequences.

Read more at http://www.stoicinvesting.com/2016/07/option-writing-promises-and-pitfalls/

February 27, 2017

Neowave outlook of market

....if the corrective phase continues beyond 2-3 days, then it could be labeled as “f” leg of the last Diametric from Dec’16.

If it confirms as an “f” leg, then the Index could test the Yellow 0-b line shown on the charts, which is at around 28500 (Nifty 8825). This level is also close to top of “c” leg, or the “overlap” level.

Further, if it indeed is the “f” leg, then Sensex can shave off about 400-500 pts price-wise, in about 6-8 days time-wise, just like the previous 2 corrective phases, which we marked as “b” and “d” legs, did.

However, as long as the larger rising channel we showed in Yellow continues, even “f” leg dip would provide buying opportunity for the upward “g” leg, i.e. the last leg of the larger Diametric.

Read more at http://content.icicidirect.com/ULFiles/UploadFile_2017227103930.asp

Option writing trades - V

Resuming this series thanks to popular demand. Previous trades are available here.

To make it easier for me, I will post my trades only on trend reversal. I will also not be posting the MTM everyday as I assume readers are smart enough to figure out if the trade is in profit or not.

All trades are based on 15 min charts.

My usual trade quantity is 900.

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed 0.5% in negative
- AD was negative, VIX up 2%
- option writing support 8500 resistance 9000
- RELIANCE was up 5%. If this stock was flat, NF would have been down by another 50 points.

Warren Buffet's latest newsletter to shareholders

Very interesting read for investors - http://www.berkshirehathaway.com/letters/2016ltr.pdf

February 25, 2017

Warren Buffett says investors should stick with index funds

Berkshire Hathaway Inc Chairman Warren Buffett on Saturday ramped up his criticism of Wall Street, saying investors should "stick with low-cost index funds."

"When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients," Buffett, widely considered one of the world's best investors, said in his annual letter to shareholders.

"Both large and small investors should stick with low-cost index funds."

Buffett has said he believes most stock investors are better off with low-cost index funds than paying higher fees to managers who often underperform.

His latest letter adds fuel to the fire as an accelerating flow of cash moves from actively managed funds, such as hedge funds and many mutual funds, to generally lower-cost funds tracking indexes.

Possible outcome of any trade

Irrespective of which trading system you follow, there are 4 possible outcomes after taking a trade.

- small loss
- small profit
- large loss
- large profit

Over a period of time, trades with small losses and small profits will cancel each other.

What is left is a trade with a large loss or large profit.

Now it is very obvious that to have an overall profitable outcome, the only option is to limit the losses while holding on to a profitable trade as long as possible.

That's it - it is so simple.

Cut your losses fast and let the profits run.

I don't know why it is difficult to people to follow this one simple rule - cut your losses fast and let the profits run.

Mathematics of losses

The lopsided nature of recovery from market losses underscores why risk management is such a key component of successful portfolio management. Being realistic about the level of risk your portfolio involves and how much time you have to come back from potential downturns may help increase both your emotional and financial resilience.

Candlestick reversal patterns

An excellent single image collection of candlestick reversal patterns.... you can save the image as a single file on your desktop and refer to it everyday.

Ignore the reliability part. Nothing is reliable or sure-shot in life!

The key thing in candlesticks is to try and understand what is happening.  Who is under pressure, who is under pain? Use candlesticks to capitalize on this and exploit to your advantage.

NIFTY weekly charts

- trend is up on weekly charts
- this truncated week saw NF closing at 52 week
- strong resistance around 9000 levels
- support 8800... expect trend reversal if NF closes below 8800 this week

BANK NIFTY technicals

- trend is up on daily and weekly charts
- immediate support 20450 and then 19950
- strong resistance around 21000

Infographic: How India Eats

February 23, 2017

Don't blame technology

Market outlook

Daily charts
- trend is up on daily charts
- past few days, selling pressure seen in market
- advance decline is not supporting rally
- option writing support 8500 resistance 9000
- high chances of correction
- but VIX not showing any signs of fear inspite of big weekend

What would have happened if RELIANCE was flat yesterday?

RELIANCE is an index heavy weight and yesterday the stock gained an amazing 11% in a single day.

This is the highest ever gain in past 8-10 years.

Question: what would have happened to Nifty if Reliance was flat yesterday?

Answer: Nifty would have been down 112 points. Advance Decline at 1:2 supports this.

