This Diwali Let the Lights Shine Brighter!

A lot has happened since last Diwali that has led to the underperformance of the equity market globally. In fact, the equity market is yet to touch the level that we traded at last Diwali. The uncertain characteristics of the economy were misread by even the battery of experts from Ivy League. It reminds me of a quote of Israeli-American psychologist Daniel Kahneman who said, “We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events. We can be blind to the obvious and we are also blind to our blindness.”