Monday, October 20, 2008

'It would be better to accumulate stocks in small quantities'

Is this a good time to invest?

Bidyut (an economics professor) and Mack (an American expat working in India) are seated in the professor’s car, enjoying vanilla ice cream from a roadside vendor near the beach in Chennai when they overhear the seller talking with some customers about the global liquidity crunch and sub-prime. In the face of the assault on their ears, their resolve to stay away from the topic – something they deal with every day in their respective professions – melts faster that the vanilla in Chennai heat.
Bidyut: Well, just about everyone is talking about it now.
Mack: (Chuckles) Ya, seems most people know more about sub-prime that we do.

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