Source: https://www.equitymaster.com/india-markets/nse-replica.asp

February 22, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed marginally in the positive
- AD was 1:2
- expecting strong resistance around 9000 levels
- option writing support 8500 resistance 9000 (Mar series)
- above means high chances of correction

INDIACEM trading at 7 years high

Monthly chart

UJAAS - good example of stock forming support and then breaking it

February 21, 2017

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed in positive
- AD was flat, VIX marginally down
- note that with today's bar, Friday's bear bar is fully negated
- immediate support 8800 and then 8700
- expecting resistance near 9000 and 9200

February 20, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF took support at 8800 and recovered
- AD was 2:1, VIX up marginally
- expecting stiff resistance around 9000 levels.
- note if 2 days "joined" candlestick is considered, a "hanging man" is formed today
- immediate support is at 8800... holding this will be positive this week

Neowave analysis of markets

The 2 consecutive Doji candles on weekly chart suggested continuing struggle between Bulls and Bears. In the meanwhile, the broader market continued to under-perform. While the IT/Pharma/Bank sectors gained 1-1.5%, the Realty/Auto/PSUs/Capital Good sectors lost 1-3% each. Stock-wise profit-booking continued for the 2nd consecutive week. For every advancing stock, there were more than 2 declining 

Being a trader is not about predictions

Trading is all about risk management, position size and an edge. A sound psychological makeup helps.

Making money has nothing to do with predictions or calls.

Release the Pressure: an open letter to parents - short video

February 19, 2017

Introduction to TradingView – Webinar

In this webinar Mr Abhishek H.Singh,CMT will walk you through Tradingview Platform, features, Drawing tools which are essential for a active trader/investor. You will be learning about advance indicators, setting price alerts and how to take advantage of social community tools from trading view. He will also discussing about the publishing tools and tradingview free offerings in the form widgets & stock charting library.

Who Should Attend?

Students, Newbie Traders, experience traders/investors, brokers/sub-brokers and those who are very curious about knowing the in and out features of Tradingview platform.

Register for the Webinar

Event Date & Time : 22nd Feb 2017 (7.30p.m – 8.30p.m)
Type : Online Webinar

Source: http://www.marketcalls.in/

February 18, 2017

How the Flash Crash Trader Navinder Singh’s $50 Million Fortune Vanished

It took Navinder Singh Sarao a long time to accept that he might have been scammed out of $50 million. Stuck in London’s Wandsworth prison, wracked with anxiety and unable to sleep, the realization dawned on the man dubbed the “Flash Crash Trader” as slowly as spring turned to summer outside the barred window of his jail cell.

The trauma of the past few weeks had been difficult to process. On April 20, 2015, the slight, doe-eyed 36-year-old had dozed off peacefully in the same suburban bedroom he’d slept in since he was a boy. The next day he was arrested and taken to a police station, where he was charged with 22 counts of fraud and market manipulation carrying a maximum sentence of 380 years.

Where’s the money, Nav, his lawyers wanted to know. Sarao couldn’t make bail, they gradually learned, because the bulk of his wealth was tied up in investments and offshore trusts, each more complicated than the last. Days in Wandsworth prison, a Victorian-era fortress where Sarao was housed with sexual predators and violent offenders, turned into weeks.

After four months of dead ends, his legal team struck a deal with the authorities: If the U.S. Justice Department and the Commodity Futures Trading Commission agreed not to oppose a reduction in bail to 50,000 pounds, the firm would act as a bounty hunter, taking on responsibility for tracking down the missing millions on the condition that its fees be paid if it did.

They were going down a rabbit hole. A review of Sarao’s investments from 2005 to the present day, based on dozens of interviews and thousands of pages of documents, reveals another twist in an already remarkable story. Navinder Sarao, the trading savant accused of sabotaging the world’s financial markets from his bedroom, may himself have been the naïve victim of what his lawyers portray as a series of cons that stripped him of almost every cent he earned

Read more at https://www.bloomberg.com/news/features/2017-02-10/how-the-flash-crash-trader-s-50-million-fortune-vanished - excellent weekend reading.

NIFTY weekly charts

- 2 consecutive dojis hint at top formation

- Weekly close below 8700 will be confirmation

- Expect strong resistance near 9000

Is NIFTY forming a significant top?

1.Not crossing 8900 will be first confirmation

2.Second confirmation will be break of 8700

3.Supports 8700, 8500, 8300

Is BANKNIFTY forming a significant top?

- lots of selling seen near higher levels.

- close below 20000 will be confirmation.

