Compounding Knowledge

Over more than three decades of emerging-market investing, I’ve found that being a genial yet cynical optimist is the best posture to achieve long-term success. https://t.co/71PnTo9SMC — Mark Mobius (@MarkMobius) January 18, 2018

In an interview to the Indian Express a few days ago, Uday Kotak of Kotak Mahindra Bank has called out the permabulls (you know who they are: those talking heads who are always on TV talking up their own investments) in the market. To a question about the surge of retail inflows into the markets, Mr. Kotak has a characteristically cautious response: