Veteran investor Howard Marks emphasizes understanding market cycles over predicting turning points. In today’s environment of high tech optimism and elevated valuations, he advises calibrating risk by gradually adjusting portfolios based on market signals. For Indian investors, this means focusing on selective stock picking and valuation discipline amidst strong structural growth.
Sebi to revamp short-selling, securities lending rules
Sebi is reviewing short-selling and securities lending rules to improve liquidity and price discovery. The regulator is also planning reforms in clearing, broker compliance, custodial