Hot stocks and charts

LAST updated: 17-FEB-2017 

Simple rules

  • This information is for your study only and is not a recommendation to buy or sell.
  • Consider trend as UP when a stock gives a breakout above last month's high
  • To lock in gains, use a trailing SL (last month's low or last 2-3 weeks low)
  • Expect half the trades to (statistically) fail so manage the risk management in every trade
  • Limit risk per trade to maximum of 1% of your capital
  • In case of narrow ranges, consider the bigger / previous trading range as breakout levels
  • Pay attention to large bar breakout days or one day large reversal bars.

February 17, 2017

Market outlook

Daily charts
- trend is up on daily charts. Support 8700
- today, we had a strong gap up opening followed by selling
- the gap up was outside the range (breakout?)
- immediate selling saw NF closing near day's lows
- despite strong positive opening, AD was flat
- next week, trading below 8800 can lead to correction

February 16, 2017

Fake Rs.2000 notes coming... time to ban these notes?

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed nicely in positive
- there are signs of support developing around 8700
- tomorrow is last day of the week
- weekly close above 8830 will be very good for markets


One thing that stood out about Lynch was his flexibility. Lynch wasn’t value, he wasn’t growth, he wasn’t size and he wasn’t quality. Instead, he was all of those things at the same time. For example, in his book, One Up on Wall Street, (3) Lynch describes the way he categorizes stocks into different kinds of opportunities:

  • Slow Growers – aging companies growing slightly faster than GDP. Usually bought for their dividends and buybacks.
  • Stalwarts – large quality companies that are profitable and are growing slightly faster than slow growers.
  • Cyclicals – A company whose sales and profits rise and fall in a regular if not completely predictable fashion.
  • Fast Growers – Small, aggressive new enterprises growing at 20-25% per year.
  • Turnarounds – Battered bruised and possibly in or facing bankruptcy. The performance of these stocks is largely uncorrelated with the broad market.
  • Asset Plays –A company that’s sitting on something valuable that the market has overlooked, for example real estate.

This was very unusual. I can confidently say – as a professional portfolio manager that has invested with hundreds of fund managers – that almost nobody invests like this. Fund managers usually stick to a style (e.g. large cap growth), a particular valuation methodology (e.g. free cash flow to firm, forecast over 10 years with a terminal value) or a type of company (e.g. profitably companies with reinvestment opportunities at fair prices). In other words, each manager has one philosophy/opportunity/method that they stick with.

Not only was Lynch unique among fund managers, his eclectic approach was quite different to Buffett’s. The Oracle of Omaha has focused primarily on opportunities within his “circle of competence.” The outline of this “circle” can be roughly drawn around the following sectors:
  • Banking
  • Insurance
  • Media
  • Consumer non-durables

Buffett also holds relatively few, concentrated positions. This is in stark contrast to Lynch, who owned approximately 1,400 stocks at the time he wrote One Up on Wall Street!
Lynch was a true all-rounder, comfortable investing in all sorts of opportunities. Meanwhile, Buffett’s investment process has gradually migrated over time through 3 stages:

February 15, 2017

Something to cheer about: ISRO sends 104 satellites in one go

Feb 15, 2017 : PSLV-C37 Lift off and Onboard Camera Video

Feb 15, 2017 : PSLV-C37 Successfully Launches 104 Satellites in a Single Flight

Feb 15, 2017 : PSLV C37 / Cartosat-2 Series Mission - Third Stage Performance is Normal

Feb 15, 2017 : PSLV C37 / Cartosat-2 Series Mission - Second Stage Seperated. Third Stage Ignited.

Feb 15, 2017 : PSLV-C37 / Cartosat 2 Series Mission - Heat Shield Seperated

Feb 15, 2017 : PSLV C37 / Cartosat-2 Series Mission - Lift Off Normal

Feb 15, 2017 : Mission Director has authorised Vehicle Director for launch. Automatic Launch Sequence (ALS) program initiation authorised by Vehicle Director and ALS started for launch at 09:16 Hrs IST

Feb 15, 2017 : Real Time System simulation & Data transmission checks Completed. Vehicle Internal Checks Completed. Countdown is progressing normally

Read more at http://www.isro.gov.in

What happened to cashless or digital economy?

Has anyone read any news recently containing the words cashless or digital economy in the title?

Few weeks ago that was all what the media (govt) was talking about.

Go cashless which was later substituted with "use less cash".  Honestly speaking, how can you go cashless when less than 35% of India has reliable internet access?

Promote digital transactions blah blah etc.

Today no one talks about this at all and people are back to using cash as per old habits.

In other words, our monetary habits are back to pre-demonitisation levels. So what has all this demonetisation achieved? 

