Source: economictimes.indiatimes.com Canada’s Public Sector Pension Investment Board (PSP Investments) is joining forces with the Abu Dhabi Investment Authority-National Investment and Infrastructure Fund consortium to buy 49% of GVK Airport Holdings Ltd for about Rs 6,000 crore, people directly involved in the deal said. The deal will ringfence the business […]
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Viewpoint | Why do we buy the shares of a company that has gone broke?
Source: moneycontrol.com I have written about the loss aversion of investors in the past and the tendency of investors to keep averaging the purchase price in the hope of breaking even in a stock. While it can be justified in some instances, what is confounding is the tendency of investors […]
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