The Compulsion To Dance & the Relevance of Base Rate
Guess how much the Sensex rose in a little over 13 months, from late-December 2016 to late-January 2018? It leapt 40% -- from just under 26,000 on 26 December 2016 to 36,300 on 30 January 2018. Now, guess what was the compounded average annual growth (CAGR) of Sensex over a 10-year period, from its peak of January 2008 to the peak of January 2018? Hold your breath. It was just 6.2%! The entire...
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