Market outlook

Daily charts
- trend is up on daily charts
- last few days, markets increasingly rangebound
- signs of selling pressure at higher levels
- today, markets recorded highest one day fall in this month
- AD was 1:4, VIX up 1%
- option writing support 8500 resistance 9000

February 14, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed flat
- AD was 1:2 showing increasing selling
- option writing support 8500 resistance 9000

February 13, 2017

Neowave analysis of markets

Overall, remember, we considered post-Dec’16 rally as a new up-move, and targeted new all-time highs for the Index. “Faster” move above Sep’16 high of 29077 (Nifty 8969) by Mar’17 will provide the structural confirmation that post-Dec’16 rally is indeed a new up-move.

Last week’s range appeared as a “Struggle Zone” between the Bulls and Bears. In the fresh week, a “decisive” move beyond last week’s “struggle zone” could tell us if upward “c” continues OR downward “d” opens.

Since Dec’16, Sensex’ close-only chart still shows “higher top higher bottom”, which defines an UP-trend as per Dow Theory. Till the trend continues up, all dips would only provide buying opportunities.

Even last week, the low made by the dip after RBI Policy on Wednesday was not broken later. As long as the dips on Sensex attract buying, the “c” leg may continue to develop. Watch for its maturity when it starts to retrace its internal rallying segments.

Read more at http://content.icicidirect.com/ULFiles/UploadFile_2017213102047.asp

Market outlook

Daily charts
- trend is up on daily charts
- last few days, markets trading in a range
- today, AD was negative. VIX up 4%.
- option writing resistance 9000

February 11, 2017

CNX IT 2 years weekly chart

- bigger trend is down for quite some time
- looks like trend will reverse from here
- holding 10000 next few weeks will be strongly bullish
- expect more gains above 10600

NIFTY weekend review

Weekly charts
- trend is up
- small 'hanging man' formed this week
- expecting selling pressure at higher levels
- strong resistance around 9000

Daily charts
- trend is up on daily charts
- signs of increasing selling seen this week
- immediate support 8700

30 min charts
- good support has developed around 8700 F levels
- for option writing, trend still remains up.

February 9, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed flat. AD was flat.
- holding 8700, expect more upsides
- immediate resistance 9000
- option writing support 8500 resistance 9000

February 8, 2017

America's Latest Social Crisis: Couples Call It Quits Over Trump

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed flat
- AD was flat, VIX marginally down at 1%
- option writing support 8500

February 7, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed in negative
- AD was mildly negative, VIX flat
- option writing resistance 9000 levels

L&T’s AM Naik Sees ‘Bloodshed’ In Coal-Based Power Sector

Moderate industrial growth and a slow uptick in demand means Larsen & Toubro Ltd.’s power business is not going to improve over the next five years, says executive chairman AM Naik.

“It is essentially a dismal picture from the growth perspective,” Naik told BloombergQuint’s Menaka Doshi.

Naik acknowledges no new power plants have come up in recent years. Power has become surplus in many places because a lot of people don’t have the ability to pay, says Naik. “Second, the industrial growth which should have been much faster than this, is somewhat moderate and that’s why power consumption hasn’t gone up yet.”

Read more at http://www.bloombergquint.com/business/2017/02/06/landts-am-naik-says-power-sector-unlikely-to-grow-for-five-years

February 6, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today was the 6th gap up day
- not comfortable with so many unfilled gaps!
- markets closed in positive, AD 2:1
- immediate support 8700 levels
- expecting strong resistance around 9000 levels

Neowave analysis of market

Could not understand anything.

Read more at http://content.icicidirect.com/ULFiles/UploadFile_201726102612.asp

UIDAI Cautions People Against Aadhaar 'Smart Card'

The Unique Identification Authority of India (UIDAI) on Monday cautioned people not to fall prey to unscrupulous entities that are charging between Rs.50 to Rs.200 for printing Aadhaar on a plastic card in the name of 'smart card'.

"The Aadhaar card or the downloaded Aadhaar card printed on ordinary paper is perfectly valid for all uses. If a person has a paper Aadhaar card, there is absolutely no need to get his or her Aadhaar card laminated or obtain a plastic Aadhaar card or so called 'smart' Aadhaar card by paying money.

There is no concept such as smart Aadhaar card," said Ajay Bhushan Pandey, director general and mission director of UIDAI.

In case a person loses his Aadhaar card, he can download his Aadhaar card free of cost from the official website. The print-out of the downloaded Aadhaar, even in black and white form, is as valid as the original Aadhaar letter sent by UIDAI, the statement said.

February 4, 2017

Small steps everyday make a big difference

Notes from Prashant Jain’s Talk after the Budget

Source: http://alphaideas.in/

Prashant Jain is ED & CIO of HDFC Mutual Fund.


