2min chapter

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Stock market returns are lumpy. Get used to it!

Capitalmind Podcast

CHAPTER

The Anchor Effect on the Markets

In 1992, my father used to go from Delhi to Bangalore and the tickets would cost 10,000 rupees. The market, the earning capacity of every individual has gone up maybe 30x or 40x in two years. Right now, for instance, to go to Bombay from Bangalore or Delhi from Bangalore, a ticket cost may be maybe 10,000 Rupee today. This is based on at least what I've seen recently.

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