Here are the key takeaways from Prashant Jain’s talk:
His take on the Budget:
  • Its a no-nonsense Budget
  • Once GST is passed,Budget will become a simple boring affair
  • For first time in 25 years,he was able to leave office by 7-30 pm on Budget Day as there is no major policy changes in the Budget
His take on the Modi Govt:

NIFTY weekly charts

- NF trending up nicely
- not sure if it will cross 9000 this month

BANKNIFTY: expecting new highs shortly. SL 19400

Global markets... party to continue?

After a brief correction or consolidation, it looks the markets will rally again.

Here are some charts

Why Python is most preferred language for algo traders

February 3, 2017

Trading signals this Friday

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed flat
- AD was marginally positive, VIX down 3%
- option writing resistance 9000

February 2, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed flat
- AD was flat, VIX down 3%
- current level is resistance area
- holding above 8800 can see rally to 9000

NIFTY 15 min charts
- not showing 5 min charts as markets rangebound today
- 15 min charts show support around 8700
- below this expect some correction
- slower pace of correction means high chance of previous trend resuming

Nifty is Warning Cautions for Decline towards 8537-8327 – EW Analysis as on 02 Feb 2017

This Elliott Wave analysis report of Nifty for 02 Feb 2017 I am posting on my blog because this report has Elliott Wave counting on 1 minute chart which can be used as practical example by my students/book subscriber in future.

Nifty opened flat at 8570 and consolidated between 8540-8560 in first half but bounced sharply in second half by more than 160 points. Finally Nifty closed 155 points up at 8716 after registering day’s low 8537 and high 8722.

In yesterday’s report, bounce towards 8672-8765 was expected and suggested to hold Nifty longs taken at 8560-8549 with revised stoploss of 8519. Nifty achieved our expected targets range 8672-8765 without triggering the stoploss. Low for the day was 8537 and high was 8722. Let’s have a fresh look at latest chart for further scenario.

Read more at http://sweeglu.com/nifty-is-warning-cautions-for-decline-towards-8537-8327-ew-analysis-as-on-02-feb-2017/

February 1, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 1.8% in positive
- AD was 2:1, VIX down 17%
- option writing resistance 9000

Two basic styles of management.

There are two basic styles of management. One is the cautious style of Fortune 500 companies. The other is the rapid-iteration and A/B testing style of entrepreneurs. Trump is bringing the latter style to the office. The markers for this style of management include:

1. Rapid and decisive hiring and firing.

2. Bias toward action.

3. Rapid A/B testing. Release the early beta version and judge reactions. Adjust accordingly.

4. Emphasis on the psychology of success. Entrepreneurial management includes lots of persuasion and bullshit because entrepreneurs have to fake it until they make it. In other words, they have to create demand via persuasion.

Compare that management style to a large company style. Big companies move slowly in both hiring and firing. They get caught in “analysis paralysis” because no one wants to be seen as making a mistake. And they don’t do rapid testing and iteration with consumers. They try to get it right before any customers see the product.

The world is watching Trump trade some “chaos” to get the benefits of entrepreneurial management. It’s fast and messy, but he’s testing in real time. He’s watching protests. He’s watching news coverage. He’s watching social media. And he’s rapidly adjusting as needed. The net effect of Trump’s bias for action in his first week is that he created a presidential brand of being the most action-oriented president of all time. Your first impression will be sticky. If things work out for Trump, you will forget any temporary “chaos” and remember him as the most effective president in history. Success fixes everything. Every entrepreneur knows that.

Source: http://blog.dilbert.com/post/156628357041/is-president-trump-doing-management-wrong

Secret to business success does NOT necessarily involve hiring the right people.

...the secret to business success does NOT necessarily involve hiring the right people. We just think it does. The real secret to success is firing the people that you discover to be the wrong fit until eventually you END UP with the right people. No one is psychic enough to do hiring right every time. Job applicants are good at misrepresenting themselves. But a good leader knows which employees to fire and does it quickly and humanely.

Trump fires well. We saw him fire campaign managers as needed to restaff for each phase of his campaign. Lewandowski was perfect for the scrappy first months. Manafort was the right campaign manager to get Trump through the nomination process. And Conway was the right pick as his closer.

I’m not suggesting that everything Trump does is the right move. Quite the opposite. I’m suggesting that he has chosen an entrepreneurial management style that is guaranteed to create more small-scale unforced errors than you might see from a boring Fortune 500 management style. If Trump quickly fixes his unforced errors, you’re seeing a style done right, not wrong.

Source: http://blog.dilbert.com/post/156628357041/is-president-trump-doing-management-wrong

Indian economy at a glance

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